Talisman currently holds an interest in 4.4 million net acres (excluding Equión) and continues to have an active exploration program in the Llanos region, a proven hydrocarbon basin.
In the heavy oil trend of the Llanos regions, Talisman completed its six-well stratigraphic program in Block 6, which is adjacent to the producing Rubiales field. Further appraisal of the Block is being conducted with a multi-well stratigraphic appraisal well program which commenced late 2011 as well as the acquisition of 3D seismic data.
In May 2011, the Akacias discovery on Block 9 was placed on long-term test and continues to produce approximately 1,500-1,600 boe/d (gross) with cumulative production of 325,000 boe as at December 31, 2011. A multi-well appraisal well program commenced late 2011. In 2012, Talisman is planning to participate in the drilling of one exploration well on Block 9 and acquire 3D seismic data over Akacias.
In 2011, Talisman participated in an unsuccessful exploration well on the El Porton Block.
In 2012, Talisman is planning to conduct a two-well stratigraphic program on Block 8 and to participate in a 3D seismic and a multi-well exploration well program on Block 12.
In the Niscota Block, the Huron-2 appraisal well was spudded and continues to drill over year-end 2011. Additionally, another appraisal well (Huron-3) is planned in 2012.
