Investor Presentation

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Seismic Rejuvenation – Redefining Salt Models 1976-2008 2010 Present Main Pass Field Model Redefined Salt Model Generating Growth and Future Development Opportunities 18
Better Understanding of Salt Domes Ala. Louisiana Miss. Florida Narrow Azimuth 3D Coverage Texas Mexico Gulf of Mexico GoM – Intrusive Salt Bodies Wide Azimuth 3D Coverage • Increasing activity due to new WAZ seismic • New and ongoing improved acquisition techniques • Advanced seismic processing • Better definition of limits/boundaries 19
Page 1 and 2: Investor Presentation December 2013
Page 3 and 4: Company Snapshot Acquire. Exploit.
Page 5 and 6: Reserves Grow ~50% - 2P PV10 $8.4 B
Page 7 and 8: Rapid Growth Since 2005 Acquisition
Page 9 and 10: History of Making Big Oil Fields Bi
Page 11 and 12: FY 2014 Drilling Inventory and Sche
Page 13 and 14: Drilling Horizontals in the GoM Big
Page 15 and 16: 95+ Potential Horizontal Locations
Page 17: Exploring with the Right Partners V
Page 21 and 22: ExxonMobil JV - Targeting Salt Dome
Page 23 and 24: De-Risking the Ultra-Deep Lomond No
Page 25 and 26: Image goes here DELIVER 25
Page 27 and 28: Development Focused Capital Program
Page 29 and 30: EXXI Trades at Discount to NAV Cate
Page 31 and 32: Contact Stewart Lawrence, IRO Energ
Page 33 and 34: WD 73 - Successful Horizontal Resul
Page 35 and 36: Large Inventory of Leads & Prospect
Page 37 and 38: Solid Balance Sheet $10.00 $8.00 $9
Page 39: Current Crude Hedge Profile* 30 25

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