OREANDA-NEWS. Black Elk Energy Offshore Operations, LLC (“Black Elk Energy”), an independent oil and gas company headquartered in Houston, TX, provided production, EBITDA and capital expenditure guidance for the six month period ending December 31, 2013 as set forth in the following table: Second Half 2013

Average Daily Production (Boed) 13,500 to 14,500

EBITDA (in thousands) USD 75,000 to USD 85,000

Capital Expenditures (in thousands) USD 45,000 to USD 55,000

The Company's first half 2013 results were adversely impacted by the continued effects of the West Delta 32 incident that occurred in November 2012. Production was negatively impacted by off-line fields and delayed permitting approvals for ordinary course maintenance and workover expense, while operating costs were greater than anticipated as a result of non-recurring regulatory, legal and platform restoration costs again related to the WD32 incident. Going forward, Black Elk Energy is well prepared to deliver best-in-class safety and compliance metrics in a cost-effective manner.

The above forecasts are based on the Company's year-to-date drilling program, in which they have met or exceeded their reserve and production projections in all six of the wells drilled in 2013. Additionally, Black Elk Energy has maintained their reserve base despite an accretive divestiture and six months of production run-off. The Company has also implemented comprehensive cost reductions across all components of lease operating expenses and general & administrative expenses.

“We are very excited about our future prospects as we embark on the next chapter of our company”, commented John Hoffman, President and Chief Executive Officer of Black Elk Energy. Mr. Hoffman added, “We are 100% focused on production and costs to deliver

stakeholder value.”

Black Elk Energy continues to evaluate acquisition and divestiture opportunities to optimize our portfolio as well as long term capital structure options which include the potential refinancing of our existing secured bonds.

About Black Elk Energy Offshore Operations, LLC

Black Elk Energy Offshore Operations, LLC (www.blackelkenergy.com <http://www.blackelkenergy.com>) is an independent oil and gas company headquartered in Houston, Texas. The Company's seasoned industry executives have extensive exploitation experience and knowledge with a demonstrated track record of increasing reserves and production while lowering costs. Our team of professionals is dedicated to performing to the highest industry standards, operating within regulatory requirements, and maintaining its stance as a good corporate citizen.