Houston, August 22, 2014 - Black Elk Energy Offshore Operations, LLC (the "Company") will release a recording announcing second quarter results. The recording is scheduled to be released for Wednesday, August 27th at 4:00 p.m. Central Time. Please visit the Company's website to access this recording at http://www.blackelkenergy.com/news/press-releases.
Houston, TX – August 21, 2014 – On August 15, 2014, Black Elk Energy Offshore Operations, LLC (the "Company"), an independent oil and gas company headquartered in Houston, Texas today announced the closing of its previously announced sale to Renaissance Offshore, LLC of seven operated and one non-operated assets in the offshore Gulf of Mexico (the "Renaissance Sale"). After customary purchase price adjustments, the Company received $149.2 million in net proceeds from the Renaissance Sale. The assets sold in the Renaissance Sale represent a significant amount of the Company's cash flow, proved reserves and production.
Houston, TX – August 14, 2014 – Each of Black Elk Energy Offshore Operations, LLC and Black Elk Energy Finance Corp. (together, the "Company") today announced the expiration of its previously announced tender offer (the "Offer") to purchase for cash all of its outstanding $150,000,000 aggregate principal amount of 13.75% senior secured notes due 2015 (the "Notes") and receipt of the requisite consents needed to approve the adoption of the proposed amendments to the indenture under which the Notes were issued in connection with its previously announced consent solicitation (the "Consent Solicitation"). As of the expiration of the Offer at 5:00 p.m. EST on August 13, 2014 (the "Expiration Time"), $11,333,000 principal amount of the Notes had been validly tendered and not withdrawn, and holders of $110,565,000 principal amount of the Notes, or 73.71% of the Notes, had validly consented to the Consent Solicitation and not revoked such consent.