Appointment letter dated August 31, 2005 for William Colvin




 EXHIBIT 10.10 
 Energy XXI Acquisition Corporation (Bermuda) Limited 
 August 31, 2005 
 Mr. Bill Colvin 
 1 Patterdale, Coldharbour Road 
 West Byfleet 
 Surrey, UK KT146JN 
 Dear Bill: 
 The board of Energy XXI Acquisition Corporation (Bermuda)
Limited (the “Company”) has appointed you as a non-executive director. In addition, you are requested to Chair the Audit and Nomination Committees and serve as a member of the Remuneration Committee. I am writing to set out the terms of
your appointment. It is agreed that this is a contract for services and is not a contract of employment. 
 Appointment 
 Your appointment will be for an initial term of three years commencing on August 31, 2005, unless otherwise terminated earlier by and at the discretion of either
party upon one month’s written notice. Continuation of your contract of appointment is contingent on satisfactory performance and re-election at forthcoming AGM’s. Non-executive directors are typically expected to serve two three-year
terms, although the board may invite you to serve an additional period. 
 Time Commitment 
 Overall we anticipate a time commitment of one to two days per month. This time commitment will include attendance at quarterly board meetings, the AGM, preparation for
the meetings, the preparation for such meetings and incidental monthly board activities such as the approval of various resolutions. We plan to have quarterly board meetings (all board meetings will be held outside the U.S.) and concurrent with such
meetings, a meeting of the Audit Committee to review the financial results of the Company. For the convenience and depending upon the agenda, we may arrange for certain of these board meetings to be telephonic. In addition, between board meetings,
we will relay various board resolutions and other materials each month that require approval. 
 In addition to the above, we invite you to attend as many of
the road show presentations as you wish. In particular, given that you live in the UK, we hope that you might be able to attend some of the road show presentations in London. We will ask Collins Stewart to coordinate this activity with you and your
schedule. 
 By accepting this appointment, you have confirmed that you are able to allocate sufficient time to meet the expectations of your role. The
agreement of the chairman should be 









 
sought before accepting additional commitments that might impact on the time you are able to devote to your role as a non-executive director of the company.

 Role 
 Non-executive directors have the same general
legal responsibilities to the Company as any other director. The board as a whole is collectively responsible for the success of the company. The board: 
  

	 	•	 	Provides entrepreneurial leadership of the company within a framework of prudent and effective controls which enable risk to be assessed and managed; 

  

	 	•	 	Sets the company’s strategic aims, ensures that the necessary financial and human resources are in place for the company to meet its objectives, and reviews the management
performance; and 

  

	 	•	 	Sets the company’s values and standards and ensures that its obligations to its shareholders and others are understood and met. 

 All directors must take decisions objectively in the interest of the company. 
 In addition to these requirements of all directors, the role of the non-executive director has the following key elements: 
  

	 	•	 	Strategy. Non-executive directors should constructively challenge and help develop proposals on strategy; 

  

	 	•	 	Performance. Non-executive directors should scrutinize the performance of management in meeting agreed goals and objectives and monitor the reporting of performance;


  

	 	•	 	Risk. Non-executive directors should satisfy themselves on the integrity of financial information and that financial controls and systems of risk management are robust and
defensible; and 

  

	 	•	 	People. Non-executive directors are responsible for determining appropriate levels of remuneration of executive directors and have a prime role in appointing, and where
necessary removing, executive directors and in succession planning. 

 Fees 
 We have arranged to transfer 25,000 shares of the Company to your name. This shall be your compensation for the initial term. The Company will reimburse you for all
reasonable and properly documented expenses you incur in performing the duties of your office. 
 Outside Interests 
 It is accepted and acknowledged that you have business interests other than those of the company and have declared any conflicts that are apparent at present. In the
event that 









 
you become aware of any potential conflicts of interest, these should be disclosed to the chairman and company secretary as soon as apparent. 
 Confidentiality 
 All information acquired during your appointment is
confidential to the Company and should not be released, either during your appointment or following termination (by whatever means), to third parties without prior clearance from the chairman. 
 Your attention is also drawn to the requirements under both legislation and regulation as to the disclosure of price sensitive information. Consequently you should avoid
making any statements that might risk a breach of these requirements without prior clearance from the chairman. 
 Induction 
 Immediately after appointment, the Company will provide a comprehensive induction. This will include the information pack recommended by the Institute for Chartered
Secretaries and Administrators (ICSA), available at www.icsa.org.uk. We will also arrange for meetings with senior management and the Company’s auditors. We will also offer to major shareholders the opportunity to meet you. 

Review Process 
 The performance of individual directors and the
whole board and its committees is evaluated annually. If, in the interim, there are any matters which cause you concern about your role, you should discuss them with the chairman as soon as is appropriate. 
 Insurance 
 The Company is arranging for directors’ and
officers’ liability insurance and it is intended to maintain such cover for the full term of your appointment. As soon as this insurance is place, we shall provide a copy of the policy to you. 
 Independent Professional Advice 
 Occasions may arise when you
consider that you need professional advice in the furtherance of your duties as a director. Circumstances may occur when it will be appropriate for you to seek advice from independent advisors at the Company’s expense. Under such circumstances,
we request that you advise the chairman prior to engaging the advisor and the estimated costs thereof. The Company will reimburse the full cost of expenditure incurred. 








 Committees 
 There are
three committees of the board currently: the audit, remuneration and nomination committees. Currently, the Audit committee is the most active committee. Just prior to a business combination, the remuneration committee will increase its level of
activity as we will then begin to have employees once a business combination is completed. 
 Please sign this letter agreement, retain a copy for your
files, and return a copy to me via PDF file. 
  

	
	Sincerely,
	
	/s/ John D. Schiller, Jr.
	John D. Schiller, Jr.
	Chairman and Chief Executive Officer
	Energy XXI Acquisition Corporation (Bermuda) Limited

  

			
		
	Accepted: 	 	/s/ Bill Colvin
		 	Bill Colvin
	
	Date: 1 September 2005