NYSE:TALOOil and Gas
Talos Energy’s Valuation in Focus After Daenerys Project Success and Under-Budget Drilling Completion
If you follow Talos Energy (TALO), the company’s fresh update from its Daenerys exploration project might have caught your attention. Talos just reported a successful discovery in the U.S. Gulf of America, finding oil pay in several sub-salt Miocene sands. The company wrapped up drilling earlier than planned and saved a healthy $16 million versus budget. In addition, there are already plans for an appraisal well next year, which suggests more potential resource upside in the future. For...