Following announcements that it was cutting FY16 capex by 85% and that unsecured bondholders were trying to derisk some of the instruments’ hemorrhaging, Energy XXI said that its net loss for the FY15, which ended June 30, was $2.43 billion on $2.42 billion in impairments against its oil and gas properties resulting from fallen prices. The company reported restated FY14 earnings of $217 million.Adjusted EBITDA for the year came to $760.5 million, up 4%......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.