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Gold/Mining/Energy : TLM.TSE Talisman Energy

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To: Kent C. who started this subject9/23/2000 2:56:28 PM
From: JayBird_606  Read Replies (1) of 1713
 
The following is a brief research summary on Talisman dated September 21st by BMO Nesbitt Burns.

Rating: Top Pick
Price: $56.75
Target: $70.00
1999A CFPS: $8.60
2000E CFPS: $17.38
2001E CFPS: $17.55

Title: Suban-4 Well to Test Soon; Potential to Prove up Large Reserves Summary:

Talisman (36% WI) announced that the Suban-4 delineation well in South Sumatra Indonesia has reached the targeted depth of 3,200 metres, and preparations are under way to begin production testing.

Although a successful test could provide clarification regarding potential reserve estimates and provide significant long-term upside, potential production from this asset is likely well beyond our forecast horizon and has no impact on our current estimates. We are maintaining our Top Pick rating and $70 target.
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