05:29 PM EDT, 08/19/2025 (MT Newswires) -- Talos Energy ( TALO ) said late Tuesday it has achieved successful drilling results at the Daenerys exploration prospect in the Walker Ridge area of the US Gulf of America.

The discovery well was drilled ahead of schedule and at a lower cost to a vertical depth of 33,228 feet and encountered oil pay in multiple sub-salt Miocene sands. The well has been temporarily suspended to preserve future utility, the company said.

Talos, as operator, will hold a 27% working interest, Shell (SHEL)-owned Shell Offshore will hold 22.5%, Red Willow at 22.5%, Houston Energy at 10%, Cathexis at 9%, and HEQ II Daenerys at 9%, according to a statement.

The company said it anticipates spudding the appraisal well in Q2 of 2026.