For many years Talos Energy which is an oil and gas company has been on the forefront of engaging in the development, exploration, and production of natural gas and oil in the Gulf Coast of Louisiana and also the Gulf of Mexico. With only half a decade in its operations, Talos has been having enormous performance that has made it be one the leading energy companies in the region. Under the leadership of Mr. Timothy S. Duncan who is the Chief Executive Officer and the President of the Company, it has been committed to sustainability where they maintain very high standards of being good citizens as a corporate while ensuring they maintain environmental safety and for the community at large.
Talos Energy usually focuses on the offshore exploration with a great emphasis on asset exploration, optimization, and exploitation.The company usually operates on great strategies that help them in drilling inventory, acquisition of the assets and keeps them on the verge of developing joint ventures. Some of the things that have helped the company become successful in its operations are their independent and entrepreneurial spirit. Their focus and care of their own people have formed the foundation and basic fundamentals of their operation.In their recent announcement of the Exchange Offer and the entire Consent Solicitation, the expiration date for the whole process has been pushed to May 8, 2018, at 5 pm NYC Times.
The offer to exchange all the acceptable outstanding Senior Secured Notes commonly called Stone Notes which are the due year 2022. In line with the Exchange Offer, Talos Energy had to solicit for the consent of the Stone Notes holders which they call Consent Solicitation. All the whole process is emerging from the combination of the Transactions of Stone Energy and Talos Energy.The Exchange Offer and the Consent Solicitation of the Stone Notes have been conditioned to the closing of the transactions, unanimous consent of the holders of Stone Notes which is the Requisite Consents, and fulfillment of other customary conditions. If these are not fulfilled fully, the Offer and Solicitation stand to be terminated or withdrawn. The Offer Materials are to be given to Stone Notes holders who will have completed the eligibility form in the Global Bondholder Services Corporation.