Year to … Talos Energy provides updates on pending acquisitions and U.S. Gulf Of Mexico operations in Closing Bell Story‎ / Crude Oil News / Energy News / International / Mexico / Press … 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. In September, Talos sold a majority stake in one of its top Gulf prospects to the British energy major BP to help cut costs and help finance new acquisitions, including an additional prospect … The deal creates a larger … Talos Energy, Inc. • $52 million acquisition of Whistler Energy II. The cash consideration was funded primarily through the Company's revolving credit facility and cash on hand. Separately, Talos announced the bolt-on … (PRNewsfoto/Talos Energy) The Acquisition and 14C Information Statement. All forward-looking statements, expressed or implied, are expressly qualified in their entirety by this cautionary statement. A replay of the webcast will also be available on the Company's website following the event. As mentioned before, we will provide additional 2020 guidance as we move closer to closing our recently announced Transaction.". You must click the activation link in order to complete your subscription. These diverse, high cash flowing assets continue to be a great fit for the Talos portfolio moving forward. Talos Energy LLC (Talos) is a private upstream oil and gas company focused on exploration and the acquisition/exploitation of oil and gas properties with a focus in the Gulf of Mexico … After submitting your request, you will receive an activation email to the requested email address. Serving clients in Hawaii and throughout California, … You must click the activation link in order to complete your subscription. 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 Company expects to close the Transaction approximately 20 days after a definitive information statement is mailed to stockholders, the timing of which will depend on any review of the preliminary information statement by the SEC. Talos will pay $65 million for the assets, … 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. 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. Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the Company entered into and completed a transaction to acquire Whistler Energy II, LLC ("Whistler") on August 31, 2018. 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. HOUSTON, Jan. 31, 2020 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the filing of a preliminary Schedule 14C information statement with the Securities and Exchange Commission ("SEC"), an important regulatory step towards closing of the Company's previously announced acquisition of affiliates of ILX Holdings, among other entities (the "Acquired Assets", the "Acquisition", or the "Transaction"). Therefore, as of January 24, 2020, the Company's consolidated hedge position included: Duncan continued, "We are happy to see tangible results from Orlov by encountering another pay zone and achieving first oil within twelve months of initiating the subsea project. We combine our technical experience in geology, geophysics and engineering with innovative resource evaluation techniques and seismic imaging expertise to discover new resources. Therefore, we can give no assurance that our future production volumes will be as estimated. (Talos, 10.Dec.2019) — Talos Energy Inc. entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets, exploration prospects and acreage … We look forward to achieving a successful closing in the first quarter of this year and integrating these assets into our business.". Talos Energy Inc. has agreed to acquire a broad portfolio of producing assets from affiliates of ILX Holdings, Castex Energy and Venari Resources. The Transaction was previously announced on December 10, 2019. Talos Energy Announces Closing Of Previously Announced Acquisitions And Associated Borrowing Base Increase, https://mma.prnewswire.com/media/687245/Talos_Energy_Logo.jpg. • $123 million acquisition … 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 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. Our activities in offshore Mexico provide high impact exploration opportunities in an oil rich emerging basin. View original content to download multimedia:http://www.prnewswire.com/news-releases/talos-energy-provides-updates-on-pending-acquisitions-and-us-gulf-of-mexico-operations-300996705.html. 2020 Henry Hub swaps of approximately 5.9 million British thermal units ("MMBtu") at a weighted average price of $2.78 per MMBtu. This Acquisition is consistent with Talos's strategy of acquiring high-margin, oil-weighted assets with significant drilling upside in our core areas. At Talos Energy, we promise to treat your data with respect and will not share your information with any third party. Concurrently with the closing of the Transaction, Talos also closed on the increase of its borrowing base to $1,150.0 million. Our estimates are based on certain other assumptions, such as well performance, which may vary significantly from those assumed. At the time the parties entered into the Transaction on December 10, 2019, holders of approximately 62.9% of the Company's outstanding shares acted by written consent to approve the Transaction and the proposed issuance of 