Tim Duncan CEO of Talos impressed. Very well organised for the...

Tim Duncan CEO of Talos impressed. Very well organised for the webinar, could tell that he had rehearsed his delivery and then during question time answered very well off the cuff.

His comments on long lead times for offshore developments insightful, really backs up the comment from ronstieb on textbook example of why O&G juniors shouldn't get involved in deep water plays.

Tim talked about the importance of having a diversified portfolio with varying degrees of potential payoffs, Otto was always way overexposed to GC21 and probably should have only committed for a quarter of the working interest that they did, hope that overpaid team have learnt from that mistake and now focus more on onshore opportunities and existing fields (SM71 & lightning) and of course capital management initiatives.

GC21/Bulleit are sunk costs, hopefully we are at the end of the timeline and are about to get paid!