MAR 4, 2009 - 17:22 ET
CALGARY, ALBERTA--(Marketwire - March 4, 2009) - (TSX:TLM) (NYSE:TLM) Talisman Energy Canada and its affiliate, Fortuna (US) L.P., (collectively, Talisman) have entered into an agreement with Crescent Point Resources L.P and TOG Partnership, an affiliate of Tristar Oil & Gas Ltd., who will purchase Talisman's southeast Saskatchewan and Daniels County, Montana assets for total proceeds of approximately C$720 million.

"This is in keeping with our strategic objective to focus Talisman's portfolio on material, core assets," said John A. Manzoni, President and Chief Executive Officer. "Although southeast Saskatchewan has been part of our legacy, the majority of our capital spending and effort in North America going forward will be deployed to accelerate success in our unconventional natural gas plays."