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Gold/Mining/Energy : TLM.TSE Talisman Energy

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To: Greywolf who wrote (1232)	5/28/2001 8:13:07 PM
From: Greywolf	Read Replies (1) of 1713

Talisman extends Ross field 21:31 GMT Canadian independent Talisman Energy has boosted reserves at the Ross field in the UK North Sea having discovered a northerly extension to the reservoir. The company announced today that exploration well 13/29b-7 - dubbed Neso - located five kilometres to the northeast of the Ross field production vessel (FPSO), found an oil column in the Jurassic-aged Ross and underlying Parry formations. The well was tested and flowed at 2,200 barrels per day. Talisman holds an 80% interest in the 13/29b licence block with Paladin Expro holding the remaining 20%. The well was drilled by the semisub Ocean Princess. Talisman said: "The well data indicates that this well has pushed the northern extension of the Ross Field into the adjoining acreage". It is believed that incorporation of this area into the existing Ross Field development, via an additional development well, will result in further Ross field reserves. Talisman president and chief executive officer Jim Buckee said: "Discussions will now take place between the current Ross field owners and the block 13/29b owners regarding incorporation of this area into the Ross development." Upstream

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