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Talisman Energy: Final Bids For Kitan Oil Project Stake Due Late June

SYDNEY -(Dow Jones)- Talisman Energy Inc. (TLM) said Thursday there is good interest from potential buyers of its 25% stake in the Kitan oil development in the Timor Sea, and it is expecting final bids toward the end of this month. The auction comes as benchmark oil prices continue to be above $100 a barrel as demand recovers in major markets such as the U.S. and unrest in the Middle East and North Africa clouds the outlook for supply, especially in Libya where crude exports have stopped. The Kitan oil field, discovered early in 2008 in permit area JPDA 06-105 between Australia and East Timor, is due to start up in the second half of this year at an initial rate of 40,000 barrels of crude a day. "We are not prepared to talk to the number of bidders or who is on the shortlist--except to say good interest in the asset and we are expecting final bids in the latter part of June," said David Mann, Talisman's vice-president of corporate communications. Kitan is operated by Italy's Eni SpA (E) with a 40% stake, and Japan's Inpex Corp. (1605.TO) holds the remaining 35% interest. -By David Winning, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com

Stock News for Talisman (TLM)
DateTimeHeadline
07/30/201516:32:17Report of Foreign Issuer (6-k)
05/26/201508:49:03Here's What Billionaire Activist Carl Icahn Has Been Buying and...
05/15/201514:23:20Report of Foreign Issuer (6-k)
05/15/201514:22:29Report of Foreign Issuer (6-k)
05/14/201516:32:01Report of Foreign Issuer (6-k)
05/11/201511:56:14(25-NSE)
05/08/201509:43:12Report of Foreign Issuer (6-k)
05/07/201517:08:53Report of Foreign Issuer (6-k)
05/07/201508:32:32Report of Foreign Issuer (6-k)
05/07/201508:32:32Report of Foreign Issuer (6-k)
05/07/201506:09:08Repsol First-Quarter Profit Slides
05/07/201506:07:55Repsol First-Quarter Profit Slides on Lower Oil Prices
05/04/201510:27:45Talisman Energy Rating Increased to Hold at Zacks (TLM)
05/04/201506:02:42Report of Foreign Issuer (6-k)
05/01/201509:41:06Repsol Chief Executive Josu Jon Imaz Set to Tackle Talisman Takeover
04/30/201511:56:32Correction to Story on Repsol Saying Talisman Takeover Expected...
04/30/201511:05:16Report of Foreign Issuer (6-k)
04/30/201506:55:53Repsol Says Talisman Takeover Expected to Close 8 May
04/28/201510:55:06Report of Foreign Issuer (6-k)
03/26/201511:56:20Repsol Chairman Antonio Brufau to Hand Remaining Powers to CEO

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