Canadian Oil

[kraftdinner]

Talisman JV drills "significant" well in B.C. foothills


2007-03-13 07:00 MT - News Release

Dr. Jim Buckee reports

TALISMAN ENERGY MAKES SIGNIFICANT GAS DISCOVERY IN NORTHERN BC FOOTHILLS

Talisman Energy Inc. has drilled a successful natural gas well in the foothills area of northeastern British Columbia with Husky Oil Operations Ltd. (50 per cent). The Talisman Husky Federal d-28-H/94-B-7 well tested at restricted rates of 21 to 25 million cubic feet per day (gross raw gas) with a flowing wellhead pressure of 2,300 pounds per square inch. 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 kilometres north of Talisman's Monkman area. The company has identified two 100-per-cent 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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