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Message: UPDATE 2-Talisman to sell non-core assets in overhaul plan

UPDATE 2-Talisman to sell non-core assets in overhaul plan

posted on May 20, 2008 03:09PM
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Excerpt:

"Most of the new 2008 spending will be directed at unconventional gas plays in North America, the company said.

Prospects like tight sands and shale gas plays -- which require numerous wells and high-tech rock fracturing techniques -- have created a buzz in the industry as several players have announced finds in the trillions of cubic feet.

Talisman has such prospects in British Columbia and Quebec as well as in the Appalachian region of the United States, and may spend as much as C$1.3 billion evaluating them, it said. ($1=$0.99 Canadian) (Editing by Rob Wilson)"

http://www.reuters.com/article/marke...

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