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Message: Re: Talisman Energy Budgets $5.2 Billion in Capital Spending for 2010 Major Increase

Marcellus and Montney get the most of it this year in NA but two additional horizontal wells for Quebec. If the test results are great in February, this could change imho

"In the Marcellus, we will gradually increase from the current six rigs, up to 10 by year end. We expect to exit 2010 producing between 250-300 mmcf/d, up from 65 mmcf/d at the end of 2009. In the Montney, we expect to drill 35-40 horizontal wells, starting commercial development in the Greater Cypress and Farrell areas. In Quebec, we will test our first horizontal pilot well, which was drilled in 2009, with plans for two additional horizontal wells this year."

Inceptus



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