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Article: Talisman Energy Reports $1.2 Billion in Cash Flow Solid Operational and Financial Results.
- Article from:
- Canadian Corporate News
- Article date:
- April 30, 2008
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Copyright informationCOPYRIGHT 2008 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, ALBERTA, Apr 30, 2008 (Marketwire via COMTEX) -- Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) reported its operating and financial results for the first quarter of 2008.
- Cash flow(1) during the quarter was $1.2 billion, an increase of 23% from a year ago. Cash flow from continuing operations(1) was also $1.2 billion, up 24% from the same period a year ago and up 17% from the fourth quarter of 2007.
- Net income was $466 million, down 10% from a year earlier, mainly due to gains on asset sales in the prior year.
- Earnings from continuing operations(1) were $476 million, up 76% compared to the first quarter in 2007.
- Production averaged 419,000 boe/d, ...