Talisman to sell noncore North American assets

Talisman Energy Inc. plans to sell noncore properties in North America. The predominantly nonoperated assets produce 17,000 boe/d, of which 60% is gas and 40% is oil and liquids.

Oct. 17, 2006

By OGJ editors
HOUSTON, Oct. 17 -- Talisman Energy Inc. plans to sell noncore properties in North America. The predominantly nonoperated assets produce 17,000 boe/d, of which 60% is gas and 40% is oil and liquids.

The properties are grouped into five areas: Greater Lloydminster, Central Alberta, Pembina-Brazeau, Wapiti-North Deep basin, and Cranberry-Chinchaga.

Talisman anticipates the sales program will be completed early in second quarter 2007. The Calgary independent will use proceeds to repurchase shares.