Phu Pham's questions to Talos Energy Inc (TALO) leadership • Q2 2025
Question
Phu Pham of Roth Capital Partners requested more details regarding the operational issues at the Sunspear well, specifically the cause of the shutdown, and asked for an explanation for the delay of the non-operated Marmalade greenfield project.
Answer
President and CEO Paul Goodfellow explained that the Sunspear well was shut in due to a premature failure of a critical subsurface safety valve. He noted the West Vela rig will be mobilized for the repair. Regarding Marmalade, a non-operated well, he stated the partner has faced drilling and completion challenges but the well is expected to be online soon.