19 Forward-Looking Statements & Other Information Forward Looking Statements This presentation contains forward-looking information regarding EPL that is intended to be covered by the safe harbor "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. All statements included in this presentation that address activities, events or developments that EPL expects, believes or anticipates will or may occur in the future are forward-looking statements. These include statements regarding: reserve and production estimates, oil and gas prices, the impact of derivative positions, production expense estimates, cash flow estimates, future financial performance, planned capital expenditures, EPL’s ability to secure funds necessary to finance and to consummate the equity self-tender offer, and the refinancing of its revolving credit facility and senior notes; and other matters that are discussed in EPL's filings with the Securities and Exchange Commission (SEC). These statements are based on current expectations and projections about future events and involve known and unknown risks, uncertainties, and other factors that may cause actual results and performance to be materially different from any future results or performance expressed or implied by these forward-looking statements. Please refer to EPL's filings with the SEC, including our Form 10-K for the year ended December 31, 2006, for a discussion of these risks. Please also refer to the Offer to Purchase filed by EPL with the SEC in connection with the equity self-tender for additional information regarding such risks, uncertainties and contingencies. Reserve Information In its filings with the SEC, EPL is generally permitted to disclose only proved reserves, which are reserve estimates that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. EPL uses certain terms in this presentation, such as “potential”, “probable”, and “possible” in relation to reserves. Estimates of “potential”, “probable” and “possible” reserves which may potentially be recoverable through additional drilling or recovery techniques are by their nature more uncertain than estimates of proved reserves and accordingly are subject to substantially greater risk of not actually being realized by the Company. Investors are urged to consider closely EPL’s disclosure of its proved reserves, along with certain risk factors and uncertainties inherent in its business set forth in its Form 10-K and other filings with the SEC. Oil and gas exploration is inherently risky. There is no assurance that the Company can realize any of this potential. No Offer or Solicitation. This presentation does not constitute an offer or invitation to purchase nor a solicitation of an offer to purchase or sell any securities of EPL. Any offers to purchase or solicitation of offers to sell will be made only pursuant to the tender offer statement (including an offer to purchase, a letter of transmittal and other offer documents) filed by EPL (“EPL’s Tender Offer Statement”) with the SEC. EPL’s shareholders are advised to read EPL’s tender offer statement and any other documents relating to the tender offer that are filed with the SEC carefully and in their entirety when they become available because they will contain important information. This release is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent of any senior notes. The tender offer and the consent solicitation will be made solely by an Offer to Purchase and Consent Solicitation Statement. EPL’s shareholders are advised to read EPL’s offer to purchase and consent soliciation statement and any other documents relating to the tender Offer carefully and in their entirety when they are distributed because they will contain important information. | 
