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


To: John Sladek who wrote (326)6/14/1999 12:28:00 AM
From: Razorbak  Respond to of 1713
 
John: Good point. The net change in prices had a huge effect in FY98.

According to the 1998 Annual Report...

Principal Sources of Changes in Discounted Cash Flows:

Year Ended December 31, 1998

$ (1,089) millions of Canadian dollars


That's C$ 1.1 billion, about equal to one fifth of the company's total assets on the balance sheet at 12/31/98 (C$ 5.457 billion).

Fortunately, all of the net price decline in FY98 has been recovered (and then some) in 1H99!

Razor