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


To: Tomas who wrote (1261)7/12/2001 10:06:14 PM
From: Tomas  Read Replies (1) | Respond to of 1713
 
Wiser shuffles with Talisman
Upstream, July 12

The Wiser Oil Company's Canadian subsidiary has acquired producing properties and exploration acreage from Talisman valued at $25.3 million in exchange for producing properties valued at $16.2 million and $9.1 million cash.

Effective as of 1 January 2001, Wiser Canada and Talisman also exchanged various operated and non-operated working interests in oil and gas fields in central and western Alberta.

The major properties that Wiser Canada ceded to Talisman were its interests in the Pine Creek, Sunchild and Portage fields, where Talisman already has a strong operating presence.

In exchange, Wiser Canada received from Talisman exploration acreage in the Hinton area and certain interests in Talisman's non-strategic areas of Evi-Loon and Chinchaga.