SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of EPL Oil &

 SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not
      Be in the Best Interest of Investors of EPL Oil & Gas, Inc. - EPL

PR Newswire

NEW YORK, March 13, 2014

NEW YORK, March 13, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims
on behalf of investors of EPL Oil & Gas ("EPL" or the "Company") (NYSE: EPL)
(ISIN: US26883D1081) (CUSIP: 26883D108) concerning the proposed acquisition
of EPL by Energy XXI (Bermuda) Limited.

EPL shareholders seeking more information about this acquisition are advised
to contact Robert Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.

The investigation concerns whether the EPL directors are breaching their
fiduciary duties by failing to adequately shop the Company and maximize
shareholder value. Under the terms of the agreement, based on Energy XXI's
closing price on March 11, 2014.EPL stockholders will be able to elect, for
each EPL share held, either: (i) $39.00 in cash; (ii) 1.669 common shares of
Energy XXI; or (iii) $25.35 in cash plus 0.584 common shares of Energy
XXI.All elections by shareholders will be subject to proration. However, the
Price to EBITDA, EBIT, Revenue, and Total Assets multiples are below the
averages of comparable transactions. Additionally, at least one analyst has
set a target price of $43.00 per share.

EPL shareholders seeking more information about this acquisition are advised
to contact Robert Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.

Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz LLP
pioneered the field of securities class actions. Today, more than 75 years
later, the Pomerantz LLP continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.

CONTACT:
Robert Willoughby
Pomerantz LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com

SOURCE Pomerantz LLP

Website: http://www.pomerantzlaw.com
 
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