Talos Energy Gobbles Up Another Company In The Gulf Of Mexico

Coming somewhat on the heels of the $2.5 billion merger with Stone Energy Corp., Talos Energy has now acquired Whistler Energy II in a $52 million deal. The acquisition grants the company a 100% working interest in three blocks in central Gulf of Mexico.

The blocks in question include Green Canyon 18, Green Canyon 60, and Ewing Bank 988. In addition, the growing company will get a fixed production platform in 750 feet of water located in Green Canyon block 18. To date this year, production from whistlers assets has been approximately 1,900 barrels of oil equivalent per day, or boe/d.

While the purchase price was listed as, $52 million, the release of $77 million cash collateral, which had secured Whistler surety bonds, along with the $7 million dollars in available cash that was on hand at the time of sale, led to a net positive cash flow for both parties. Whistler pulled in $100 million in cash, and Talos Energy ended up paying only $14 million, despite the price tag which on paper for acquisition of the company.

In addition , Talos Energy had also recently licensed vintage wide azimuth seismic data in the Gulf of Mexico. This will be used in conjunction with the assets that they aquired in the merger to possibly generate some additional drilling prospects in the area. The company also won the bidding on new leases containing three drilling prospects which can be routed back through the Green Canyon 18 Field Block.

Talos Energy was started in 2012 in part by Tim Duncan. Using 600 million in equity they had accrued from previous backers, as well as assets in Gulf of Mexico which we’re producing over 16,000 barrels of oil per day, they built a company which prided itself an intervention and the empowerment of employees.

To Know More Click Here

Flavio Maluf, CEO Eucatex Group

Flavio Maluf is the chief executive officer of Eucatex Group an environmentally friendly and innovative company which uses unique materials to produce industrial and household items. He was born in 1961 in Brazil. He attended FAAP, an advanced learning institution based in Sao Paulo where he graduated with a degree in mechanical engineering.

After graduating, Maluf joined Eucatex Group in 1987 where he began in the trade department. Eucatex is a company started by his father a renowned businessman and politician in Brazil in 1951. By then, the company specialized in wood processing. He would later shift to the engineering department where he helped the company develop innovative ways to process wood and other materials. Read more about Flavio Maluf at Blog do Ronco

As a result of his dedication and success in the company, his family agreed to involve him as the chief executive officer and the executive president in 1997. To date, he still holds the same position. His main focus is investing in the company as well as looking for ways to launch new products in various areas. Flavio Maluf has also been keen to position the company as innovative and environmental friendly.

When it was started, Eucatex used eucalyptus trees to make panels and sheets. The company had only one production line in Salto, Sao Paulo when it started. However, today, the company has more production lines thus making it one of the largest companies in the country. The company now produces acoustic ceilings and soft panels using wood fibers. It also produces acoustic and insulation panels. According to the company, it envisages environmental comfort and acoustic when developing products.

In his recent comments, Flavio noted that even though the construction industry in Brazil experienced challenges as a result of economic recession, it would gradually recover to record 11 percent growth in the coming years. As a result, sales of building materials will begin to increase.

Read more; https://pt.wikipedia.org/wiki/Fl%C3%A1vio_Maluf


Top Facts about Aloha Construction Company

Aloha construction provides general constructions services to the people of Southern Wisconsin and Illinois. Aloha construction is known to offer professional services as it operated by a team of qualified staffs who has undergone multiple pieces of training. There is also strong teamwork portrayed by the field specialists and the general office team.

Over the years, Aloha company has achieved drastic changes from being a small family project into a significant and recognized construction company. The company has established an excellent reputation among its clients, and it’s trusted for excellence, safety, and integrity. Maintaining professional job ethics made them being awarded the 2017 BBB Torch Award for ethics. Also, Aloha construction has established an excellent external relationship and a good image with different people such as suppliers, the insurance, subcontractors, company agents and even the customers.

In Aloha Company, a customer is the most important person and takes an integral part of the business. The company ensures that there is maximum customer satisfaction and also quality services to the customers. As a customer, you are offered the desired attention by every stakeholder from the company including the support team, which includes the sales team, contractors, and all the other employees.

Aloha construction offers a wide range of services that will see your home repair covered. If you need to do home renovations, minor or major repairs, the company is always available. They deal with all areas in your home and can also give you free property inspection. Property inspection prevents any risk that may occur to either your building or other properties in your home. As a homeowner, you may not realize potential damages unless you involve experts. If you want a risk free assessment at your house, Aloha construction is readily available. They help you save extra costs that may result as a result of unsuspected damages.

Aloha construction performs a wide range of activities such as free property inspections, roof repair and replacement and many more. They have partnered with Aloha Restoration where they are offering extra services to all homeowners who are extremely busy.