In the Eagle Ford, after a slightly slower start than planned, we produced around 30 million cubic feet a day last year, but we've now established a fully functioning organization and we'll more than double that production this year. And we took a substantial position in the liquids-rich Duvernay shale here in Alberta, which we will learn a lot more about in the next 12 months as we continue to pilot. And of course, we also began drilling in Poland. It's very early days, and again, we'll learn more about that during this year. So our shale portfolio is now underpinning long-term sustainability for the company.The other source of confidence in our medium-term growth is Asia, where we saw successful commissioning of both the Jambi Merang and the Kitan fields during 2011. We produced about 120,000 barrels a day in the region during the fourth quarter, and it's good to remind you that our average sales price for gas in Asia for the year was above $9 an mcf. We'll sanction new projects this year to secure growth into the future.
Talisman Energy Inc., 2012 Guidance/Update Call, Jan 10, 2012
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.