Talisman’s common shares are widely held and listed on the Toronto and New York stock exchanges under the symbol TLM. The Company had 128 million shares outstanding at year end. Talisman is an $11 billion company, employing 1,758 in its North American and international operations. The Company’s headquarters are in Calgary, Alberta, Canada. Established as an independent company in 1992, Talisman has a track record of growth and creating value for its shareholders. Over the past 11 years, the Company has grown production per share at an average compound annual rate of 10%. Talisman is committed to continuing production per share growth of at least 5-10% per annum. Talisman generated a record 2.7 billion in cash flow in 2003. The Company produced 398,000 boe/d and at year end had 1.4 billion boe of proved reserves that are predominantly natural gas and light oil. Talisman plans to spend $2.3 billion on exploration and development in 2004.
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