TALISMAN ENERGY INC
SymbolTLM

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Talisman Energy Reports $838 Million Cash Flow in Third Quarter

2009-11-03 05:00 ET - News Release

CALGARY, ALBERTA -- (MARKET WIRE) -- 11/03/09

Talisman Energy Inc. (TSX: TLM) (NYSE: TLM) reported its operating and financial results for the third quarter of 2009.

- Cash flow(1) during the quarter was $838 million, a decrease from $1.7 billion a year ago, primarily due to lower prices. Year-to-date cash flow was $3 billion.

- Net income was $30 million, down from $1.4 billion a year earlier, also driven by lower commodity prices and the impact of prior year hedging gains.

- Earnings from continuing operations were $155 million, compared to $125 million in the second quarter and $654 million in the third quarter of 2008.

- Production averaged 401,000 boe/d, 9% below the third quarter of 2008. Year-to-date, production from continuing operations averaged 412,000 boe/d, 2% above last year.

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