Talos Energy Investor Presentation — December 2021

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Investment ConferenceDecember 1 -3, 2021Cautionary Statements

2Cautionary Statement Regarding Forward -Looking Statements

Thispresentation contains “forward -looking statements” forpurposes ofthefederal securities laws.Allstatements, other thanstatements ofhistorical factincluded inthispresentation, regarding ourstrategy, future operations, theimpact ofregulatory changes, financial position, estimated

capital expenditures, production, revenues andlosses, projected costs, prospects, plans andobjectives ofmanagement areforward -looking statements .When used inthispresentation, thewords “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” andsimilar expressions are

intended toidentify forward -looking statements, although notallforward -looking statements contain suchidentifying words .These forward -looking statements arebased onourcurrent expectations andassumptions about future events andarebased oncurrently available information asto

theoutcome andtiming offuture events .

Wecaution youthatthese forward -looking statements aresubject tonumerous risksanduncertainties, most ofwhich aredifficult topredict andmany ofwhich arebeyond ourcontrol .These risksinclude, butarenotlimited to,thefinalterms ofthelease agreement withtheTexas General Land

Office ("GLO") andCarbonvert Inc.("Carbonvert "),thesuccess oftheCompany’s project withFreeport LNGDevelopment, L.P.("Freeport LNG") andalliances withTechnipFMC plc("TechnipFMC"), Storegga Geotechnologies Limited ("Storegga ")andother CCSventures, thetiming andresults of

anydevelopment withrespect totheCompany's ongoing strategy toitsZama asset, commodity price volatility, inflation, lackofavailability ofdrilling andproduction equipment andservices, environmental risks, orders, regulations anddirectives issued bytheBiden administration, COVID -19

impacts, failure tofind,acquire orgainaccess toother discoveries andprospects ortosuccessfully develop andproduce from ourcurrent discoveries andprospects, geologic risk,drilling andother operating risks, wellcontrol risk,regulatory changes, theuncertainty inherent inestimating