This well was the 54th successful well drilled by Talisman in the Alberta Foothills since 2003. The region is an emerging growth area for Talisman. The Company recently set a new weekly production record of 185 mmcf/d in the Alberta Foothills. Talisman currently has approximately 55 mmcf/d of raw sales gas behind pipe in the region which is in the process of being tied in to the Talisman operated Lynx and Palliser Pipelines, as well as other area facilities.
Talisman has approximately 200 leads in the Alberta Foothills, with approximately 740,000 gross acres of land and estimated prospective resources of three trillion cubic feet of natural gas. Talisman is currently drilling 11 wells in the region and has plans to drill 30 gross wells in 2007.
"This is one of the best wells ever drilled in the Alberta Foothills," said Dr. Jim Buckee, President and Chief Executive Officer. "This latest well continues to demonstrate Talisman's pre-eminent position in the deeper, high deliverability parts of the basin. Our track record, land position, technical skills and Talisman operated infrastructure give us a strong, competitive advantage in the Foothills."
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