Talisman: N. Africa, S. America Production Increases Spur Addtl Exploration

Talisman Energy reported that in North Africa, production averaged 16,342 boe/d, a 2% increase over the same period in 2007. Production in Algeria increased over 2007 due to the tie-in of new production and injection wells as part of the Greater MLN Phase 2 project. The Phase 2 expanded gas injection facilities are being commissioned.

In Trinidad and Tobago, production averaged 5,690 bbls/d, a 6% increase over the same period a year earlier, as increases from 2007 development drilling were partly offset by natural declines. Pre-development activities continue for the Angostura Phase 2 gas development project.

In Peru, preparations continue towards drilling an appraisal well at the Situche discovery, which is expected to spud at the end of 2008.