Talisman Confirms Gas Condensate Discovery Onshore Colombia

Talisman (Colombia) Oil & Gas Ltd., a wholly owned subsidiary of Talisman Energy, has announced a significant gas condensate field discovery in the Niscota Block of the Andes foothills, located 300 kilometers north east of Bogota, Colombia.

In the Niscota Block, the Huron-1 well, which was spudded in June last year, has been drilled to a current depth of 18,275 feet in a heavily faulted area and encountered several reservoirs. One reservoir was tested at 3,400 bbls/d of gas condensate. The well is currently being deepened to complete the evaluation of the prospective section. Further logging and testing is planned.

Talisman holds a 30% interest in the Block, with Tepma holding a 50% interest and Hocol S.A.(Operator) holding the remaining 20% interest.


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