Talisman Energy Inc.



Talisman (Corridor) Ltd. (Talisman), a wholly owned subsidiary of Talisman
Energy Inc., has started up its most successful well to date in Indonesia. The
recently completed Suban 10 well is on production, constrained to 150 mmcf/d
(gross sales gas), with a flowing wellhead pressure of 1,250 psi.

"This is a huge well and demonstrates that there is still upside in the Corridor
Block more than a decade after the initial discoveries were made," said Dr. Jim
Buckee, President and Chief Executive Officer. "Although the impact of
additional volumes from this well will not be felt until the next tranche of gas
sales commences, the discovery illustrates the low cost, long-life, attractive
rate of return business that underpins our strategy in Southeast Asia.
Talisman's Indonesian production is currently projected to grow from 45,000
boe/d in 2006 to over 75,000 boe/d in 2010."

In conjunction with this increased field deliverability, the 400 mmcf/d Suban
Phase 2 gas plant expansion has been tied in. Suban 10 was drilled on the
Corridor Production Sharing Contract (PSC) Block where Talisman has a 36%
interest in the PSC and field production facilities. The operator is
ConocoPhillips (Grissik) Ltd. (54%) with Pertamina holding the remaining 10%
interest.

The first phase of the Corridor project started in 1998, producing 195 mmcf/d
(gross sales gas) by year-end. The first phase of the Suban project came on
stream in late 2002. In August 2004, the Corridor PSC Block contractors agreed
to sell approximately 2.2 tcf of natural gas to the Indonesian national gas
transmission and distribution company (PGN) into West Java over a period of
approximately 17 years. Current production from the Corridor PSC is 510 mmcf/d
(gross sales gas).

The Suban Phase 2 gas expansion project was initiated to provide the gas
processing facilities for these new sales. In late 2006, the installation of two
new 200 mmcf/d capacity gas trains, additional wellhead pipelines and
infrastructure was completed. The continuation of the Phase 2 development is
expected to see additional wells drilled with the potential for more compression
being added over the next few years.

The completion of these facilities represents a significant step in the
development of a large scale domestic gas market in Western Indonesia. The new
pipeline, which is being completed by PGN, links resource rich Sumatra with West
Java, home to 60% of Indonesia's population of 210 million and most of its
industrial capacity.

Talisman Energy Inc. is an independent upstream oil and gas company
headquartered in Calgary, Alberta, Canada. Talisman has operations in Canada and
its subsidiaries operate in the North Sea, Southeast Asia, Australia, North
Africa, the United States and Trinidad and Tobago. Talisman's subsidiaries are
also active in a number of other international areas. Talisman is committed to
conducting its business in an ethically, socially and environmentally
responsible manner. The Company is a participant in the United Nations Global
Compact and included in the Dow Jones Sustainability (North America) Index.
Talisman's shares are listed on the Toronto Stock Exchange in Canada and the New
York Stock Exchange in the United States under the symbol TLM.

For further information, please contact:

David Mann, Senior Manager, Corporate    Christopher J. LeGallais
& Investor Communications                Senior Manager, Investor Relations
Phone: 403-237-1196  Fax: 403-237-1210   Phone: 403-237-1957  Fax: 403-237-1210
E-mail: tlm@talisman-energy.com          Email: tlm@talisman-energy.com

09-07

Forward-Looking Statements This news release contains statements that constitute
forward-looking statements or forward-looking information (collectively
"forward-looking statements") within the meaning of applicable securities
legislation. These forward-looking statements include, among others, statements
regarding: estimates of projected production growth and increased field
deliverability over the upcoming years; further potential Suban facility
upgrades; gas to be sold to PGN under contract; gas deliverability on existing
and new pipelines; new pipeline construction; business strategy and plans for
further drilling, exploration and development and estimated timing; developing a
large scale domestic gas market in Western Indonesia; and other expectations,
beliefs, plans, goals, objectives, assumptions, information and statements about
possible future events, conditions, results of operations or performance.

Often, but not always, forward-looking statements use words or phrases such as:
"expects", "does not expect" or "is expected", "anticipates" or "does not
anticipate", "plans" or "planned", "estimates" or "estimated", "projects" or
"projected", "forecasts" or "forecasted", "believes", "intends", "likely",
"possible", "probable", "scheduled", "positioned", "goal", "objective" or state
that certain actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved.

Various assumptions were used in drawing the conclusions or making the forecasts
and projections contained in the forward-looking statements throughout this news
release. Statements which discuss business plans for drilling, exploration and
development assume that the extraction of crude oil, natural gas and natural gas
liquids remains economic.

Undue reliance should not be placed on forward-looking statements.
Forward-looking statements are based on current expectations, estimates and
projections that involve a number of risks and uncertainties, which could cause
actual results to differ materially from those anticipated by Talisman and
described in the forward-looking statements. These risks and uncertainties
include:

    --  risks of the oil and gas industry, such as operational risks in
        exploring for, developing and producing crude oil and natural gas, and
        market demand, including unpredictable facilities outages;

    --  risks and uncertainties involving geology of oil and gas deposits;

    --  uncertainty of reserves estimates, reserves life and underlying
        reservoir risk;

    --  uncertainty of estimates and projections relating to production, costs
        and expenses;

    --  potential delays or changes in plans with respect to exploration or
        development projects or capital expenditures;

    --  risk that the new pipeline construction may be delayed and that adequate
        pipeline capacity to transport the gas to market may not be available;

    --  fluctuations in oil and gas prices, foreign currency exchange rates and
        interest rates;

    --  any future acquisitions and dispositions;

    --  competitive actions of other companies, including increased competition
        from other oil and gas companies or companies providing alternative
        sources of energy;

    --  health, safety and environmental risks;

    --  uncertainties as to the availability and cost of financing and changes
        in capital markets;

    --  risks in conducting foreign operations (for example, political and
        fiscal instability or the possibility of civil unrest or military
        action);

    --  changes to general economic and business conditions;

    --  the effect of acts of, or actions against, international terrorism;

    --  the possibility that government policies or laws may change or
        governmental approvals may be delayed or withheld; and

    --  results of the Company's risk mitigation strategies, including insurance
        and any hedging programs; and

    --  the Company's ability to implement its business strategy.

We caution that the foregoing list of risks and uncertainties is not exhaustive.
Additional information on these and other factors which could affect the
Company's operations or financial results are included: (1) under the heading
"Risk Factors" in the Company's Annual Information Form; and (2) under the
headings "Management's Discussion and Analysis - Risks and Uncertainties" and
"Outlook for 2006" and elsewhere in the Company's 2005 Annual Report Financial
Review. Additional information may also be found in the Company's other reports
on file with Canadian securities regulatory authorities and the United States
Securities and Exchange Commission.

Forward-looking statements are based on the estimates and opinions of the
Company's management at the time the statements are made. The Company assumes no
obligation to update forward-looking statements should circumstances or
management's estimates or opinions change, except as required by law.

Gross Production

In this news release, Talisman makes reference to production volumes. Such
production volumes are stated on a gross basis, which means they are stated
prior to the deduction of royalties and similar payments. In the U.S., net
production volumes are reported after the deduction of these amounts.

Boe conversion

In this news release, the calculation of barrels of oil equivalent (boe) is
calculated at a conversion rate of six thousand cubic feet (mcf) of natural gas
for one barrel of oil and is based on an energy equivalence conversion method.
Boes may be misleading, particularly if used in isolation. A boe conversion
ratio of 6 mcf:1 bbl is based on an energy equivalence conversion method
primarily applicable at the burner tip and does not represent a value
equivalence at the wellhead.
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