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

To: Tomas who wrote (1246)	6/14/2001 8:49:33 PM
From: Tomas	Read Replies (1) \| Respond to of 1713

Talisman Energy Says It Won't Be Affected by New U.S. Legislation on Sudan CALGARY, June 14 (Canadian Press) - Talisman Energy Inc. said it won't be affected by proposed new U.S. legislation against companies operating in Sudan, and is adamant that its presence there encourages improved human rights in the war-torn African country. The oil producer also emphasized Thursday that it is complying with the laws of every country in which it operates. The Calgary company issued these statements early Thursday after U.S. legislators approved a bill that included measures that would prevent foreign companies from being listed on U.S. stock exchange if they're invovled in oil exploration in Sudan, an area of Africa that's been embroiled in a bloody and violent 18-year civil war. The proposed legislation still needs Senate and presidential approval before becoming law. "We are in compliance with all laws in the jurisdictions in which we operate, including the laws of the United States, and intend to remain in compliance," Jim Buckee, Talisman's president and CEO, said in a statement Thursday. "I believe our presence in Sudan is positive. While in Sudan Talisman continues to be a strong advocate for human rights and carries out major humanitarian programs," he added. Talisman shares trade on the New York and Toronto stock exchanges. It owns a 25-per-cent interest in Sudan's major oil development, the Greater Nile Petroleum Operating Co., with partners that include the state oil companies of China, Malaysia and Sudan. With a minority stake in the Sudanese oil development, Talisman says the Calgary company, as a corporate entity, is not operating in the area. As a result, the company says it should not be affected by the proposed U.S. law.