EPL provides post-Isaac production ramp up estimates

Source: EPL Oil & Gas, Inc.

EPL Oil & Gas, Inc. (EPL or the Company) (EPL) today provided an update on production restoration efforts following Hurricane Isaac and stated that its rig activities have fully resumed.

All of EPL's operated fields are fully operational after sustaining minimal damage during Hurricane Isaac ("Isaac"). As a result, the Company estimates that 45% of its operated production has been brought back on line. The remaining shut-in operated production is waiting on various third party processing facilities to be operational to allow production to be restored. EPL expects that the vast majority of this production will be brought on line next week, with the remaining production to continue to ramp up through mid to late September. Concerning its non-operated properties, the timetable for production restoration, where provided, has been confirmed to be similar to the expected ramp up of the Company's operated production.

The Company also confirmed today that its rig activities have resumed following Isaac and all operations are proceeding as planned.

The Company will provide additional information, including the estimated impact of Isaac on guidance for the third quarter of 2012, in the coming weeks.


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