Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of EPL Oil & Gas, Inc. Stockholders

NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP is investigating potential claims against the Board of Directors of EPL Oil & Gas, Inc. (“EPL” or the “Company”) (NYSE:EPL) concerning the proposed acquisition of the Company by Energy XXI (Bermuda) Limited (“Energy XXI”) (NASDAQ:EXXI). Under the terms of the definitive merger agreement, EPL stockholders may elect to receive either $39.00 in cash, 1.669 common shares of Energy XXI, or $25.35 in cash plus 0.584 common shares of Energy XXI for each share of EPL common stock they own. The total value of the transaction is approximately $2.3 billion, including the assumption of debt.