News from Reuters
Talisman Energy profit rises on robust oil prices
Wednesday, March 01, 2006
CALGARY, Alberta (Reuters) - Talisman Energy Inc.
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 ($468 million), or C$1.42 a share, up from C$121 million, or 31 Canadian cents a share, in the year-earlier quarter.
Cash flow, used by investors as a gauge of ability to fund new projects, was C$1.47 billion, or C$4.01 a share, up from C$679 million, or C$1.78 a share, a year earlier.
Production in the fourth quarter averaged 516,000 barrels of oil equivalent, up 14 percent from the 451,000 barrels of oil equivalent produced in same period in 2004.
(Additional reporting by Christopher Kaufman in New York)
© 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.