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Wednesday, June 11, 2014

Indonesia's Pertamina in talks over Talisman's Duvernay assets, (NYSE: TLM), (TSE: TLM.TO)

Indonesia's state energy firm Pertamina is in talks with Canadian energy company Talisman Energy Inc about a potential partnership in Alberta's Duvernay shale play, Pertamina chairman Dr Sugiharto said on Wednesday.Speaking at an energy conference in Calgary, Alberta, Sugiharto said discussions were in their initial phases but Talisman had huge undeveloped reserves in the Duvernay and Pertamina should be able to develop a partnership in Canada."We spent the whole morning yesterday with them and met their CEO, they made a full presentation about the Duvernay blocks," Sugiharto said, speaking to reporters after a speech."I believe having experienced since 1998 partnership with Talisman we should be able to develop a partnership here in Canada."

Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 2.85% or $0.2875/share to $10.38. In the past year, the shares have traded as low as $9.63 and as high as $13.38. On average, 3380480 shares of TLM exchange hands on a given day and today's volume is recorded at 3654490.

Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 1.62% or $0.18/share to $11.27. In the past year, the shares have traded as low as $10.68 and as high as $13.83. On average, 2224820 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 3212756.



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