TALISMAN ENERGY 2012 RESULTS SINOPEC AND KINABALU DEALS COMPLETE $3 BILLION ANNUAL CASH FLOW POSITIONED FOR FOCUSED DELIVERY IN 2013
CALGARY, Alberta, February 13, 2013 – Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) reported its operating and (unaudited) financial results for 2012. All values in this release are in US$ unless otherwise stated.
Hal Kvisle was appointed President and Chief Executive Officer on September 10, 2012, and has set four strategic priorities for the company.
Production was 426,000 boe/d, exceeding guidance. Liquids growth in Southeast Asia, Colombia and the Eagle Ford, and higher gas volumes in North America, offset North Sea declines.
Cash flow1 for the year was $3 billion, down 12% compared to 2011 due to lower North American
natural gas prices and lower North Sea volumes, partially offset by growing volumes in Asia. Cash flow per share1P P was $2.95 versus $3.36 in ...