Talos Energy Overview Talos is a technically driven offshore independent oil and gas company with significant track record of shareholder value creation through exploration success and accretive M&A. Talos consistently generates free…
US Gulf of Mexico Assets Poised for Growth Through our extensive seismic footprint and the latest advancements in reprocessing, Talos continues to develop its exploration portfolio around infrastructure and the established Miocene…
Gulf of Mexico Investment Thesis Why Gulf of Mexico WTI Differentials Better than WTI One of the most important and prolific oil basins in the US, second only to the Permian basin in total current oil production Long history of…
Talos Core Competencies and Focus Areas Geology & Geophysics 3 Targeting prolific Pliocene -- Miocene window 2 Excellent rock properties and advances in seismic lead to direct hydrocarbon indicators (DHIs) 1 Reduce risk and…
Applying Best Practices to Improve Seismic Imaging Talos Energy expertise in seismic reprocessing saves money, improves the ability to find new prospects and reduces risk. 40 miles 2010 Original Spec. Cequi Beam Data (Closest…
Talos Energy Core Areas GREEN CANYON MISSISSIPPI CANYON GOM SHELF / OTHER OFFSHORE MEXICO 2P Reserves1 95 mmboe 67 mmboe 35 mmboe - 1Q19 Production2 17.9 mboe/d net, 20.6 mboe/d net, 15.6 mboe/d net, - 84% oil 77% oil 56%…
Green Canyon Core Area GC 18 Facility Bulleit Prospect Bullwinkle Facility Orlov Antrim Phoenix GREEN CANYON Complex HP-1 Facility Talos Future tiebacks Green Canyon 18 Strategy in Motion Recent strategic acquisition…
Green Canyon Phoenix Complex Phoenix Complex Lay-Out Material rate and reserve growth since acquiring Recently drilled and completed Boris 3 and Tornado 3 Reached a production milestone in May 2019 of 43 MBoe/d Phoenix…
Active in All Business Development Areas Stranded Discoveries & Exploration, Development JVs Single Asset Acquisition Working with partners in Low cost of entry on all metrics deepwater plays to pull Typically sold by Majors…
Recent Business Development Activity Single Asset Acquisition Roll-Up of Private Company Single Asset Acquisition Stranded Discoveries & Expl., Dev. JVs RAM POWELL GREEN CANYON 18 GUNFLINT ANTRIM Seller: Shell, ExxonMobil, Seller:…
Mexico Block 7 Core Area In addition to Zama, Talos has other high quality prospects that could be drilled in the coming years. Overview 2 Participating Interest: 35% 2ST Operator: Talos Energy 1 Acreage: 114,854 gross acres…
Mexico Preliminary Timeline to FID 2 2ST 2019 2020 1 3 Zama Appraisal 2 2st 3 Development Plan & Opcom Approval FID Drilling Zama Unitization Unitization Discussion NSAI Development Plan Resource Evaluation Current Res Cat.…
Offshore Mexico Zama Appraisal Progress 1.4 Miles Offshore Mexico Offshore Mexico Block 7 Block 7 Zama-2 & 2ST1 Zama-1 Mexico Milestones & Zama Appraisal Highlights 2 2ST 1 Zama appraisal currently underway with two of three…
Block 7 Current Appraisal Plan Results Zama 2 Results Zama 2 ST1 Objectives Zama 3 Objectives Evaluate the northern area extent of Zama Identified the OWC within 72 ft (22m) of the Evaluate the southern area extent of Zama technical…
Zama Preliminary Appraisal Results DST Summary Talos Energy Multiple Drill Stem Tests (DSTs) Offshore Mexico Block 7 Zama-1 DST2 (Zone 3) Radius of Investigation Productivity confirmed, increasing confidence in Zone 3 2,330 ft…
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 US Lower 48 states and conventional…
Zama Illustrative Estimated Cash Flows First Year of Peak Production Illustrative estimated cash flows assumes first full year of production. Due to cost recovery early in the life of the project, cash flow to E&P consortium is…
Mexico Block 2/31 Shallow Water Area Very attractive shallow water acreage set with Olmeca prospect de-risked by Pemex well Block 2/31 Overview Participating Interest: 25% Operator: Hokchi Energy, a subsidiary of Pan American…
Mexico Block 2/31 Olmeca Complex Exploration Background Xaxamani-1 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…
2019 Financial Guidance 2019 Guidance 2019 Capital Expenditures Breakdown1 Oil (mmbbl) 14.5 15.2 Other, 16% U.S drilling & Natural Gas (bcf) 24.5 25.0 completions, 40% Production NGL (mmbbl) 0.9 1.0 Total (mmboe) 19.5 20.4 P&A, 14%…
Key Activities in 2019 Talos Energy has been extremely active in the first half of 2019 across its portfolio, with a high degree of success on key projects Geography Type / Block Asset Status Timing Results Tornado 3 On Production…
Talos Trading Below Proved Developed Producing PV-10 Talos trading below PV-10 of PDP reserves of 2.0 billion at 55/2.75 Long-Term Portfolio Near-Term Catalysts Drilled in 3+ 4,500 4,000 2P PV-101,2 Discovered Resources…
APPENDIX 27
Non-GAAP Reconciliations Reconciliation of net income (loss) to Adj. Three Months Ended EBITDA and of Adj. EBITDA to Adj. EBITDA excluding hedges ( in millions) September 30, 2018 December 31, 2018 March 31, 2019 Net Income (loss) 13…
Non-GAAP Reconciliations Reconciliation of 2H18 Annualized Adj. EBITDA Reconciliation of Net Debt in millions December 31, 2018 in millions December 31, 2018 3Q18 Adj. EBITDA 157 Debt Principal 672 4Q18 Adj. EBITDA 159 Capital…
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