Talisman Increasing North American Unconventional Exploration

Talisman Energy announced that it has increased it's capital budget and drilling program for North America from $1B to $1.5B and from 130 wells to 160. Allocation to the Marcellus was not disclosed but the company reported having mobilized its first dedicated rig to the play. Through its partner (presumably Fortuna),one horizontal and two verticals were completed in the Marcellus with very favorable results and are in the cleanup phase.

Full Story at http://cnrp.ccnmatthews.com/client/talisman_energy/release.jsp?actionFor=883544&year=2008&releaseSeq=0&disclaimer=1