Pareto Oil & Offshore Conference Oslo, Norway September 2018
Snapshot of Talos Energy Talos Key Assets Corporate Snapshot Pro Forma (PF) Proved Reserves (1) 151 MMBoe 2P Reserves (1) 205 MMBoe GoM Shelf Amberjack Proved PV10 (SEC pricing) (1)(2) 2,421 MM 2P PV10 (SEC pricing) (1)(2) 3,435…
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…
Talos YeartoDate Results and Guidance(1) 2018 ProForma Results 2018 Full Year ProForma Guidance Q2 2018 ProForma Production of 51.6 mboe/d Oil (mmbbl) 12.5 13.5 Natural Gas (bcf) 27 30 Production NGL (mmbbl) 0.9 1.0 1H 2018…
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…
Existing Infrastructure Creates Compelling Project Economics RAM POWELL POMPANO Pompano Cardona Template Malcolm AMBERJACK Audubon Praline Rampart Deep InField and Short TieBack Examples (Pompano Platform) Pompano Key…
Deepwater Project Economics ENSCO 8503 on InField Phoenix Well Deepwater Project IRRs at 50 70/bbl 100% 90% Price Sensitivity 80% 50 70 70% 60% IRR, % 50% 40% 30% 20% 10% 0% 5 10 15 20 EUR, MMBO (with a GOR of…
US Gulf of Mexico Assets Poised for Growth Through our extensive seismic footprint and the latest advancements in reprocessing, Talos will continue to develop our exploration portfolio around our infrastructure and the established…
Green Canyon 18 Whistler Acquisition Regional Map Green Canyon Corridor GC 18 Production Facility Strategic infrastructure in our core Green Canyon area with tieback potential in nearby prospects and a potential alternative host…
Talos Lease Sale Results Regional Map with August 2018 Lease Sale Results Highlights Fifth most active bidder in the August 2018 lease sale; bids totaling 5.3MM High bidder on 14 blocks (75,000 ac.) covering 8 prospects plus two…
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…
Mexico Zama Appraisal Plan Zama Main Reservoir Structure Map with Amplitude Overlay A Seismic Line (AA) A 440500 441000 441500 442000 442500 443000 443500 444000 444500 445000 445500 446000 446500 2089500 2089500 -3700 -4300…
Zama Comparison to Appomattox Appomattox Development (US Deepwater GoM) Zama Development (Offshore Mexico) https://www.shell.com/aboutus/majorprojects/appomattox.html Discovery Overview1,2 Discovery Overview Discovered 530 ft…
Mexico Portfolio Development Additional Prospects Block 2 48,180 acres 50% Participating Interest Block 7 115,255 acres 35% Participating Interest Prospect to be tested in 1Q 2019 Prospect to be drilled in 2Q 2019…
Talos Energy Net Asset Value(1)(2) Talos Energy trades significantly below its peer group on a NAV basis Mexico LongTerm Portfolio 12 Locations and 1 Discovery NearTerm 250 550 MMBOE(3) 2P Core NAV Catalysts 38…
Well Positioned Relative to both Offshore and Onshore Peers 2018 Q2 EBITDA(1) Margins (/Boe) Mean =29.06 37.31 30.87 29.30 28.86 26.93 26.06 24.06 Int'l Offshore Bakken Talos Permian Large Cap MidCap Other GoM Oil (% of…
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