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Gold/Mining/Energy : TLM.TSE Talisman Energy -- Ignore unavailable to you. Want to Upgrade?

To: Razorbak who wrote (322)	6/14/1999 12:22:00 AM
From: John Sladek	Read Replies (1) \| Respond to of 1713

Razor, The asset write-downs are no doubt important to look at, but given that oil prices had slid by so much at the time of the report, it paints a bleaker picture than maybe the case. As you are aware, oil prices have recovered substantially since the annual report was filed, and natural gas has been pretty firm as well. Here's some links that you might find useful: Brent Oil Prices: oilworld.com NYMEX Oil Prices: oilworld.com From 1998 annual report: earning and cash flow (including impact of hedging activities). Approximate Impact in millions of dollars Canadian <Pre> Price Changes Earnings Cash Flow Oil - US $1.00 per barrel 45.9 63.2 Natural Gas $0.10 per mcf 4.0 7.2 Note: Price sensitivity on natural gas is for Canadian natural gas only. Exposure to changes in North Sea gas price is limited due to fixed-price and oil-price referenced contracts. Best Regards, John Sladek