News from Reuters

Talisman Energy fourth-quarter profit rises

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)

© Reuters Limited. All Rights Reserved.
Reproduction or redistribution of Reuters content, including framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.