Talos Energy Announces 2018 Financial And Operating Guidance, Provides Initial 2019 Outlook And Operations Update
Retrieved on:
Tuesday, May 29, 2018
Stone Energy's acquisition of Ram Powell deepwater assets on May 1, 2018 and its respective financial forecast is assumed on our pro forma guidance from May 1, 2018 onwards.
Key Points:
- Stone Energy's acquisition of Ram Powell deepwater assets on May 1, 2018 and its respective financial forecast is assumed on our pro forma guidance from May 1, 2018 onwards.
- The May 2018 Investor presentation available on our website provides a preliminary view of the Financial Reporting basis forecast for 2018.
- Talos plans to spud Tornado #3 in Q4 2018 and expects to bring it to production in 2Q 2019, following the mandatory regulatory dry-dock period of the production facility ship, the HP-1.
- As of May 29, Talos has approximately 71% of 2018 production and 46% of 2019 production hedged.