EnerCom The Oil and Gas Conference Mexico Panel August 2018
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 Amberjack Proved PV10 (1)(2) 2,421 MM 2P PV10 (1)(2) 3,435 MM Strip…
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) 2P Core NAV Catalysts 38 Locations (net…
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 GOM Assets With a significant seismic footprint in offshore Mexico and access to proprietary reprocessing, Talos can leverage deal flow in the offset acreage and study the regional geology as we mature our exploration portfolio…
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…
Mexico Portfolio Development Additional Prospects Block 2 48,180 acres 45% working interest Block 7 115,255 acres 35% working interest Prospect to be tested in 1Q 2019 Prospect to be drilled in 2Q 2019 Stranded discovery…