TALOS ENERGY ANNOUNCES CHANGES TO THE COMPANY’S BOARD OF DIRECTORS

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HOUSTON, December 9, 2021 / PRNewswire / – Talos Energy Inc. (NYSE: TALO) (“Talos” or the “Company”) today announced that the two representatives of Apollo Global Management (“Apollo“) and one of the two representatives of Riverstone Holdings (” Riverstone “) have resigned from the Board of Directors of the Company. Olivia C. Wassenaar and Christine Men, the representatives of Apollo, resigned on December 8, 2021, effective immediately. Apollo therefore no longer has representatives on Talos’ board of directors. Rajen mahagaokar, a representative of Riverstone, resigned on December 9, 2021, effective immediately. Robert M. Tichio continues to represent Riverstone on the company’s board of directors. Following these changes, private equity employees represent one of the current seven directors. These resignations are not due to specific Talos issues or concerns. of Apollo Board members resign following Apollo reduced ownership of funds following recent sales of shares of long-term funds holding their Talos shares.

President of Talos and CEO Timothy S. Duncan commented, “These changes to our board of directors reflect the company’s evolution into a more mature publicly traded company compared to the original five-member team formed almost a decade ago. Apollo has been a great partner and provided valuable advice and growth capital throughout the process. We appreciate the many contributions of Olivia, Christine and Raj over the years, and we look forward to continuing our experience in responsible capital management, growth and creating shareholder value as we move forward in the future. both our hydrocarbon activity and our carbon capture activity. “

Talos Chairman of the Board of Directors Neal P. Goldman commented: “We thank Apollo for the important contributions they have made in helping Talos become the successful company it is today. With these departures, Talos’ board of directors intends to review the composition of the board to ensure that Talos remains positioned to create substantial shareholder value. “

Robert M. Tichio, Talos Board Member and Riverstone Partner, said: “We look forward to continuing our successful partnership with Talos, which includes significantly increasing our stake in the company less than 20 years ago. 24 months through our sale of ILX Holdings. We have high expectations for the Company and we look forward to continuing as a constructive and supportive shareholder. “

ABOUT TALOS ENERGY

Talos Energy (NYSE: TALO) is an independent exploration and production company technically focused on the safe and efficient maximization of long-term value through its operations, currently in United States and off Mexico, both upstream through oil and gas exploration and production and downstream through the development of future carbon capture and storage opportunities. As one of the Gulf of Mexico Largest independent public producers, we leverage decades of offshore technical and operational expertise to acquire, explore and develop assets in key geological trends that are present in many offshore basins around the world. With a focus on environmental stewardship, we also use our expertise to explore opportunities to reduce industrial emissions through our carbon capture and storage initiatives along the US Gulf Coast and Gulf of Mexico. For more information visit www.talosenergy.com.

TALOS ENERGY INVESTOR RELATIONS CONTACT

Sergio Maiworm
+1.713.328.3008
[email protected]

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This communication may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this communication, regarding our strategy, future operations, financial condition, estimated income and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this communication, the words “could”, “believe”, “anticipate”, “intend”, “estimate”, “expect”, “plan”, “anticipate” power ”,“ objective ”,“ plan ”and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions regarding future events and are based on information currently available as to the outcome and timing of future events.

We caution you that these forward-looking statements are subject to many risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, without limitation, the current and future composition of the Company’s board of directors and its committees, commodity price volatility, including the sharp decline in oil prices from march 2020, the impact of the 2019 coronavirus disease (“COVID-19”) and related government actions on the global demand for oil and natural gas and on our business operations, the capacity or the will of the Organization oil-exporting countries (“OPEC”) and non-OPEC countries, such as Saudi Arabia and Russia, to fix and maintain oil production levels and the impact of such actions, lack of transport and storage capacity due to oversupply, government regulations and actions or other factors, inflation , lack of availability of drilling and production equipment and services, environmental risks, drilling risks and other operating risks, regulatory changes, uncertainty inherent in estimating reserves and projecting future production rates , cash flow and access to capital, timing of development spending, the possibility that the anticipated benefits of recent acquisitions may not be realized when expected or not at all, including due to the impact or problems resulting from the integration of such acquisitions, and other factors that may affect our future results and operations, in general, including those discussed under the heading ” Risk Factors ”in our annual report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 11, 2021 and our quarterly report on Form 10-Q for the completed quarterly period September 30, 2021, filed with the SEC on November 3, 2021.

If one or more of these risks were to occur, or if the underlying assumptions prove to be incorrect, our actual results and plans could differ materially from those expressed in the forward-looking statements. All forward-looking statements, express or implied, are expressly qualified in their entirety by this cautionary statement. 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 make. Unless otherwise provided by applicable law, we disclaim any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such communication.

SOURCE Talos Energy


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