Important Information for Investors and Shareholders Important Information for Investors and Shareholders This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of…
Who We Are Talos Energy is an innovative, industry-leading energy company Conventional offshore focus focused on Exploration & Production and Carbon Capture & Sequestration. Carbon capture leadership We are committed to leveraging…
Building the Energy Company of Tomorrow GROWTH ADVANCEMENT A COMPLETE IN UPSTREAM OF CCS ENERGY COMPANY Providing safe and Executing large-scale Producing the energy responsible conventional decarbonization solutions needed today and…
Expansive Operational and Geological Footprint 2023 Exploitation River Bend Focus Area Emerging CCS CCS Site Bayou Bend Opportunities CCS Site Pompano Ram Powell Freeport LNG Amberjack CCS Site GC18 Talos Acreage High…
3Q 2022 Highlights Advancing key catalysts while achieving the best credit profile in company history 40 million in Adjusted Free Cash Flow (266 million YTD) Record liquidity (800 million) and leverage (0.8x) 140 million in RBL…
The Gulf of Mexico A Significant National Resource One of the largest, most diverse and most prolific basins on Earth Top U.S. Basins by Daily Oil Production Large-Scale Operations from Majors, Independents, Privates 4,500 500…
A Leading Environmental & Emissions Story GOM Deepwater is an emissions-leading basin; Talos is advancing its long-term GHG goals GHG Intensity by Global Resource Type Talos Scope 1 GHG Intensity Targets (MT CO2 Equivalent/MBoe) (Gross…
2022 ESG & TCFD Report Highlights Increased alignment with UN SDGs, GRI, and SASB 2022 ESG REPORT Reporting First ever Climate Risk & Opportunities report aligned with TCFD Expanded ESG Reporting: NOX/SOX/VOC emissions, energy…
Positive Impacts from the Inflation Reduction Act Offshore Lease Sale Implications VK 988 Ram Powell Reinstates winning bids from Lease Sale 257 MC 68 Pompano Talos was one of most active bidders (high bidder on 10 blocks totaling…
Catalysts Driving Future Value Creation Development & Access to major catalysts Exploration Pipeline is a unique differentiator for Talos and provides the basis for exceptional Unprecedented long-term value creation M&A Opportunity…
Talos Approach to Organic Drilling Opportunities Regional Seismic Database Talos utilizes seismic technology 3 and M&A to build value through High- Value- Focused M&A drilling opportunities across Impact Exploration the full…
Current Drilling Inventory Locations Ram Powell Pompano Project Inventory Amberjack 30 Development 36 97 Projects Exploitation Exploration 2022 Pompano 31 Rig Program Coelacanth Delta House 2022 Open Talos Facility GC…
Lime Rock & Venice Discoveries Key Highlights Talos acquired Ram Powell in 2018; Lime Rock / Ram Powell field had produced 250 MMBOE Venice Executed multiple asset management projects to increase production, reduce costs Venice…
Lime Rock Discovery Exploitation Upper Miocene Exploitation Discovery Key Data Points Seismic Overview Spud Date 4Q 2022 Lime Rock Wellbore Expected First Oil 1Q 2024 Est. Resource (Gross MMBOE) 10 15 (48% Oil) M66 Sand 78 net pay…
Venice Discovery Exploitation Exploitation Discovery Identified via Advanced Seismic Analysis Key Data Points Seismic Overview Venice RAM POWELL Spud Date 4Q 2022 Wellbore FIELD Expected First Oil 4Q 2023 Est. Resource (Gross MMBOE)…
M&A Track Record and Opportunity Set Talos has a solid history of successful acquisitions and is well-positioned to execute on future opportunities Talos Track Record Current M&A Landscape 12 acquisitions since inception 100 billion in…
EnVen Transaction Overview Petronius Pompano Amberjack Contiguous operated asset portfolio provides hand-in-glove fit in deepwater Ram Powell Cognac Gulf of Mexico core areas Lobster Transaction closing expected by early…
Applying Expertise Towards CCS Complementary Skill Sets E&P CCS Conventional Reservoir Expertise, G&G Team Significant Gulf Coast / GOM Presence Vast Seismic Database Established Operator & Project Mgmt. Capabilities Strong…
2023 CCS Goals Fortifying, Expanding and Advancing the Business Enhance existing portfolio and increase storage capacity in existing project areas Expand partnerships in existing project areas Progress permitting and front-end…
Talos CCS Project Portfolio: 800 Million MT CO2 Storage Supporting 150 MTPA of regional emissions on 80,000 acres 3 1 River Bend (30%) Gulf of 2 Bayou Bend Mexico (25%) Freeport LNG (50%) Coastal Bend (50%) 1. Bayou Bend…
Bayou Bend CCS Beaumont Key Highlights Countrys first and only major offshore CCS project, Sabine operated by Talos Lake High volume of major emissions sources in close Port Arthur proximity to storage site lease 30 MM MTPA…
Illustrative CCS Commercial & Economic Considerations Large-scale projects and contracted cash flows with high visibility Incentives Estimated Capture Cost by Industry (/tonne) Federal tax credits and direct pay provisions 100 New,…
Beyond Net Zero PERMANENTLY Executing Decarbonization for Industrial Partners SEQUESTERED CO2 (MMTPA) At full scale, Talos CCS will permanently sequester 50x the annual emissions of its 20.0+ Upstream operations Talos CCS plans to…
Financial Principles We aim to maximize shareholder value through disciplined investments, healthy credit and responsible risk management. Our key financial principles include: Appropriate capital reinvestment with positive Adjusted…
Non-GAAP Reconciliations Three Months Ended ( thousands, except per Boe) September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 Reconciliation of net income (loss) to Adjusted EBITDA: Net Income (loss) 250,465 195,141…
Non-GAAP Reconciliations ( thousands) September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 Reconciliation of Adjusted EBITDA to Adjusted Free Cash Flow (before changes in working capital) Adjusted EBITDA 197,560 250,777…
Non-GAAP Reconciliations September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 Reconciliation of Net Debt ( thousands) 12.00% Second-Priority Senior Secured Notes due January 2026 650,000 650,000 650,000 650,000 7.50%…
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