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Thursday, June 12, 2014

Talisman reviewing $4 billion Asia assets for possible sale-sources, (NYSE: TLM), (TSE: TLM.TO)

Canada's Talisman Energy Inc is reviewing its Asian oil and gas portfolio, valued at about $4 billion, which could lead to a partial or full sale, people familiar with the matter said.Talisman, Canada's No. 5 independent oil producer, has been slimming its operations and cutting debt in an effort to boost its share price to satisfy disgruntled and activist investors such as Carl Icahn.The review marks a major shift in business strategy for a company that classifies its Asian portfolio as a core asset, and the review will force Talisman to make some tough choices.It is unclear whether it will opt to sell the entire portfolio or retain some assets, the people added. A partial listing of the assets is one of the options being discussed, they added.

Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM traded higher by 0.19% or $0.02/share to $10.37. In the past year, the shares have traded as low as $9.63 and as high as $13.38. On average, 3409970 shares of TLM exchange hands on a given day and today's volume is recorded at 2786144.

Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. Shares of TLM fell by 0.09% or $-0.01/share to $11.26. In the past year, the shares have traded as low as $10.68 and as high as $13.83. On average, 2287050 shares of TLM.TO exchange hands on a given day and today's volume is recorded at 2228481.



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