Talos Energy Inc. announced on 5 March 2024 the successful completion of its acquisition of QuarterNorth Energy Inc.
Following the acquisition, Talos now boasts approximately 183.0 million shares of common stock outstanding, including around 24.4 million shares issued to QuarterNorth shareholders as part of the transaction. Moreover, Talos has appointed QuarterNorth’s designee, Joseph A. Mills, to the Talos board of directors. The company intends to update its 2024 operational and financial guidance to incorporate the closing of the acquisition in the near future.
Timothy S. Duncan, president and chief executive officer of Talos, expressed enthusiasm about the completed transaction, stating, “We are excited to close this important transaction ahead of schedule as we focus on operational execution and acceleration of synergies from the transaction. We expect the addition of these predominantly operated, oil-weighted deepwater assets and related infrastructure will enhance our ability to consistently generate substantial free cash flow while expanding our portfolio of growth opportunities. We also welcome Joe Mills to our Board. Joe brings valuable experience and insight to our business as an accomplished public company executive in the energy industry and board member in the upstream and midstream business sector.”
For more information visit : www.talosenergy.com
