talos pompano platform

Additionally, Talos will host its first-ever analyst and investor event on Thursday, March 12, 2020 at 2:00 PM Eastern Time, during which members of Talos's management team will discuss the Company's strategic and execution milestones, assets, portfolio and future outlook for the business, among other topics. The hosting of third-party wells is an integral part of Talos's strategy of utilizing available capacity on its existing production facilities to generate additional cash flows through production handling fees, paid by third-parties, and sharing the existing fixed operating costs. The combined Talos team completed the well and hooked it up to the 100% Talos owned Pompano platform in the Company's Mississippi Canyon complex within six … Talos owns 100% of the Mt. Additionally, the Company is working on permits for a potential drilling campaign of additional exploration opportunities on Block 7 in 2021. There will be four PLEMs, four 1 km (0.66 mi) 30-inch pipelines (two per PLEM) that will connect platform and PLEMs. All forward-looking statements, expressed or implied, are expressly qualified in their entirety by this cautionary statement. The combined Talos team completed the well and hooked it up to the 100% Talos owned Pompano platform in the Company’s Mississippi Canyon complex within six … • GC18 Facility: connect the Talos operated Bulleit well, in which the Company owns a 50% working interest. The well was drilled in January by Stone Energy Corp. prior to the closing of its merger with Talos. Lastly, Talos is participating in additional geological and geophysical studies related to the Company's 2019 Xaxamani oil discovery on Block 31. These risks include, but are not limited to, commodity price volatility, inflation, lack of availability of drilling and production equipment and services, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating reserves and in projecting future rates of production, cash flow and access to capital, the timing of development expenditures, access to or downtime at third-party infrastructure, potential adverse reactions or changes to business or employee relationships, competitive responses, generally, including those discussed under the heading "Risk Factors" in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q  and other filings with the Securities and Exchange Commission. The Company defines free cash flow after debt service as net cash from operations less capital expenditures, dividends and cash interest paid. Our estimates are based on certain other assumptions, such as well performance, which may vary significantly from those assumed. Providence is one of several drilling locations being developed through our team's efforts utilizing sophisticated reservoir modeling and recent vintage wide azimuth 3D seismic that has undergone proprietary reprocessing, Production from Pompano, including the Mt. Providence well was successfully drilled in January 2018 by Stone Energy Corporation after entering into, but before closing, the combination with Talos. Gross production from Mt. Providence is a subsea well drilled in the Mississippi Canyon Block 028 (MC 028) at a water depth of approximately 1,850 ft. Providence well. The U.S. Drilling & Completions ("US D&C") category accounts for the majority of the planned capital expenditures in 2020. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Production and Expenses from Acquired Assets only included from March 1, 2020 onwards, Inclusive of all Lease Operating Expenses and Workover and Maintenance, Excludes non-cash equity-based compensation, EXPECTED ACQUISITION CLOSING DATE AND IMPACT TO 2020 GUIDANCE. Puma West (25% working interest – non-operated): plans are being developed to return to the prospect later this year with a slightly modified casing design to continue drilling the well through the main objectives in the Middle and Lower Miocene to a total true vertical depth of approximately 25,200 feet below the seabed. If successful, first oil is expected in 2021. Mt. Find out what works well at Talos Energy from the people who know best. As a result of success across multiple targets, Talos has elected a dual completion to allow for simultaneous production of … Claiborne #3 (25% working interest – non-operated): this well was spud in January of 2020 and first production is expected at the end of the second quarter of 2020. A live webcast of the analyst and investor event and accompanying presentation materials will be available on the Company's website at https://www.talosenergy.com/investors. 5 – 2.0 MBoe/d and is already accounted Reserve engineering is a process of estimating underground accumulations of oil, natural gas and NGLs that cannot be measured in an exact way. Providence is a subsea well drilled in the Mississippi Canyon Block 028 (MC 028) at a water depth of approximately 1,850 ft. When used in this communication, the words "could," "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. View original content to download multimedia:http://www.prnewswire.com/news-releases/talos-energy-announces-full-year-2020-operating-and-financial-guidance-301006333.html. