We stepped out of the onshore shale mainstream on Wednesday and sat down with offshore entrepreneur, Tim Duncan, private Talos Energy LLC’s Founder, President & CEO. Leveraging an extensive technical, business development and executive background in the world of conventional assets, Mr. Duncan is building offshore-focused Talos on a two part foundation of cash flowing, acquired reserves and production and exploration inventory. With respect to the former, Tim described the GoM as a province where “everything is for sale” and which is in the midst of a generational opportunity where significant advantages rest with well-positioned buyers like Talos (extensive “local knowledge”, low leverage, well-capitalized). Talos’ exploration proficiency is evidenced by its July 2017 Zama discovery, offshore Mexico. The first exploration well in Mexico to be drilled by the private sector encountered ~1,100’ of gross oil pay with an initial estimate of 1.4-2 billion barrels of original oil in place. Lastly, Talos is expected to close its pending (announced November 2017) all-stock reverse merger into recently restructured Stone Energy in late first quarter or early second quarter 2018. Mr. Duncan will lead the combined public company in which Talos’ existing shareholders will own 63%.