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Reoriented Talisman evaluating unproven Utica, Lorraine shales

09/22/2008
A self-redirected Talisman Energy Inc. expressed encouragement earlier this month at results from its first well in Ordovician Utica shale in Quebec’s St. Lawrence Lowlands.While it describes the overlying Lorraine shale, as yet untested by Talisman, as having the potential to be just as prospective as the Utica, the company describes the play as “unproven.”Talisman’s acreage position is large. The Calgary firm holds 760,000 net acres spread across 940,000 gross acres (Fig. 1). And it points out that it has to drill wells to earn 600,000 acres from independent company farmors. Click here to enlarge imageTalisman plans to drill three more wells by the end of 2008.T...
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