Talos Energy Investor Presentation — August 2019

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EnerCom Oil & Gas Conference

August 2019Legal Disclosure

Cautionary Statement Regarding Forward -Looking Statements

This presentation contains “forward -looking statements” forpurposes ofthefederal securities laws .Allstatements, other than statements ofhistorical fact included inthis presentation, regarding our strategy, future

operations, financial position, estimated capital expenditures, production, revenues and losses, projected costs, prospects, plans and objectives ofmanagement are forward -looking statements .When used inthis

presentation, thewords “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and similar expressions areintended toidentify forward -looking statements, although notallforward -looking statements

contain such identifying words .These forward -looking statements arebased onourcurrent expectations and assumptions about future events and arebased oncurrently available information astotheoutcome and timing

Wecaution you that these forward -looking statements aresubject tonumerous risks and uncertainties, most ofwhich aredifficult topredict and many ofwhich arebeyond our control. These risks include, butarenot

limited to,commodity price volatility, inflation, lack ofavailability ofdrilling and production equipment and services, environmental risks, failure tofind, acquire orgain access toother discoveries and prospects orto

successfully develop and produce from ourcurrent discoveries and prospects ,geologic risk,drilling and other operating risks, well control risk, regulatory changes, theuncertainty inherent inestimating reserves and in

projecting future rates ofproduction, cash flow and access tocapital, thetiming ofdevelopment expenditures risks discussed under the heading “Risk Factors” inour Annual Report onForm 10-Kfortheyear ended

December 31,2018 and other filings with theSecurities and Exchange Commission .