News from Reuters

Wednesday, March 01, 2006

CALGARY, Alberta (Reuters) - Talisman Energy Inc. said on Wednesday fourth-quarter profit rose sharply on robust oil and natural gas prices and said production momentum would stay strong through this year.

The Calgary-based company, which operates in Canada, the United States, southeast Asia and the North Sea, said net income rose to C$533 million, or C$1.42 a share, from C$121 million, or 31 Canadian cents a share, in the year-earlier quarter.

($1=$1.14 Canadian)

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