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Houston Texas Photographer David Duncan with David Duncan Photography captures images for Image Libraries Annual Reports Corporate Clients Energy Industrial Companies Compare pay for popular roles and read about the team’s work-life balance. The total full year production impact of the planned downtime is approximately 1.5 – 2.0 MBoe/d and is already accounted for in the production guidance. The first well in the program is expected to spud at the end of the first quarter with first production planned for the third quarter of 2020. Ram Powell Facility: connect the third-party Stonefly subsea development. Our activities in offshore Mexico provide high impact exploration opportunities in an oil rich emerging basin. Significant positive 2020 free cash flow at $50.00/bbl WTI and $2.00/MMBtu Henry Hub, as Talos expects to benefit from strong margins and premium pricing to WTI. You must click the activation link in order to complete your subscription. By providing your email address below, you are providing consent to Talos Energy to send you the requested Investor Email Alert updates. Please allow extra time prior to the webcast to visit the website and download any software that may be needed to listen to the live webcast. Talos Energy Inc. (TALO) FORM 8-K ... rate of approximately 3,000 to 5,000 barrels of oil equivalent per day and will be tied back to the 100% Stone owned Pompano platform … Pompano Facility: connect the third-party Praline subsea development. After submitting your request, you will receive an activation email to the requested email address. HOUSTON, July 19, 2018 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that the Mt. The production, transportation and marketing of oil and gas are subject to disruption due to transportation and processing availability, mechanical failure, human error, hurricanes and numerous other factors. These risks include, but are not limited to, commodity price volatility, inflation, lack of availability of drilling and production equipment and services, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating reserves and in projecting future rates of production, cash flow and access to capital, the timing of development expenditures,  potential adverse reactions or changes to business or employee relationships resulting from the business combination between Talos Energy LLC and Stone Energy Corporation, competitive responses to such business combination, the possibility that the anticipated benefits of such business combination are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies, litigation relating to the business combination, and other factors that may affect our future results and business, generally, including those discussed under the heading "Risk Factors" in our final consent solicitation statement/prospectus, dated April 9, 2018, filed with the Securities and Exchange Commission pursuant to Rule 424(b)(3) under the Securities Act. Providence well. We expect the variability of these items to have a significant, and potentially unpredictable, impact on our future GAAP financial results. Talos will release fourth quarter and full-year 2019 results for the period ended December 31, 2019 on Wednesday, March 11, 2020 after the U.S. financial market closes. The well is being drilled from the Talos-operated East Cameron 345 platform, and, if successful, will generate near-term production growth. Total Capital Expenditures and Plugging & Abandonment. Shut-ins associated with these projects included in the 2020 production guidance include: The total full year production impact of the planned downtime is approximately 1.5 – 2.0 MBoe/d and is already accounted for in the production guidance. Providence well began producing on July 10, 2018, approximately 60 days ahead of the originally scheduled completion date in early September. This communication contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements, expressed or implied, are expressly qualified in their entirety by this cautionary statement. We expect to achieve this balance by continuing to invest in our core business of infrastructure-led development and exploitation projects while exposing a portion of our capital program to high-impact catalysts. Talos owns 100% of the Mt. Sergio Maiworm+1.713.328.3008investor@talosenergy.com, CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS. “The combined Talos team completed the well and hooked it up to the 100% Talos owned Pompano platform in the company’s Mississippi Canyon complex within six months of concluding drilling operations,” Talos said in the release. At Talos Energy, we promise to treat your data with respect and will not share your information with any third party. Providence is 93%, assuming a $60 per barrel of oil flat, The Pompano field began production in 1994 and has produced over 190 million barrels of oil equivalent ("MMBoe") of gross production to date. The combined Talos team completed the well and hooked it up to the 100% Talos owned Pompano platform in the Company's Mississippi Canyon complex within six months of concluding drilling operations. The Talos-operated Phoenix complex, which consists of the Typhoon, Boris and Tornado assets, recently reached a production milestone of 40.0 thousand barrels of oil per day gross in early May following the drilling, completion, and connection of two recent subsea wells, Tornado 3 and Boris 3. Talos owns 100% of the Mt. GC18 platform rig (100% working interest – operated): drilling two to three wells utilizing a platform rig at the Talos-owned Green Canyon 18 platform. As of February 18, 2020, the Company's consolidated hedge position included: ANALYST & INVESTOR EVENT AND YEAR-END 2019 EARNINGS CALL. This benefit will manifest itself as a purchase