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Talisman Energy Inc.

Talisman (Vietnam 15-2/01) Ltd., a wholly owned subsidiary of Talisman Energy
Inc., has tested the Hai Su Den (HSD) exploration well offshore Vietnam. This
was Talisman's second oil discovery in Vietnam in 2007, following up on the Hai
Su Trang (HST) Miocene sandstone discovery on the same offshore block announced
earlier in the year.

The HSD well is located in Block 15-2/01, 50 miles off the east coast of Vietnam
on trend with large oil and gas discoveries in the Cuu Long Basin. The well
targeted a fractured basement reservoir and was drilled to a total vertical
depth of 11,168 feet, encountering a hydrocarbon bearing interval of
approximately 2,400 feet. The well tested at a peak rate of 13,450 bbls/d of
light oil and 6.87 mmcf/d of natural gas, constrained by test equipment.

"This is a very promising discovery," said John Manzoni, President and Chief
Executive Officer. "I am optimistic that our two discoveries in Block 15-2/01
will form the basis of a new core producing area for Talisman in Vietnam, with
the potential for upside from additional exploration wells."

The Thang Long Joint Operating Company, a special purpose joint venture company
established for the purposes of conducting all operations on Block 15-2/01,
plans to drill four more wildcat exploration wells in 2008 to evaluate features
on trend with the HSD discovery. Talisman holds a 60% working interest share in
any commercial discoveries on Block 15-2/01 with PetroVietnam Exploration and
Production Company holding the remaining 40%.

Talisman Energy Inc. is an independent upstream oil and gas company
headquartered in Calgary, Alberta, Canada. The Company and its subsidiaries have
operations in North America, the North Sea, Southeast Asia and North Africa.
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:

Media and General Inquiries:                      Shareholder and Investor Inquiries:

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

03-08

Advisories

This press release contains statements that constitute "forward-looking
information" or "forward-looking statements" (collectively "forward-looking
information") within the meaning of applicable securities legislation. This
forward-looking information includes, among others, statements regarding:

* business plans for drilling, exploration and estimated timing;

* business strategy and plans; 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 information uses 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 information contained in this
press release. Information regarding business plans for drilling and exploration
assumes that the extraction of crude oil, natural gas and natural gas liquids
remains economic.

Undue reliance should not be placed on forward-looking information.
Forward-looking information is based on current expectations, estimates and
projections that involve a number of risks, which could cause actual results to
vary and in some instances to differ materially from those anticipated by
Talisman and described in the forward-looking information contained in this
press release. The material risk factors include, but are not limited to:

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

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

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

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

* health, safety and environmental risks;

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

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

* changes in 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;

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

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

Readers are cautioned 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 in the Company's most
recent Annual Information Form and Annual Financial Report. In addition,
information is available in the Company's other reports on file with Canadian
securities regulatory authorities and the United States Securities and Exchange
Commission.

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

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