DBRS Comments on Talisman Energy Inc.’s Non-Core Coal Asset Sale

DBRS notes that Talisman Energy Inc. (Talisman or the Company) has today announced that it entered into an agreement to sell certain non-producing, non-core coal properties in northern British Columbia to Xstrata Coal for $500 million. The transaction is expected to close in March 2012.

Proceeds from the sale are expected to be used to bolster the Company’s strategic asset growth initiatives through reinvestment in core assets.

The Sukunka coal property covers an area of over 20,000 acres in northern British Columbia and contains an underground deposit of coking coal.

Notes:
All figures are in U.S. dollars unless otherwise noted.

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