Exhibit 99.1
Talos Energy Announces Commencement of Underwritten Public Offering of Common Stock
Houston, Texas, January 17, 2024 Talos Energy Inc. (Talos or the Company) (NYSE: TALO) today announced that it has
commenced an underwritten public offering of $300.0 million of shares of its common stock, par value $0.01 per share (common stock). The Company expects to grant the underwriters a 30-day
option to purchase $45.0 million of additional shares of its common stock.
The Company intends to use the net proceeds from this offering to fund a
portion of the previously announced acquisition of QuarterNorth Energy Inc. (the QuarterNorth Acquisition). In the event that the QuarterNorth Acquisition is not completed, the proceeds from this offering will be used for general
corporate purposes.
J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Mizuho are acting as joint book-running managers and representatives
of the underwriters and Citigroup, Morgan Stanley, Capital One Securities, Inc., DNB Markets, Inc., KeyBanc Capital Markets Inc. and Regions Securities LLC are also acting as joint book-running managers.
The offering is being made pursuant to a shelf registration statement on Form S-3, including a base prospectus, which
was filed with the U.S. Securities and Exchange Commission (the SEC) and became effective on June 14, 2022. The preliminary prospectus supplement, and accompanying base prospectus, relating to the offering, and a final prospectus
supplement, when available, will be filed with the SEC and will be available on the SECs website at www.sec.gov. Copies of the preliminary prospectus supplement, and accompanying base prospectus, relating to the offering, and the final
prospectus supplement, when available, may be obtained by sending a request to: J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204,
prospectus-eq_fi@jpmchase.com; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone:
1-866-471-2526, facsimile: 212-902-9316 or by
emailing Prospectus-ny@ny.email.gs.com; Mizuho Securities USA LLC, ATTN: Equity Capital Markets, 1271 Avenue of the Americas, 3rd Floor, New York, NY 10020, telephone: (212) 205-7600, or by emailing US-ECM@mizuhogroup.com, or by accessing the SECs website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of common stock or any other securities, nor shall
there be any sale of such shares of common stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such
state or other jurisdiction.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically driven, innovative, independent energy company focused on safely and efficiently maximizing long-term value
through its Upstream Exploration & Production and Low Carbon Solutions businesses. We currently operate in the United States and offshore Mexico. We leverage decades of technical and offshore operational expertise to acquire, explore, and
produce assets in key geological trends while developing opportunities to reduce industrial emissions through carbon capture and storage projects along the U.S. Gulf Coast.
INVESTOR RELATIONS CONTACT
investor@talosenergy.com
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
position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this communication, the words will, could, believe,
anticipate, intend, estimate, expect, project, forecast, may, 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 about future events and are based on currently available
information as to the outcome and timing of future events.
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TALOS ENERGY INC. |
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333 Clay St., Suite 3300, Houston, TX 77002 |
4860-2881-7560v.7 |
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