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The Company’s North American operations continue to focus on developing and piloting projects for its shale plays. Talisman has gained material positions in some of the top tier shale plays in North America through land acquisitions and strategic partnerships, and has acquired additional undeveloped land in the Eagle Ford shale play.

Talisman’s spending in North America will remain focused primarily on liquids rich opportunities where Talisman has built significant landholdings in high-quality, lower-cost shale plays.