Talisman Energy Flows High Quality Oil From Kurdamir-2 Well

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
performance. The factors or assumptions on which the forward-looking
information is based include: assumptions inherent in current
guidance; projected capital investment levels; the flexibility of
capital spending plans and the associated sources of funding; the
successful and timely implementation of capital projects; the
continuation of tax, royalty and regulatory regimes; ability to
obtain regulatory and partner approval; commodity price and cost
assumptions; and other risks and uncertainties described in the
filings made by the company with securities regulatory authorities.
The company believes the material factors, expectations and
assumptions reflected in the forward-looking information are
reasonable but no assurance can be given that these factors,
expectations and assumptions will prove to be correct.  
Undue reliance should not be placed on forward-looking information.
Forward-looking information is based on current expectations,
estimates and projections that involve a number of risks which could
cause actual results to vary and in some instances to differ
materially from those anticipated by Talisman and described in the
forward-looking information contained in this news release. The
material risk factors include, but are not limited to: the risks of
the oil and gas industry, such as operational risks in exploring for,
developing and producing crude oil and natural gas; risks and
uncertainties involving geology of oil and gas deposits; the
uncertainty of reserves and resources estimates and underlying
reservoir risk; the uncertainty of estimates and projections relating
to production, costs and expenses; potential delays or changes in
plans with respect to exploration or development projects or capital
expenditures; fluctuations in oil and gas prices; and risks in
conducting foreign operations. The foregoing list of risk factors is
not exhaustive. Additional information on these and other factors
which could affect the company's operations or financial results or
strategy are included in Talisman's most recent AIF. In addition,
information is available in the company's other reports on file with
Canadian securities regulatory authorities and the SEC.
Forward-looking information is based on the estimates and opinions of
the company's management at the time the information is presented.
The company assumes no obligation to update forward-looking
information should circumstances or management's estimates or
opinions change, except as required by law.  
Production volumes are stated on the basis of a 100% interest prior
to the deduction of royalties and similar payments.  
Unless the context indicates otherwise, references to "Talisman" or
the "company" include, for reporting purposes only, the direct or
indirect subsidiaries of Talisman Energy Inc. and partnership
interests held by Talisman Energy Inc. and its subsidiaries. Such use
of "Talisman" or the "company" to refer to these other legal entities
and partnership interests does not constitute a waiver by Talisman
Energy Inc. or such entities or partnerships of their separate legal
status, for any purpose.
Talisman Energy Inc. - Media and General Inquiries
David Mann, Vice-President
Corporate & Investor Communications
Talisman Energy Inc. - Shareholder and Investor Inquiries
Lyle McLeod, Vice-President
Investor Relations
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