PGS Closes Pertra Sale With Talisman

PGS has closed the previously announced sale of its wholly-owned oil subsidiary, Pertra AS, to Talisman Energy (UK) Limited, a wholly owned subsidiary of Talisman Energy Inc. The transaction was closed under the same terms and conditions previously described in the press release of February 1, 2005 and the quarterly report dated February 25, 2005.

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Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
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