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Scotia Howard Weil Energy Conference – Talos Energy Llc

Talos Energy Llc · Mar 26, 2019 · 24 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. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 1
    Scotia Howard Weil Energy Conference March 2019
  2. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 2
    Talos Energy Overview Talos Key Assets Company Overview Ewing Bank 306 Amberjack Talos is a technically driven, offshore focused oil and gas upstream company Field Exploration, acquisition and development of largely deepwater,…
  3. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 3
    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…
  4. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 4
    Long Term Value Creation Talos Energy represents an opportunity to invest in a positive free cash flow generating business in an underinvested basin, with an experienced management team with outstanding track record of delivering value…
  5. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 5
    Active in all Business Development Avenues Stranded Discovery Single Asset Acquisition Discoveries that are Low cost of entry on all metrics not material enough to justify Typically sold by Majors the construction of Sellers…
  6. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 6
    Talos Core Competencies & Focus Areas Geology & Geophysics Targeting prolific Pliocene Miocene window Excellent rock properties and advances in seismic lead to direct hydrocarbon indicators (DHIs) Reduce risk and increase…
  7. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 7
    Applying Best Practices to Improve Seismic Imaging 40 miles 2010 Original Spec. Cequi Beam Data Cox 1 Zama1 (Closest well that found the same Miocene section 40 miles away) Based on the reservoir thickness and rock…
  8. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 8
    Talos Energy Core Areas Key Highlights Talos current position is broken into the following four main core areas 3 2 1 Green Canyon (GC) Area 1 2 Mississippi Canyon (MC) Area 3 U.S. Gulf of Mexico Shelf 4 Offshore Mexico…
  9. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 9
    Green Canyon Core Area GC 18 Bulleit Prospect Fixed GC 65 Bullwinkle Antrim Orlov Prospect GREEN CANYON Phoenix GC 237 Phoenix Talos MOPU Complex Talos Tie Backs Green Canyon 18 Strategy in Motion Recent strategic…
  10. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 10
    Green Canyon Phoenix Complex Phoenix Field LayOut Material rate and reserve growth since acquiring Scalable infrastructure Successfully drilled and completed 4 subsea wells with toptier operational performance Drilled a…
  11. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 11
    Offshore Mexico Timelines and Milestones Ultra deepwater Talos acreage now surrounded by NOCs & Majors 900 meters Major Milestones PSC signed on Block 2 and Block 7 just 2 years following the Mexican Energy Reform First…
  12. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 12
    Mexico Block 7 Core Area Overview Participating Interest: 35% Operator: Talos Energy 2 & 2ST Acreage: 114,854 gross acres 1 Water Depth: 500650 ft 3 Zama Discovery Water Depth: 550 ft Zama Appraisal program has been approved…
  13. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 13
    Mexico Block 7 Zama Discovery Implications Seismic Line Amplitude/Structure Map Zama1: Gross Pay Section & MDT Gradient 0 3500 00 -3400 W E -2900 -3300 -4100 -3200 -2800 -3100 -4000 00 -39 -30 00…
  14. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 14
    Block 7 Zama Drilling Progress 1.4 Miles Offshore Mexico Offshore Mexico Zama Appraisal Highlights Block 7 Block 7 Zama2 DEL Zama1 SON BP1 Initial phase of the appraisal program was completed safely, 28 days ahead of schedule, and…
  15. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 15
    Block 7 Current Appraisal Plan Results Zama 1 Results Zama 2 Objectives Zama 3 Objectives Identified the OWC within 72 feet of the Evaluate the northern area extent of Zama technical estimate Evaluate the southern area extent of…
  16. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 16
    Zama One of the Lowest Breakevens in the World The Zama discovery stacks up well against WoodMacs new global sources of oil supply and is considered one of the most economic projects in the world Conventional preFID and future…
  17. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 17
    Mexico Block 2/31 Shallow Water Area Very attractive shallow water acreage set with Olmeca prospect derisked by Pemex well Block 2/31 Overview Participating Interest: 25%(1) Operator: Hokchi Energy(1), a subsidiary of Pan American…
  18. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 18
    Mexico Block 2/31 Acan Prospect Key Highlights Exploration well in 100 ft water depth Calibrated amplitude response indicates oil in main target Amplitude area covers approximately 1,380 acres Unproduced oil discoveries in…
  19. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 19
    Mexico Block 2/31 Olmeca Complex Exploration Background Xaxamani1 well Drilled by Pemex in 2003 65 ft gas and 130 ft oil pay in two sands Resource area was included in the Block 31 exploration area Just offshore from the 1950s era…
  20. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 20
    Talos Trades Below Proved Developed PV10 Talos trades below PV10 of PDP reserves of 2.5 billion LongTerm Portfolio Drilled in 3+ NearTerm Years Catalysts Drilled in 2 3 Discovered Years Resources 2P PV101,2 Zama 6,000…
  21. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 21
    APPENDIX 22
  22. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 22
    NonGAAP Reconciliation Reconciliation of net income Three Months Ended Twelve Months Ended December 31, 2018 (loss) to Adj. EBITDA and of Adj. December 31, 2018 EBITDA to Adj. EBITDA excluding As Reported As Reported Pro Forma…
  23. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 23
    NonGAAP Reconciliation Reconciliation of Net Debt Reconciliation of Annualized Adj. EBITDA in millions December 31, 2018 in millions December 31, 2018 3Q18 Adj. EBITDA 157 Debt Principal 672 4Q18 Adj. EBITDA 159 Capital Leases…
  24. Scotia Howard Weil Energy Conference – Talos Energy Llc – slide 24
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