Talisman Energy Deepens Strategic Partnership With Sasol in Montney Shale Play
Talisman Energy Inc. (TLM.TO) announced on Tuesday that it is deepening its strategic relationship with Sasol Limited in the Montney shale play, to include the sale of a 50% net working interest in its Cypress A assets, for a total consideration of C$1,050 million.
John A. Manzoni, President and CEO of Talisman said "This transaction allows Talisman and Sasol to unlock additional value in the world-class Montney shale play and potentially accelerate development of the resources in the area."
Talisman will operate and manage the Cypress A and Farrell Creek areas as an integrated development project.
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