TALISMAN KEY PRIORITIES Live Live within within our our means means Set Set capital capital spending spending budgets budgets that that can can be be funded funded by by operating operating cash cash flows flows Less…
TALISMAN FOCUS AND UNLOCK VALUE North Sea Producing areas Sinopec deal helps North America stabilize base Resource plays provide Exploration areas long-term growth Kurdistan Colombia building new core area acquisition,…
SOUTHEAST ASIA OPERATIONS SOUTHEAST ASIA PORTFOLIO SECURE BASE WITH FUTURE GROWTH Vietnam Vietnam HST/HSD HST/HSD Existing production base Sanctioned Sanctioned Dec Dec 2011 2011 Malaysia/Vietnam Malaysia/Vietnam First…
SOUTHEAST ASIA GROWTH AND FREE CASH FLOW Steady production growth* Sources and uses of cash mboe/d million 200 1,250 Cash flow** Fixed gas price Exploration and Oil-linked gas appraisal capex Liquids Development capex 1,000…
PM-3 CAA HIGH QUALITY OPERATING BUSINESS TLM block Production Oil field mboe/d 2011 2011 2016 2016 Gas field 50 42% 42% liquids liquids 44% 44% liquids liquids 40 Development Additional Vietnam opportunities Base 30…
CORRIDOR MAJOR CASH GENERATOR Production COPI COPI gas gas pipeline pipeline mmcfe/d Third Third party party pipeline pipeline 500 Additional opportunities 400 Base* Additional opportunities Gas sales Gas sales 300…
NORTH AMERICAN OPERATIONS NORTH AMERICA PORTFOLIO 840,000 shale acres in development or early piloting Eagle Ford one of the best returning plays in North America Duvernay testing for liquids Montney significant resource with…
LONG LIFE ASSETS PROVIDE LONG-TERM GROWTH North America contingent resources Estimated Q4 production tcfe mboe/d mcfe/d 100 600 Gas 10 Liquids 480 75 19 360 5 50 Total Total 240 40 3 40 tcfe tcfe 3 25 Montney…
MONTNEY SIGNIFICANT RESOURCE WITH FUTURE OPTIONS Greater Greater Cypress 12 12tcf Cypress tcfcontingent contingentresources resources TLM land Early development of 2,600 2,600net netwell welllocations locations Basin…
EAGLE FORD MAINTAIN OPERATIONAL MOMENTUM Liquids-rich play TLM land 2012 production guidance 14-17 mboe/d on track Improving drilling cycle times Significantly reduced egress constraints Key Keymetrics Key metrics(net…
NORTH SEA OPERATIONS MAXIMIZING VALUE FROM UK ASSETS THROUGH JOINT VENTURE TLM TLM block block Entered into an agreement with Sinopec Oil Oil field field Gas to sell 49% of UK business for 1.5 Gas field field billion,…
MONTROSE AREA REDEVELOPMENT EXTENDS ASSET LIFE, UNLOCKS RESERVES AND VALUE Production1 Montrose Montrose mboe/d Bridge Bridge Linked Linked Old COP* Near hub exploration New COP* Platform Platform 15 Infill Montrose Area…
INTERNATIONAL EXPLORATION EXPLORATION PORTFOLIO Poland Poland Leverage Leverage unconventional unconventional experience experience Malaysia Malaysia Colombia Colombia Kurdistan Kurdistan Sabah Sabah oil oil 33…
CPO-9 AKACIAS DISCOVERY IN LLANOS HEAVY OIL TREND Structure map on top Tertiary T2 reservoir (ft SS) Downdip extension of Chichimene Field Akacias-1 LKO -7125 AE-1 and AE-2 stratigraphic wells AE-2 LKO -7830 confirm presence of oil…
KURDISTAN BIG OIL POTENTIAL TLM block Kurdamir-1 Kurdamir-1 Kurdamir-1 Kurdamir-1 Well Gas condensate Topkhana-1 Topkhana-1 Kurdamir-3 Kurdamir-2 Kurdamir-2 Kurdamir-3 discovery Oil discovery Kurdistan Prospect Taq Taq Oil…
SIGNIFICANT LIQUIDITY WITH NO NEAR-TERM DEBT MATURITIES Fixed debt maturity schedule Liquidity Liquidity ( ( billion) billion) million 2,000 Net debt Dec 31, 2011 4.5 Preferred shares Estimated 2012 inflows 5.0-6.0 1,500…
TALISMAN KEY HISTORICAL DATA YTD 2012 2011 2010 2009 2008 2007 Daily production, before royalties Oil & liquids (mbbl/d) 169 178 189 211 224 241 Natural gas (mmcf/d) 1,609 1,491 1,367 1,283 1,247 1,265 Barrels of oil equivalent…
TALISMAN KEY HISTORICAL DATA --- US --- --- CAD --- YTD 2012 2011 2010 2009* 2008* 2007 Ratios and Key Indicators ( millions, except per share) Cash flow 2,347 3,434 2,954 3,961 6,163 4,327 Net Income (loss) (244) 776 945 437 3,519…
approvals may be delayed or withheld; and results of the Companys risk mitigation strategies, including insurance and any hedging activities. The foregoing list of risk factors is not exhaustive. Additional information on these and…
commerciality of resources is also subject to a number of risk factors, as discussed more fully above. Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from…
accepted accounting principles (CGAAP) then applicable to publically accountable enterprises. The financial information for 2011 and 2012 is presented in accordance with International Financial Reporting Standards (IFRS). Both IFRS and…