AN26: Talisman Energy Inc.: Talisman Energy announces agreement to exit
UK Regulatory Announcement
Talisman Energy Poland B.V. (Talisman) has reached an agreement to transfer
its interests in Poland to its partner San Leon Energy (San Leon).
San Leon will acquire 100% of the shares of Talisman Energy Polska Sp. z o.o.
(100% held by Talisman Energy Poland B.V.), including all assets and drilling
equipment. The deal enables Talisman to exit the country with no outstanding
commitments or liability.
"Talisman’s decision to exit Poland is driven by our strategic priority to
focus on production within our two core areas: the Americas and Asia-Pacific,”
said Paul Warwick, Executive Vice-President, Europe-Atlantic. "Although
encouraged by the preliminary results of our drilling program, we need to
focus on what is important to our shareholders. I am proud of what our team
has accomplished in Poland: a technically successful drilling program and
strong relationships with key stakeholders.”
Talisman signed a farm-in agreement with San Leon in 2010 to earn a 30%
working interest in three blocks in the Baltic Basin. Talisman drilled one
vertical well in each block. Talisman has closed its office in Warsaw.
Talisman Energy Inc. is a global upstream oil and gas company, headquartered
in Canada. Talisman has two core operating areas: the Americas (North America
and Colombia) and Asia-Pacific. 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).
For further information, please contact:
Media and General Inquiries: Shareholder and Investor Inquiries:
Phoebe Buckland Lyle McLeod
Manager, External Communications Vice-President, Investor Relations
Phone: 403-237-1657 Phone: 403-767-5732
Email: firstname.lastname@example.org Email: email@example.com
Talisman Energy Inc.
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