Talos Energy Sells Additional Stake in Zama to Grupo Carso; Enters into a Cooperation Agreement with Control Empresarial and Terminates Stockholders Rights Plan

Core Viewpoint - Talos Energy Inc. has announced the sale of an additional 30.1% interest in its Mexican subsidiary, Talos Mexico, to Zamajal, S.A. de C.V., which is primarily owned by Grupo Carso, S.A.B. de C.V. [1][2] Group 1: Transaction Details - Talos will receive $49.7 million in cash at closing, with an additional$33.0 million due upon first commercial production from the Zama Field, totaling $82.7 million for the transaction [2] - After the transaction, Talos Mexico will be owned 20.0$82.9 million in cash contingent considerations upon achieving commercial production from the Zama Field, which includes $33.0 million from the current transaction and$49.9 million from a previous equity interest transaction [3] Group 2: Management Statements and Agreements - Talos's Interim President and CEO Joseph Mills expressed satisfaction with the transaction, highlighting its benefits for stockholders and the company's continued involvement in the Zama project [4] - Talos has entered into a cooperation agreement with Control Empresarial De Capitales, which restricts Control Empresarial from acquiring additional shares of Talos common stock that would exceed 25% of total shares until December 16, 2025 [4] Group 3: Corporate Actions - Talos announced an amendment to its stockholder rights plan, which will be terminated effective at 5:00 p.m. New York time on the date of execution of the amendment [5] Group 4: Company Overview - Talos Energy is an independent energy company focused on maximizing long-term value through its upstream exploration and production business in the U.S. Gulf of Mexico and offshore Mexico, emphasizing safe and efficient operations and environmental responsibility [6]