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Stock Market & Financial Investment News

News Breaks
November 12, 2012
16:48 EDTTLM, SNPSinopec chairman rules out Talisman takeover, WSJ says
Sinopec (SNP) chairman Fu Chengyu said that the company may look to expand its partnership with Talisman Energy (TLM) in the future but that takeovers of companies, including Talisman, is not part of the company's long term expansion plan, according to a Wall Street Journal report. Sinopec acquired a 49% stake in Talisman in July. Reference Link
News For TLM;SNP From The Last 14 Days
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November 21, 2014
08:15 EDTTLMTalisman Energy, Ecopetrol announce discovery in Block CPO-9, Colombia
Talisman Energy (TLM) affiliate Talisman Oil & Gas and Ecopetrol S.A. (ECP) have proven the presence of hydrocarbons in the Nueva Esperanza-1 exploratory well, located in block CPO-9, Department of Meta, Colombia. The Nueva Esperanza-1 well was spudded on July 18, 2014 and reached total depth at 12,056 feet on September 26, 2014. During an initial 8-day flow test using an electro submersible pumping system, 309 feet of perforations in the T2 formation stabilized at a daily flow rate of 910 barrels of 8 degrees API crude oil with less than 2% water cut during the last day of flow. Talisman and Ecopetrol are jointly analyzing the results and will file an application with the Colombian authorities to place the Nueva Esperanza-1 well on long-term test. Approval has been granted to drill two down-dip appraisal wells, the first of which, Nueva Esperanza-2, started drilling operations on November 16.
November 17, 2014
14:02 EDTTLMTalisman Energy rises 1.6% to $5.78 following report on pipeline sale talks
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14:01 EDTTLMTalisman in talks to sell Marcellus pipelines valued at over $1B, Bloomberg says
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