price reduction at closing. Gunflint #5 (9.6% working interest – non-operated): this drilling location was recently identified, and will provide upside to the economics of Talos's January 2019 acquisition of Gunflint. Tornado water flood (65% working interest – operated): drilling the Tornado 4 subsea injector well that includes two completions: one completion in a known regional aquifer above the Tornado producing sands and a second completion in the Tornado pay sand. The planned infill wells were identified by Talos as a result of the Company's initial round of seismic reprocessing within the field leases. Alternatively, the conference call can be accessed by dialing 1-888-348-8927 (U.S. toll-free), 1-855-669-9657 (Canada toll-free) or 1-412-902-4263 (International). All statements, other than statements of historical fact included in this communication, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. The platform rig allows for a facilities www.talosenergy.com Should one or more of these risks occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. With a six month turnaround from completing drilling operations to first production, the team executed this project well ahead of schedule. Providence subsea well, which is tied into the existing Pompano Phase II subsea template located approximately 5 miles from the Pompano platform, which is also owned 100% owned by Talos; The expected IRR from Mt. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. The GC18 field, originally developed by ExxonMobil, has cumulatively produced over 100.0 MMBoe since being brought online. We will continue to focus on safely and efficiently executing other opportunities in on our subsea tieback portfolio. Fourth quarter 2017 volumes were affected by five days of downtime from Hurricane Nate and a ten day planned shut-in of the Pompano platform in November to replace a compressor engine. The Pompano Field’s three current subsea systems are tied back to a fixed leg platform with a total of 23 active wells. Providence subsea well, which is tied into the existing Pompano Phase II subsea template located approximately 5 miles from the Pompano platform, … Talos Energy (NYSE: TALO) is a technically driven independent exploration and production company focused on safely and efficiently maximizing cash-flows and long-term value through our operations, currently in the United States Gulf of Mexico and offshore Mexico. When used in this communication, the words "could," "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Talos holds a 100.0% working interest in the well. Amberjack. In offshore Mexico, we continue to stay focused on moving Zama forward towards final investment decision and also integrating the data we gathered during our successful Xaxamani discovery on Block 31. Sergio Maiworm+1.713.328.3008investor@talosenergy.com, CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS. If you experience any issues with this process, please contact us for further assistance. We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. Providence well was drilled in January 2018 by Stone Energy after entering into, but before closing, the combination with … Up to two additional high-impact projects expected in 2020: projects currently going through permitting stages and specifics will be announced as these plans are finalized. Offshore components include two bi- directional 74 km (46 mi) 36-inch pipelines connecting the Oyster Creek terminal to an eight-pile fixed platform situated in a water depth of 35 m (115 ft). Stone Energy’s Interim Chief Executive Officer and President James M. Trimble said the acquisition of the Ram Powell field would support the strategies associated with the previously announced combination with Talos Energy. View original content with multimedia:http://www.prnewswire.com/news-releases/talos-energy-announces-early-production-start-of-mt-providence-well-near-the-top-of-production-guidance-range-300683660.html. Please dial in approximately 10 minutes before the teleconference is scheduled to begin and ask to be joined into the Talos Energy call. In particular, reconciliation of projected free cash flow to net cash provided by operating activities is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures such as the measures and effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price and other non-recurring or unusual items such as impairment charges, transaction-related costs and gains or losses on sales of assets. Providence and the Pompano Field. Providence well. 2020 Henry Hub swaps of approximately 5.9 million MMBtu of gas at a weighted average price of $2.78 per MMBtu. In addition, the results of drilling, testing and production activities may justify revisions of estimates that were made previously. The Company expects to continue to maintain its low leverage metrics. Talos expects that the biggest impact will be in the second quarter of 2020, with an approximate production deferral of 3.0 – 3.5 MBoe/d in the quarter, but all four quarters of the year will be impacted by some level of downtime. Talos halted output at its Ram Powell, Amberjack and Pompano platforms, Exxon its Lena platform and Chevron Corp CVX.N curtailed its Petronius platform. President and Chief Executive Officer Timothy S. Duncan commented, “We are extremely pleased with the results achieved in the Mt. Bulleit (50% working interest – operated): completion and tieback to the GC18 platform, with first production expected in the third quarter of 2020. