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Article: Talisman Energy Reports $1.2 Billion in Cash Flow Solid Operational and Financial Results
- Article from:
- CCNMatthews Newswire
- Article date:
- April 30, 2008
CopyrightCopyright 2008 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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CALGARY, ALBERTA--(Marketwire - April 30, 2008) - 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, 11% below the first quarter
of 2007, and ...