ADVISORIES Oil and Gas Information National Instrument 51-101 (NI 51-101) of the Canadian Securities Administrators imposes oil and gas disclosure standards for Canadian public companies engaged in oil and gas activities. Talisman has…
ADVISORIES BOE Conversion Throughout this presentation, barrels of oil equivalent (boe) are calculated at a conversion rate of six thousand cubic feet (mcf) of natural gas for one barrel of oil (bbl). This presentation also includes…
TALISMAN FOCUS AND UNLOCK VALUE North Sea Producing areas Sinopec deal helps North America stabilize base Resource plays provide Exploration areas long-term growth European shale Kurdistan Colombia building new core…
TALISMAN KEY PRIORITIES Live within our means Set capital spending budgets that can be funded by operating cash flows Less reliance on asset sales to fund capital program Pay down debt, strengthen balance sheet and build financial…
SOUTHEAST ASIA PORTFOLIO SECURE BASE WITH FUTURE GROWTH Vietnam HST/HSD Existing production base Sanctioned Dec 2011 Malaysia/Vietnam First oil 2H 2013 Development PM-3 CAA 36 mboe/d* Vietnam Nam Con Son Exploration 32/boe…
HIGH NETBACK PORTFOLIO Portfolio mix Southeast Asia 3Q 2012 YTD gas price realization and netbacks Percentage (%) /mcf 9.41 2.93 Fixed gas price contracts 0.85 Oil-linked gas price contracts 5.63 Liquids 38% Realized price…
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…
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 future options Marcellus…
WESTERN CANADA LAND, INFRASTRUCTURE, EXPERIENCE British TLM land Strategic competitive advantage Columbia Midstream pipeline Emerging liquids rich plays in Montney Facility Edson area Fort St. John Alberta 860 mmboe unrisked…
PROGRESSING DUVERNAY SHALE Significant land position of TLM land Grande Prairie TLM well 350,000 net acres North Shale fairway Duvernay Fir 1-18 Gas pipeline Encouraging early industry results 165,000 net acres Kaybob S 12-16…
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 Key metrics metrics (net (net…
MAXIMIZING VALUE FROM UK ASSETS THROUGH JOINT VENTURE TLM block Entered into an agreement with Sinopec Oil field Gas field to sell 49% of UK business for 1.5 billion, expected to close 4Q 2012 UK Allows renewal and upgrade of…
KURDISTAN BIG OIL POTENTIAL TLM block Kurdamir-1 Kurdamir-1 Well Gas condensate Topkhana-1 Kurdamir-3 Kurdamir-2 discovery Oil discovery Kurdistan Prospect Taq Taq Oil field Oligocene Gas field reservoir Topkhana-1…
SUMMARY Track record of growing cash flow and generating free cash flow Southeast Asia Strong reputation and relationships position Talisman competitively in the region Well positioned in five major North American resource…
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