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The result has lead Talisman President and CEO Dr. Jim Buckee to declare: “Operationally and financially, this was another very solid quarter [for Talisman].”
In a statement Talisman said, “Net income for the quarter was US$197 million, compared to US$202 million a year ago. On a comparable basis, net income in the second quarter was up 186% versus US$69 million ($0.17/share) a year ago excluding a one-time gain on income taxes recorded in the second quarter of 2003. Year to date, net income was US$420 million, compared with US$776 million in 2003.”
“Excluding the gain on the sale of and income from the Sudan properties, as well as one time income tax effects, the comparable net income numbers for the first half of 2004 and 2003 are US$371 million and US$303 million respectively; with exploration and development spending [at] US$509 million during the quarter and US$1.1 billion year to date,” added the firm.