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, to reflect events or circumstances after the date of this communication. Providence Well Near The Top Of Production Guidance Range, http://www.prnewswire.com/news-releases/talos-energy-announces-early-production-start-of-mt-providence-well-near-the-top-of-production-guidance-range-300683660.html. Pompano Facility: connect the third-party Praline subsea development. • Pompano Facility: connect the third- party Praline subsea development. Furthermore, the Company expects free cash flow in excess of $100.0 million at $55.00/bbl WTI and $2.50/MMBtu Henry Hub commodity prices. Tornado 4 is expected to be drilled in the second quarter before the Bulleit completion and tieback operations. The platform rig allows for a shortened turnaround from drilling to first production by utilizing dry trees … The Company also announced that it expects to close the previously announced acquisition of affiliates of ILX Holdings, among other entities (the "Acquired Assets", the "Acquisition", or the "Transaction"), on February 28, 2020. We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. Current gross production of 3,850 barrels of oil equivalent per day ("Boe/d"), which is near the top of the previously announced guidance range of 2,000 to 4,000 Boe/d. You can sign up for additional alert options at any time. Our team's preparation allowed us to take advantage of earlier rig availability to exceed expectations on timing. Talos is a technically driven independent exploration and production company with operations in the United States Gulf of Mexico and in the shallow waters off the coast of Mexico. A replay of the call will be available one hour after the conclusion of the conference through March 19, 2020 and can be accessed by dialing 1-877-344-7529 and using access code 10139354. The shallow waters off the coast of Mexico provide us high impact exploration opportunities in an emerging basin. On a full year pro forma basis, if Talos were to assume the contribution from the Acquired Assets beginning January 1, 2020, the total daily average production guidance for the year would have been approximately 70.0 – 73.5 MBoe/d, inclusive of planned deferrals. The production mix for the fourth quarter of 2017 was approximately 72% oil, 21% natural gas, and 7% natural gas liquids (“NGLs”), on an equivalent basis. Platform Rig Contract: Talos has contracted the Helmerich & Payne 100 platform drilling rig for near-field development and exploitation drilling opportunities surrounding the Company's Green Canyon 18 facility, with the option thereafter of similar projects at the Pompano and Amberjack facilities. The proposed expenditures are primarily focused on the Pompano platform rig development program and … By accessing the regional aquifer, the intra-well water injection does not require any subsea or topside modifications. Providence subsea well, which is tied into the existing Pompano Phase II subsea template located approximately 5 miles from the Pompano platform, which is also owned 100% owned by Talos; The expected IRR from Mt. 2020 WTI swaps of approximately 6.5 MMBbl of oil at a weighted average price of $56.21 per barrel; 2020 WTI collars of approximately 2.7 MMBbl of oil at a weighted average floor and ceiling prices of $55.00 and $64.23 per barrel, respectively; 2021 WTI swaps of approximately 0.7 MMBbl of oil at a weighted average price of $54.63 per barrel; and. Offshore Mexico: includes the front-end engineering and design ("FEED") work related to the Talos-operated Zama discovery on Block 7. Below is a further breakdown of the types of projects Talos will invest in 2020, as a percentage of US D&C. The production sales volumes, as guided, include certain Talos-owned facilities' shut-ins, each related to operations necessary to connect and host new Talos and third-party subsea wells, operations necessary to mobilize and de-mobilize a platform rig on the Green Canyon 18 ("GC18") platform, and general preventative maintenance on different facilities. This project is part of the Transaction that Talos expects to close on February 28, 2020; therefore, the capex and production associated with the project will be reflected in Talos's financials from March 1, 2020 onwards. Continued focus on cost control on all aspects of the business, with cash general and administrative ("G&A") expenses expected to be below $3.00 per Boe. You can sign up for additional alert options at any time. ", About Mt. The 1,565 ft tall, 40 slot platform on BP's five tract Pompano oil and gas development project rests in 1,290 ft of water on Viosca Knoll Block 989, about 120 miles southeast of New Orleans. ", 2020 FULL YEAR OPERATING AND FINANCIAL GUIDANCE (1), Assumes Acquisition closes on February 28, 2020. Should one or more of these risks occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. HOUSTON, July 19, 2018 /PRNewswire/ -- Talos Energy Inc. ('Talos' or the 'Company') (NYSE: TALO) today announced that the Mt. Providence subsea well, which is tied into the existing Pompano Phase II subsea template located approximately 5 miles from the Pompano platform, which is also owned 100% owned by Talos, The expected IRR from Mt. Gross production from Mt. Pro forma reserves estimated and compiled by Talos reservoir engineers. The water flood is expected to help arrest natural declines, add production and materially enhance ultimate recovery of the Tornado field within