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TALOS PETROLEUM LLC

US:SGY
No current share price held for this company.

Past year: ▲ 64%(18.38 – 37.10 USD)

Market cap
—
Shares on issue
—
Story beats
51 since 2008
Last event
24 Feb 2021

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

9 June 2017drilling progress report● NeutralMajor

Drilling began June 3, 2017 on the Rampart Deep prospect in Mississippi Canyon Block 116, operated by Deep Gulf Energy III. Stone holds a 40% working interest after selling down part of its position (partners: Deep Gulf 30%, Ridgewood-managed entities 30%). The company would tie it to its 100%-owned Pompano platform if successful, and expects about two months to drill. Stone also cut about 20% of its workforce (plus a smaller cut in April 2017), with a pre-tax charge of about $5-6 million in Q2 2017 and a targeted cash SG&A of about $11-12 million a quarter. James M. Trimble is now interim CEO and President, following the departure of the previous CEO.

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24 Feb 2014drilling progress report▲ GoodMajor

On Feb 24, 2014 Stone reported that the Cardona well (65% WI, operator) found 84 feet of net oil pay in its development section, and plans to flow it to the Pompano platform with first production in early 2015, a bit later than the 'late 2014' earlier projected. The CEO also referred to a 'recent Amethyst discovery' (the filing gives no details). Drilling on this well should finish in March 2014, then the rig moves to Cardona South, expected to reach total depth in the second quarter.

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31 Dec 2013drilling progress report▼ Bad

A Dec 30, 2013 drilling update said the San Marcos deep water well (25% non-operated) reached about 28,500 feet with no commercial hydrocarbons and will be plugged and abandoned. Amethyst (MC 26, 100% WI) and Tom Cat (West Cameron 176, 100% WI) were still drilling, both expected to reach targets in late January 2014. The Cardona rig (Ensco 8502) was due to spud in early January 2014, and Mica Deep (50% non-operated) in Q1 2014.

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