Canada's Talisman Energy and U.S. oil firm Marathon said they were quitting Polish shale gas operations, raising questions over the business sense of developing the deposits, once seen as a potential energy bonanza.Poland's government, determined to find a new source of energy to replace the imported Russian gas on which it depends, has trumpeted its rock formations as the biggest potential source of shale gas in Europe.The initial optimism among investors has been tempered by an unsettled regulatory landscape, and a downgrade of estimates for the size of potential reserves.U.S. oil major Exxon pulled out last year, citing disappointing drilling results, but the announcements from Marathon and Talisman on Wednesday added up to the most dramatic exodus from the sector to date.
Talisman Energy Inc. (Talisman), incorporated on May 01, 2010, is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 0.96% or $-0.1119/share to $11.52. In the past year, the shares have traded as low as $9.46 and as high as $15.21. On average, 5465490 shares of TLM exchange hands on a given day and today's volume is recorded at 1125823.
Talisman Energy Inc. (Talisman), incorporated on May 01, 2010, is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 1.28% or $-0.15/share to $11.54. In the past year, the shares have traded as low as $9.72 and as high as $14.69. On average, 2805750 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 1066666.
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