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


To: John Sladek who wrote (1252)6/18/2001 6:43:01 PM
From: John Sladek  Read Replies (1) | Respond to of 1713
 
thestar.com

Jun. 18, 2001. 04:42 PM

CALGARY (CP) - Talisman Energy said Monday its lucrative oil properties in war-torn Sudan are not worth the headaches of facing possible sanctions in the U.S., and president Jim Buckee hinted he's getting tired of controversial energy projects.

''I don't think anybody could afford not to have access to the US capital markets,'' Buckee said after speaking to analysts at a Canadian energy symposium in Calgary. ''A company our size or similar, you need to maintain that access.''

Buckee admitted his company was blindsided by an amendment to the Sudan Peace Act passed by the U.S. House of Representatives last week. If it becomes law, the measure would bar non-U.S. companies involved in oil development in Sudan from being listed on U.S. stock exchanges or raising capital on Wall Street.