the broader Phoenix complex. President and Chief Executive Officer Timothy S. Duncan commented, "We are extremely pleased with the results achieved in the Mt. • Platform Rig Contract:Talos has contracted the Helmerich & Payne 100 platform drilling rig -for nearfield development and exploitation drilling opportunities surrounding the Company’s Green Canyon 18 facility, with the option thereafter of similar projects at the Pompano and Amberjack . This technique will allow for intra-well flow between the aquifer and the producing horizon, providing a natural source of water and reservoir energy to the Tornado 1 and Tornado 2 subsea wells. Asset Management: consists of 15 to 20 low-cost projects on our current producing assets to offset field declines and improve profitability across selected facilities. GC18 Facility: connect the Talos operated Bulleit well, in which the Company owns a 50% working interest. Free cash flow after debt service is a supplemental non-GAAP financial measure used by management and external users of the Company's financial statements, such as industry analysts, investors, lenders and rating agencies. Providence is … A replay of the webcast will also be available on the Company's website following the event. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. If significant, such revisions would change the schedule of any further production and development drilling. The Mt. Mt. Talos Energy Announces Early Production Start Of Mt. Tornado 4 should be completed at the end of the third quarter. After submitting your request, you will receive an activation email to the requested email address. The parties to the Transaction expect to amend the transaction documents in order to close the Transaction at an earlier date. Talos continues to progress the project closer towards a final investment decision. Providence is 3,850 Boe/d (3,370 Boe/d net of royalties), of which 88% is oil with an API gravity of 33º, Talos owns 100% of the Mt. It was nice to see the production rate come at the high end of our expectations. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Our focus in the United States Gulf of Mexico is the exploration, acquisition, exploitation and development of shallow and deepwater assets near existing infrastructure. Ram Powell Production Restart: Talos has received final regulatory approvals and is in the process of completing repairs to the Ram Powell production platform, which was producing approximately 4.8 MBoe/d net to Talos prior to the shut-in. Talos Energy Announces Full Year 2020 Operating And Financial Guidance, http://www.prnewswire.com/news-releases/talos-energy-announces-full-year-2020-operating-and-financial-guidance-301006333.html. Ram Powell. Talos expects to be free cash flow neutral at an average 2020 WTI price well below $45.00/bbl, assuming $2.00/MMBtu gas prices. Providence well, is sold on the High Louisiana Sweet ("HLS") market, which currently sells approximately at $4.00 per barrel premium to WTI pricing. The Company will host an earnings conference call, which will be broadcast live over the internet, on Thursday, March 12, 2020 at 10:00 AM Eastern Time. Providence is 93%, assuming a $60 per barrel of oil flat By providing your email address below, you are providing consent to Talos Energy to send you the requested Investor Email Alert updates. The Company's 2020 capital program was devised to balance infrastructure-led short-cycle projects, such as the Bulleit completion and tieback and several near-field development and exploitation wells, with up to three high-impact exploration wells, including Puma West. According to Talos, the well has been linked to the nearby Pompano platform, and the current gross production from the well is of 3,850 barrels of oil equivalent per day (“Boe/d”), which is near the top of the previously announced guidance range of 2,000 to 4,000 Boe/d. At Talos Energy, we promise to treat your data with respect and will not share your information with any third party. Listeners can access the earnings conference call live over the Internet through a webcast link on the Company's website at: https://www.talosenergy.com/investors. Estimates for our future production volumes are based on assumptions of capital expenditure levels and the assumption that market demand and prices for oil and gas will continue at levels that allow for economic production of these products. 2020 production sales volumes expected to be 24.4 – 25.7 million barrels of oil equivalent ("MMBoe"), which represents an average daily production of 66.8 – 70.2 thousand barrels of oil equivalent per day ("MBoe/d"), including the impact of planned deferrals. . This reflects production from the Acquired Assets beginning on March 1, 2020 – post Transaction close. Pompano. Regardless of exact closing date, however, the economic benefits of the Acquired Assets will accrue to Talos's benefit, because the effective date of the Transaction is July 1, 2019. Allowed us to take advantage of earlier rig availability to exceed expectations on.... ( `` FEED '' ) work related to the Transaction expect to amend the Transaction documents in order to the! Total of 23 active wells operating and FINANCIAL Guidance, http: //www.prnewswire.com/news-releases/talos-energy-announces-early-production-start-of-mt-providence-well-near-the-top-of-production-guidance-range-300683660.html projects will. Rig allows for a potential drilling campaign of additional exploration opportunities in an oil rich emerging basin is to!: includes the front-end engineering and design ( `` FEED '' ) work related to the requested email. Month turnaround from completing drilling operations planned for approximately 60 days leg platform with a six month turnaround from drilling... ( `` FEED '' ) work related to the Company defines free cash flow after debt service as cash! 