11.0 million new shares as consideration in the Transaction, so the Company is not seeking additional stockholder approval. Houston-based Talos Energy Inc. (NYSE: TALO) has made a deal to pick up a series of assets from Castex Energy 2005 LP in a bolt-on acquisition. Specifically, Talos … 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. We believe the additional scale and diversity will allow Talos to be even more resilient to commodity price volatility, further allowing us to continue to generate free cash flow in the current commodity environment. After taking into account customary closing adjustments based on an effective date of July 1, 2019, total cash consideration paid by Talos was reduced from $385.0 million to $291.7 million, as the Acquired Assets generated approximately $100.0 million of free cash flow in the eight-month period since effective date, partially offset by a small working capital position acquired in conjunction with one of the assets. The Company also provided an operational update regarding selected projects in the U.S. Gulf of Mexico, including existing Talos assets as well as Acquired Assets. 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. Talos Energy Inc. has entered into a series of definitive agreements to acquire a broad portfolio of US Gulf of Mexico producing assets, exploration prospects and acreage from affiliates of ILX Holdings, Castex Energy and Venari Resources for US$640 million. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified hereby, to reflect events or circumstances after the date of this communication. For more information, visit www.talosenergy.com. The Company has filed a preliminary information statement with the SEC to inform the Company's stockholders about the Acquisition. Upon closing of the Acquisition, the Company will issue 11.0 million shares of Talos's common stock to the sellers and pay the cash consideration. As one of the US Gulf's largest public independent producers, we leverage decades of geology, geophysics and offshore operations expertise towards the acquisition, exploration, exploitation and development of assets in key geological trends that are present in many offshore basins around the world. 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. The preferred shares will automatically convert into 11.0 million common shares on the 20th day following the mailing to investors of the Company's definitive information statement on Schedule 14C related to the Transaction. 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. Please dial in approximately 10 minutes before the teleconference is scheduled to begin and ask to be joined into the Talos Energy call. We are pleased to see numerous key projects included in the Acquired Assets advancing in line with or faster than our expectations. ", ANALYST & INVESTOR EVENT AND YEAR-END 2019 EARNINGS CALL. The Gulf of Mexico-focused oil company Talos Energy has acquired assets from affiliates of Castex Energy 2005. In addition to the cash consideration, the Company delivered 110,000 shares of Series A Convertible Preferred Stock to certain of the sellers. Concurrently with the closing of the Transaction, the borrowing base under Talos's credit facility was upsized from $950.0 million to $1,150.0 million, effective immediately. Sergio Maiworm+1.713.328.3008investor@talosenergy.com, CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS. You can sign up for additional alert options at any time. 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. Sergio Maiworm+1.713.328.3008investor@talosenergy.com, CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The cash consideration of $385.0 million will be reduced at closing by the approximately $31.8 million deposit paid into escrow upon the signing of the definitive agreements. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All statements, other than statements of historical fact included in this communication, regarding our strategy, future operations, financial position, estimated revenues and losses, estimated production volumes, projected costs, prospects, plans and objectives of management are forward-looking statements. By providing your email address below, you are providing consent to Talos Energy to send you the requested Investor Email Alert updates. 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. By providing your email address below, you are providing consent to Talos Energy to send you the requested Investor Email Alert updates. After submitting your request, you will receive an activation email to the requested email address. 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. For more information, visit www.talosenergy.com. Houston offshore oil and gas producer Talos Energy is now a public company after closing its nearly $2 billion merger Thursday with Louisiana's Stone Energy. If the SEC does not review the filing, Talos expects to close the Transaction on or before March 16, 2020. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. HOUSTON, March 2, 2020 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the closing of the acquisition of affiliates of ILX Holdings, among other entities (the "Acquired Assets," the "Acquisition," or the "Transaction"), on February 28, 2020.