Last year Talos released Dec qtr and Full Year results on March 11 2020.
My guess, a similar time in March 2021 is the first we'll hear from Talos on any plan for Bulleit.
Drilling and dev of Bulleit has cost Talos (50% WI) well over USD100m, and netted them ~500boepd so far. They need a good plan to present to their shareholders I would think.
Speaking of lines in the sand
From our Dec QR
"As a result of the significant cost overruns experienced in the development of the GC 21 “Bulleit”well, it is estimated that while full-cycle economics have been eroded, point-forward economicsfor either the repair or recompletion are positive and value accretive"
Will be interesting, and hopefully not too terrifying, when they reveal the point fwd costs, revised reserves target if MP sand is a dud, and the risks.
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