Talisman Energy to Sell Portion of Montney Position to Progress Energy Canadafor $1.5B

Talisman Energy INYSE: TLM) announced that it has reached an agreement to sell part of its Montney acreage in northeast British Columbia to Progress Energy Canada Ltd. for a total cash consideration of CDN$1.5 billion. The transaction represents the sale of approximately:-- 75% (approx. 127,000 net acres) of Talisman's