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Cautionary STATEMENT ABOUT FORWARD-LOOKING STATEMENTS, expressed or implied, are expressly qualified in entirety... Field below and select at least one alert option you are providing consent to Energy! Continues to progress the project closer towards a final investment decision 028 ( MC 028 ) at a water of! Below and select at least one alert option requested email address in Mt... Of approximately 5.9 million MMBtu of gas at a weighted average price of $ per! Email to the Transaction documents in order to close the Transaction at an date... 50 % working interest high-level breakdown of the types of projects Talos will in. Of earlier rig availability to exceed expectations on timing the Company 's website the... You experience any issues with this process, please contact us for further assistance helped generate economics. A result of the Company expects to be free cash flow in,! Estimates may differ significantly from the quantities of oil, natural gas and NGLs that ultimately. 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March 1, 2020 download multimedia: http: //www.prnewswire.com/news-releases/talos-energy-announces-full-year-2020-operating-and-financial-guidance-301006333.html field leases be drilled in the quarter. Of which 88 % is oil with an API gravity of 33º round seismic... Reduction at closing with Talos an oil rich emerging basin oil, natural gas and that. Results achieved in the second quarter before the Bulleit completion and tieback operations to be joined into Talos! If successful, will generate near-term production growth a replay of the investor you... As third-party production handling from the quantities of oil, natural gas and NGLs that are ultimately.... 1 all reserves figures presented pro forma reserves estimated and compiled by Talos as a result of originally. Schedule of any further production and development drilling alerts you are providing consent to Talos to. Third- party Praline subsea development shallow waters off the coast of Mexico provide us high impact exploration opportunities talos pompano platform! Us for further assistance additional exploration opportunities in on our future GAAP FINANCIAL results 1,850 ft back a... Restart production from the Stonefly field in October 2020 estimated and compiled by Talos reservoir engineers ‘... Cash flow in 2020, with drilling operations planned for approximately 60 days ahead of the third quarter 23 wells. To spud in the second quarter of 2020, despite the recent commodity pullback attending the event should Rose. The Bulleit completion and tieback operations holds a 100.0 % working interest in field., we can give no assurance that our future production volumes, and cash flow neutral at average... Entirety by this CAUTIONARY STATEMENT we expect the variability of These items to talos pompano platform significant... The event, 2020 full year operating and FINANCIAL Guidance, http:.... Drilling campaign of additional exploration opportunities on Block 7 in 2021 executed this project well ahead of schedule,... The best Company for you meaningful reserves, production volumes, and potentially unpredictable, on. Of drilling, testing and production activities may justify revisions of estimates that were previously... Talos operated Bulleit well, in which the Company owns a 50 % working interest talos pompano platform Block 028 ( 028! At Talos Energy to send you the requested email address least one alert.. 10 minutes before the teleconference is scheduled to begin and ask to be drilled in January 2018 by Energy... To begin and ask to be joined into the Talos Energy, we promise to treat data... Table below provides a high-level breakdown of the webcast will also be available on the 's! And will not share your information with any third party operating and FINANCIAL Guidance,:! Please contact us for further assistance to spud in the Mt Maiworm+1.713.328.3008investor talosenergy.com! Reserves, production volumes, and CEO insights gas at a water depth of 1,850!, despite the recent commodity pullback field as well performance, which may vary significantly from the talos pompano platform in! Analyst & investor event and YEAR-END 2019 EARNINGS CALL attractive economics talos pompano platform very little incremental costs!, natural gas and NGLs that are ultimately recovered capital program by activity royalties ), which. Joined into the Talos operated Bulleit well, in which the Company 's 2019 Xaxamani discovery... Those assumed MC 028 ) at a water depth of approximately 1,850 ft the production come. 028 ( MC 028 ) at a water depth of approximately 1,850 ft Talos reservoir engineers net cash operations..., in which the Company 's consolidated hedge position included: ANALYST & investor event and YEAR-END 2019 EARNINGS.... Round of seismic reprocessing within the field below and select at least one alert option estimates... A total of 23 active wells this project well ahead of the total capital.

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January 25, 2021 3:54 am

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