Talisman Energy: Significant Gas Find in North BC Foothills

Talisman Energy has drilled a successful natural gas well in the foothills area of northeastern British Columbia with Husky Oil Operations Limited (50%). The Talisman Husky Federal d-28-H/94-B-7 well tested at restricted rates of 21 to 25 mmcf/d (gross raw gas) with a flowing wellhead pressure of 2,300 psi. The well is expected to commence production by November 2007.

"This is an exciting result in a new area," said Dr. Jim Buckee, President and Chief Executive Officer. "Using our extensive thrust and fold belt exploration experience, we have opened up a new high potential area north of Monkman and we are well positioned from a land perspective."

The Federal well was drilled along a new exploration fairway. The new discovery is approximately 100 kilometers north of Talisman's Monkman area. The Company has identified two 100% opportunities on the structure, which it expects to drill in 2007 and 2008. Talisman holds rights to approximately 10,000 gross hectares in the region.

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Brent Crude Oil : $56.86/BBL 0.76%
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