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

To: Tomas who wrote (669)	12/16/1999 10:05:00 AM
From: Tomas	Read Replies (1) \| Respond to of 1713

Talisman gas tops billion cubic feet a day - The Canadian Press, Dec.16 CALGARY (CP) - While political and investor attention has been focused on its oil operation in Sudan, Talisman Energy (TLM) has increased its output of natural gas - mostly in Canada - to more than one billion cubic feet per day. The company said Thursday that gas production in October averaged 1.007 billion cubic feet a day, up 28 per cent from a year earlier. Oil and liquids production averaged 207,539 barrels a day, up 45.5 per cent. Total daily production at Canada's biggest independent energy producer was 375,000 barrels of oil equivalent, up 37 per cent from October 1998. "Producing a billion cubic feet per day is an important milestone for Talisman," CEO Jim Buckee said in a statement. "Estimated cash flow in October was $140 million and we are on track for a phenomenal fourth quarter. This growth will continue next year, with expected production of over 400,000 barrels of oil equivalent per day." The controversial Sudanese operation - linked by human-rights and church groups to civil war and slavery in the African country - accounted for just under half of Talisman's year-over-year oil production increase. Talisman's share of the newly on-stream venture amounted to about 34,400 barrels a day in October, compared with 70,000 barrels a day produced in Canada and 75,000 in the North Sea. Production in Indonesia fell 14 per cent to 28,100 barrels a day. Talisman's Western Canada gas operations produced 787 million cubic feet a day, while its North Sea unit averaged 109 million and Indonesia produced 111 million. Talisman's realized oil price averaged $29.52 a barrel, up 59 per cent from a year earlier, while natural gas prices rose 10 per cent to $2.53 per thousand cubic feet. southam.com

To: Tomas who wrote (669)	12/17/1999 5:50:00 AM
From: Edward M. Zettlemoyer	Read Replies (2) \| Respond to of 1713

Tomas and all, <In a high-risk region such as southern Sudan, failure to have a superb intelligence-gathering system would be a breach of fiduciary duty to Talisman shareholders.> Talisman is not in the business of spying, and on the contrary I feel that the lack of a superb intelligence-gathering system is a direct reflection of the poor quality of journalism coming out of Sudan. In his position, and as a shareholder, I feel Mr Buckee is doing a great job as CEO of Talisman. As far as all you hit and run reporters out there, how about logging on to this forum and I will tell you exactly what I think about the job you are doing and how to make it better. Ed