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Talisman Posts Net Loss; Talks Repsol Offer, 4Q

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Talisman Posts Net Loss; Talks Repsol Offer, 4Q

Talisman Energy Inc. reported its operating and unaudited financial results for 2014. All values are in US$ unless otherwise stated.

Hal Kvisle, President and CEO, commented: "Our 2014 results reflect the significant progress we made throughout the year to improve the reliability and predictability of our company. Production from ongoing operations for the year averaged 357,000 boe/d, up 6% over 2013, with liquids accounting for approximately 40% of production. Capital spending(1) was approximately $3 billion in 2014, down approximately 5% from 2013, reflecting our disciplined commitment to focus our capital program. Cash flow 1 was $2.2 billion in 2014, in line with 2013, despite the significant decline of the global commodity price environment in the second half of last year. Including…

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