Leadership Team Highly experienced Management Team, with a significant track record of creating superior returns for investors Name Position Prior Companies Years of Experience Key executives have Chief Executive worked together…
Long Term Value Creation Talos Energy represents an opportunity to invest in a positive free cash flow generating business in an underinvested basin, with a basinleading management team with a bestinclass track record of delivering…
Snapshot of Talos Energy Talos Key Assets Corporate Snapshot Pro Forma (PF) Proved Reserves (1) 151 MMBoe 2P Reserves (1) 205 MMBoe Ewing Bank 305 Field Proved PV10 (1)(2) 2,421 MM Amberjack 2P PV10 (1)(2) 3,435 MM Strip Proved…
Gulf of Mexico Investment Thesis 1 One of the most important and prolific oil basins in the US, second only to the Permian basin in total current oil production 2 Long history of production, with yearoveryear production growth since…
Premium Crude Sales Market and Realized Prices Talos Energy Sales Pricing Talos Energy Sales Pricing Other 1% LLS Compared to the Permian basin and other onshore 7% premium basins, the Gulf of Mexico tends to afford a much more…
TopTier Economics in the Deepwater GoM GoM Project Economics Comparable to US Shale Oil 100 80 Breakeven (WTI US/bbl) 60 40 20 Majority of Talos acreage in the highly economical Miocene play in the GoM Average…
Deepwater Project Economics ENSCO 8503 on InField Phoenix Well Risked Deepwater Project IRRs at 50 70/bbl 100% 90% 80% Unrisked Success Case 70% Price Sensitivity 50 70 60% IRR, % 50% 40% 30% 20% 10% 0% 5 10 15…
Deepwater Development Project Tornado 3 Arbitrary Seismic Line Along Tornado 3 Drill Path GC 281 002 ST01 (Tornado 2 ST PDP) Tornado 3 (PROPOSED PUD) GC 281 002 (Downthrown Discovery) o o o Downthrown o o Discovery…
Mississippi Canyon Complex (Pompano, Cardona, Amberjack) Pompano MC 28 004 Pompano Mt. Providence Platform A-15 ST Mt Silverthrone MC28 Prop 5 A-25 ST Mt. Hunter Mt. Bona Ram Powell MC28 4 Pompano Mt. Providence Amberjack…
Mt. Providence Development Well Success MC 28 4 Key Notes M83A Structure Map Drilled the Mt. Providence MC 28 004 well safely and on budget Logged full to base oil pay with a total net thickness similar to Lowest predrill…
Offshore Mexico Strategic Context Macro View Mature offshore basin with significant production Talos was the first foreign operator to enter offshore Single operator was historically tasked with discovering Mexico in Round 1.1 after…
Mexico Bid and Lease Progression After Round 1.1 July 2015 After Round 3.1 March 2018 Key Operators Key Operators Pemex Exxon Repsol Talos Shell Murphy Chevron Pan American BP DEA Total Cairn As a firstmover in offshore ENI…
Zama Comparison to Appomattox Appomattox Development (US Deepwater GoM) Zama Development (Offshore Mexico) www.shell.com/aboutus/majorprojects/appomattox Discovery Overview1,2 Discovery Overview Discovered 530 ft gross/425 ft net…
Zama Expected Development Timeline Appraisal & FEED Fabrication Dev Drilling Activity 2019 2020 2021 2022 2023 Appraisal Drill 3 wells w/studies FEED Design Facilities Fabrication/Install Platform A Platform B C Development…
2018 Pro Forma Full Year Guidance(1) and 2019 Outlook 2018 Pro Forma Full Year(1) 2018 Capital Breakdown Oil (mmbbl) 12.5 13.5 Mexico Exploration Natural Gas (bcf) 27 30 1% Mexico Appraisal Production NGL (mmbbl) 0.9 1.0 4%…
Net Asset Value(1)(2) Talos Energy trades significantly below its peer group on a NAV basis (3) Mexico LongTerm Portfolio 12 Locations and 1 Discovery NearTerm 250 550 MMBOE(4) Catalysts 38 Locations 200 500 MMBOE(4)…
Talos Trades at a Discount to Peers on Net Asset Value 1.60 Mean = 0.92 1.40 1.37 1.20 Enterprise Value / NAV (x) 1.00 1.00 0.90 0.91 0.85 0.81 0.80 0.61 0.60 0.40 0.20 0.00 Talos Permian Intl Offshore…
Well Positioned Relative to both Offshore and Onshore Peers 2017 EBITDA(1) Margins (/Boe) Mean =22.58 31.20 28.16 24.95 24.93 24.18 21.22 20.58 13.62 TALO 1Q 18 Inlt Offshore Bakken Permian TALO 2017 Large Cap MidCap Other…
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