Talisman Energy Inc. (TLM) Message Board

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Gold/Mining/Energy : Talisman Energy Inc. (TLM)

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To: Dennis Roth who wrote (40)	3/2/2008 9:08:50 PM
From: Jim P.	Read Replies (1) of 82

Hi, Dennis, I listened to the earnings report and read the last 3 annual reports. Talisman took a big hit to present value calculations with the new CEO. They took a little bit of a bath in the 4th Q with dry hole expense and choosing not to book reserves for Asia. Also have lots of potential in non-conventional oil and gas. They mentioned starting to look into tight gas and the Bakken oil play. It looks like thier Carlyle area is a possible Bakken play. I cannot find any info on amount of land they have in the Carlyle area but it looks like that area or maybe the Shaunavon area for Bakken reserves. The CEO made point of saying that the reserve bookings for TLM were not comparable to some other companies indicating that they were very conservative. It is fairly common for a new CEO to load the transition year with as much negatives to make it easier to look good going forward. Do you follow this company close Dennis? Any thoughts? Jim Pype

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