Energy XXI Gulf Coast (EGC) S-4/A Registration of securities issued in business combination transactions (amended)

Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth our ratio of earnings to fixed charges for the periods indicated on a consolidated historical basis.

	Nine Months Ended March 31,			Year Ended June 30,
	2011			2010			2009		2008
				(Unaudited)
Ratio of Earnings (Loss) to Fixed Charges		1.52	x		1.46	x		—		1.45	x

For purposes of computing the ratio of earnings (loss) to fixed charges, earnings (loss) is defined as pre-tax income (loss) plus fixed charges. Fixed charges consist of interest expense and amortization of deferred financing fees. For the year ended June 30, 2009 earnings were inadequate to cover fixed charges and therefore have not been presented for this period. The coverage deficiency necessary for the ratio of earnings to fixed charges to equal 1.00x (one-to-one coverage) was $604.2 million for the year ended June 30, 2009.

	Nine Months Ended March 31,		Year Ended June 30,
	2011		2010		2009			2008
			(Dollars in Thousands) (Unaudited)
Earnings (Loss):
Pre-Tax Income (Loss)	$	38,962	$	42,499	$	(604,213	)	$	46,233
Fixed Charges		74,887		92,838		94,019			101,655
Total Earnings (Loss)		113,849		135,337		(510,194	)		147,888
Fixed Charges:
Interest Expense		67,953		85,032		88,774			97,469
Deferred Financing Fees		6,934		7,806		5,245			4,186
Total Fixed Charges		74,887		92,838		94,019			101,655
Ratio of Earnings (Loss) to Fixed Charges		1.52x		1.46x		—			1.45x