OEL 9.09% 1.0¢ otto energy limited

When I say Talos paid $385m, that was for the ILX Holding...

  1. 682 Posts.
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    When I say Talos paid $385m, that was for the ILX Holding assets.

    For the total acquisition, it was....
    • Immediately accretive to Talos shareholders on all key transaction metrics; $640 million gross purchase price translates to valuation metrics of approximately $33,684 per Boe per day, $9.41 per Boe of estimated 2P reserves(2) and 3.0x 2019E Adjusted EBITDA(1)
    Very similar to what they're trading at today, right? Food/oil for thought.

    https://www.talosenergy.com/news/press-release-details/2019/Talos-Energy-Announces-Transformative-Acquisition-Of-Gulf-Of-Mexico-Portfolio-Through-Multiple-Transactions/default.aspx


 
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