OREANDA-NEWS. 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 USD 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August 13, 2014 (the "Expiration Time"), USD 11,333,000 principal amount of the Notes had been validly tendered and not withdrawn, and holders of USD 110,565,000 principal amount of the Notes, or 73.71% of the Notes, had validly consented to the Consent Solicitation and not revoked such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.

The terms of the Offer and Consent Solicitation for the Notes are detailed in the Company's Offer to Purchase and Consent Solicitation Statement dated July 16, 2014, and in the related Letter of Transmittal and Consent to Tender and to Give Consent (referred to herein collectively as the "Offer Documents").

Upon the satisfaction or waiver of the conditions to effectiveness specified in the Offer Documents, including the closing of the previously announced sale of properties to Renaissance Offshore, LLC, (i) the Company, the guarantor and the trustee under the indenture governing the Notes will enter into a Second Supplemental Indenture in order to effect the proposed amendments to the indenture governing the Notes and (ii) all Notes validly tendered and not withdrawn at or before the Expiration Time will be accepted for payment in accordance with the terms of the Offer Documents.

The Offer and the Consent Solicitation are being made solely by means of the Offer Documents, which have been made available to the holders of Notes. Under no circumstances shall this news release constitute an offer to purchase or the solicitation of an offer to sell the Notes or any other securities of the Company or of any other person, nor shall there be any offer or sale of any Notes or other securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.