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Combination of Talos Energy and Stone Energy – Stone Energy Corp.

Stone Energy Corp. · Nov 24, 2017 · 14 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 1
    Combination of Talos Energy and Stone Energy November 2017
  2. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 2
    Transaction Overview November 2017 100% stock transaction 34.16 MM shares issued to Talos (20.06 MM Stone shares, 54.22 MM total shares) Transaction Terms Combined company initial Equity Value of 1,900 MM (1) Combined company…
  3. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 3
    Strategic Rationale for Combination November 2017 Positioned to be the Partner of Choice for drilling and acquisition opportunities with scale, a high performing technical team and a strong balance sheet Leading Pure-Play…
  4. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 4
    Talos Pro Forma Overview Gulf of Mexico Region Talos Pro Forma Overview November 2017 Ewing Bank 305 Field Strip Proved Reserves (1) 135 MMBoe Production: 1.6 MBoe/d Amberjack Strip 2P: 3 MMBoe Production: 2.6 MBoe/d Strip 2P…
  5. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 5
    Talos and Stone are Stronger Together November 2017 Stone Talos Talos Pro Forma High quality production base Experienced management Expanded portfolio with shallow decline curve and team with successful diversification reduced…
  6. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 6
    Pro Forma Capital Structure and Liquidity November 2017 Key Notes Pro Forma Capitalization as of 9/30/2017 ( in millions) Talos Pro Forma Stone to issue 34.2 MM shares to Talos for 63% Talos pro forma ownership Cash and Cash…
  7. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 7
    Well Positioned Relative to Offshore Peers and Onshore Basins Talos Pro Forma vs. Offshore Peers Talos Pro Forma vs. Onshore Oil Basins November 2017 2017E EBITDA Margins (/Boe) (1) 2017E EBITDA Margins (/Boe) (1) Mean = 21.60…
  8. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 8
    Experienced Management Team with Successful Track Record November 2017 Years of Name Position Prior Companies Experience Key executives have worked together since 2000 and Timothy S. President & provided attractive returns to…
  9. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 9
    Benefits of Combined Business November 2017 Talos Pro Forma Talos Pro Forma Asset Locator Map Reserves Strip Proved Reserves (MMBoe) 135 Talos Acreage Strip 2P Reserves (MMBoe) 172 Stone Acreage Strip Proved PV-10 (MM) (1)…
  10. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 10
    Phoenix Complex Typhoon, Boris and Tornado Fields November 2017 Gross Remaining Potential (MMBoe) PDP 35 PDNP 25 PUD 146 Performance Probable 55 Discovered Resource 25 Near-Term Catalysts 15 42 Long-Term Portfolio Total:…
  11. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 11
    Pompano/Cardona Fields & Offset Opportunities November 2017 Pompano Highlights VK989 VK990 Pompano 100% owned infrastructure in 1,300 of water Current Field Production of 11.5 Net MBoe/d Field Cardona 2017E LOE & PHA (/Boe):…
  12. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 12
    Mexico Block 7 Zama Discovery Overview November 2017 Key Notes Zama-1 Well full stack reprocessed Named Top-15 Global well in 2017 (pre-drill) seismic data in depth Talos maintains a 35% WI in Zama Zama-1 Well Quickest well…
  13. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 13
    Talos Pro Forma Net Asset Value Long-Term Portfolio November 2017 Near-Term Deepwater Portfolio Catalysts (2 years) Mexico Portfolio Acquisitions and other international opportunities Discovered Resources Derbio Lindsey…
  14. Combination of Talos Energy and Stone Energy – Stone Energy Corp. – slide 14
    Strategic Rationale for Combination November 2017 Positioned to be the Partner of Choice for drilling and acquisition opportunities with scale, a high performing technical team and a strong balance sheet Leading Pure-Play…

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