Talisman Energy Flows High Quality Oil From Kurdamir-2 Well
CALGARY, ALBERTA -- (Marketwire) -- 11/19/12 -- Talisman Energy Inc.
(TSX:TLM) (NYSE:TLM) has confirmed a significant accumulation of
light oil in the Kurdamir-2 well in the Kurdistan Region of northern
"We are very excited to have found high quality oil with significant
flow rates in the lower part of the Oligocene formation," said
Richard Herbert, Executive Vice-President, Exploration. "We are
preparing to test two additional zones in the oil leg over the coming
weeks. Plans are underway to drill an appraisal well, Kurdamir-3,
adjacent to this discovery, in early 2013."
The cased-hole test was conducted in the deeper part of the Oligocene
formation and follows on the initial open-hole test conducted in
March 2012. The test targeted 20 metres of fractured reservoir below
the main porous zone. This zone tested at stabilized rates of up to
3,450 bbls/d of 38 degree API oil and 8.8 mmcf/d of natural gas over
a two-day period. The final rate was achieved on a 72/64" choke with
a wellhead flowing pressure of 810 psi. The results of this test
confirm the presence of an oil column of at least 146 metres in the
Oligocene reservoir, with no evidence yet of the oil-water contact
level. The deeper extent of the oil column will be appraised by the
drilling of the Kurdamir-3 well.
Talisman is operator of the Kurdamir Block, with a 40% working
interest. Joint venture participants include WesternZagros Limited,
with a 40% working interest, and the Kurdistan Regional Government,
with a 20% carried interest.
Talisman Energy Inc. is a global upstream oil and gas company,
headquartered in Canada. Talisman has three main operating areas: the
Americas (North America and Colombia), Southeast Asia and the North
Sea, with an active exploration program across all three. Talisman is
committed to conducting business safely, in a socially and
environmentally responsible manner, and is included in the Dow Jones
Sustainability (North America) Index. Talisman is listed on the
Toronto and New York stock exchanges under the symbol TLM. Please
visit our website at www.talisman-energy.com.
This news release contains information that constitutes
"forward-looking information" or "forward-looking statements"
(collectively "forward-looking information") within the meaning of
applicable securities legislation. This forward-looking information
includes, among others, statements regarding: business strategy,
priorities and plans; planned appraisal drilling in the Kurdistan
Region of northern Iraq; and other expectations, beliefs, plans,
goals, objectives, assumptions, information and statements about
possible future events, conditions, results of operations or
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The company believes the material factors, expectations and
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reasonable but no assurance can be given that these factors,
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forward-looking information contained in this news release. The
material risk factors include, but are not limited to: the risks of
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not exhaustive. Additional information on these and other factors
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Talisman Energy Inc. - Media and General Inquiries
David Mann, Vice-President
Corporate & Investor Communications
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Lyle McLeod, Vice-President
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