News & Press Releases
News & Press Releases
Talos Energy Announces the Promotion of Michael L. Harding to SVP & Chief Financial Officer
Houston, January 18, 2016 – Talos Energy LLC ("Talos”) announced today that it has appointed Michael L. Harding to serve as Senior Vice President and Chief Financial Officer effective January 1, 2016.
Mr. Harding, 47, has served as the Interim Chief Financial Officer of Talos since September 2015 upon the resignation of Shane Young. Mr. Young resigned to become Executive Vice President and Chief Financial Officer of Cobalt International Energy, Inc (NYSE: CIE). Prior to serving as Interim Chief Financial Officer, Mr. Harding served as Vice President and Chief Accounting Officer of Talos, and will retain the principal accounting officer responsibilities in his new role. Mr. Harding brings extensive experience to financial reporting, planning, audit and tax, and has been with the Talos management team since shortly after its inception.
Tim Duncan, President and Chief Executive Officer of Talos, commented, "Mike was hired as one of Talos’s first employees as Controller and Chief Accounting Officer and has ably stepped in to fill the CFO role several times on an interim basis, most recently after Shane’s departure to Cobalt. In recent months, Mike has done an excellent job focusing the team on cost cutting initiatives and managing liquidity, and promoting him to CFO maintains the stability we need as we navigate the challenges presented by a lower commodity environment. Mike has been with us through our various capital market initiatives, so he also has the right balance of experience necessary to lead all of our finance-based initiatives."
Prior to Talos Energy, Mr. Harding was Manager of Business Development for Consulting Services for PKF Texas from December 2010, was VP & Controller for RigNet, Inc from December 2008, and was responsible for various levels of accounting management at Apache Corporation prior to both of these roles. Mr. Harding earned a Bachelor in Business Administration in Accounting from Texas A&M University, CPA certification in 1995 and is a member of the AICPA.
In addition to the appointment of Mr. Harding and in accordance with the Second Amended and Restated Limited Liability Company Agreement of Talos Energy LLC, Christine Hommes has been appointed to the Talos Board of Directors effective January 13, 2016. Ms. Hommes replaced Rakesh Wilson as one of Apollo’s designated members of the Board of Directors. Although Mr. Wilson stepped down from the Talos Board of Directors, he will continue to actively participate in the Company. Please refer to Part III, Item 13 of our 2014 Annual Report for information regarding related party transactions with Apollo.
For more information about Mr. Harding or Talos Energy, please visit our website at www.talosenergyllc.com
ABOUT TALOS ENERGY LLC
Talos Energy is a technically driven independent exploration and production company focused on the exploration, development and acquisition of oil and natural gas properties in the Gulf of Mexico Shelf and Developed Deepwater. The Company’s website is located at www.talosenergyllc.com.
The information in this press release includes "forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this press release, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. We caution you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond our control, incident to the exploration for and development, production, gathering and sale of oil, natural gas and NGLs. These risks include, but are not limited to, commodity price volatility, inflation, lack of availability of drilling and production equipment and services, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating reserves and in projecting future rates of production, cash flow and access to capital, the timing of development expenditures, and the other risks described in "Item 1A, Risk Factors” in the Company’s 2014 Annual Report.
Should one or more of the risks or uncertainties described in the Company’s 2014 Annual Report occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in the Company’s 2014 Annual Report are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.
CONTACT: INQUIRIES OF THE COMPANY
Timothy S. Duncan
President & CEO