TALISMAN TO ACQUIRE PALADIN RESOURCES PLC FOR £1,218 MILLION (C$2,521 MILLION)Acquisition Agreement • October 20th, 2005 • Talisman Energy Inc • Crude petroleum & natural gas
CALGARY, Alberta – October 20, 2005 – Talisman Energy Inc. (“Talisman”) has reached an agreement with Paladin Resources PLC on the terms of a cash offer by Talisman Energy Resources Limited (“Talisman Resources”), a wholly-owned subsidiary of Talisman, for all of the shares of Paladin at an aggregate price of approximately £1,218 million (C$2,521 million). Paladin is a UK oil and gas exploration and production company whose shares are listed on the London Stock Exchange. Paladin has a portfolio of production and exploration assets predominantly in the Norwegian, UK and Danish sectors of the North Sea, as well as in Australia, Indonesia and Tunisia. It also has exploration acreage in Gabon and Romania.
