M&A

3 November, 2009

BRIEF-Talisman boosts capex, may sell assets

CALGARY, Alberta, Nov 3 (Reuters) - Talisman Energy Inc (TLM.TO):

* Sees boosting 2009 capital expenditure budget to C$4.5 billion from C$3.6 billion.

* Says increased budget because of accelerated drilling at Marcellus shale, land purchases.

* Expects 2009 production to range between 423,000 and 426,00 barrels per day.

* CEO says may sell "substantial existing production" next year to fund shale drilling. (Reporting by Scott Haggett; editing by Rob Wilson)

Source: http://www.reuters.com