Talisman Deal Adds Further Growth - UBS - trackseekingalpha

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Talisman Deal Adds Further Growth - UBS
Jun 16, 2009 08:47 PM UTC

trackseekingalpha

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Symbol	Sentiment	Start	Return	Closed
PNG	n/a
TLM	n/a

Via Long Investment Ideas from Seeking Alpha:

Talisman Energy Inc. (TLM) continues to bulk up its production in Southeast Asia with the $186.6-million acquisition of British oil and gas explorer Rift Oil Plc, whose primary assets are on-shore in Papua New Guinea ((PNG)).

While the implied acquisition cost for these undeveloped gas reserves is $0.23 mcfe, UBS analyst Andrew Potter notes that there is substantial exploration upside.

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