AN26 Citi Fun 25

    


Talisman Energy Inc.



                   TALISMAN ENERGY SELLS NON-CORE DUTCH ASSETS

CALGARY, Alberta - September 3, 2008 - A wholly-owned subsidiary of Talisman
Energy Inc. has entered into an agreement with Total Holdings Nederland B.V. to
sell Talisman's entire non-operated interests in the Dutch sector of the North
Sea for US$480 million, excluding working capital.

"We continue to focus Talisman's portfolio in line with our new strategy," said
John A. Manzoni, President and Chief Executive Officer. "With the earlier sale
of our Danish assets and now this transaction, the emphasis in the North Sea
will be on positioning our UK assets as a firm production base and growing our
Norwegian business."

These interests in the Dutch sector of the North Sea include 10.25% of the
K4b/K5a licence, 20.273% of the K5b licence and 8% of the E18a licence.
Talisman's production from the fields in 2007 averaged approximately 23 mmcfe/d,
with year end proved reserves of approximately 43 bcfe.

The sale is subject to the usual government and third party consents.

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 UK, Norway, Southeast Asia, North Africa and the
United States. 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

19-08

Forward-Looking Information

This press release contains information that constitutes "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 strategy and plans;

    --  expected sale of a subsidiary of Talisman and timing; 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 states
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 oil and gas reserves, business plans for
drilling, exploration, development, and appraisal 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
uncertainties as to the availability and cost of financing and changes in
capital markets, the possibility that government policies or laws may change or
governmental approvals may be delayed or withheld and the abilities of the
parties to complete the transactions generally.

The foregoing list of risk factors 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 (SEC).

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

Reserves Data and Other Oil and Gas Information

Talisman's disclosure of reserves data and other oil and gas information is made
in reliance on an exemption granted to Talisman by Canadian securities
regulatory authorities, which permits Talisman to provide disclosure in
accordance with US disclosure requirements. The information provided by Talisman
may differ from the corresponding information prepared in accordance with
Canadian disclosure standards under National Instrument 51-101 (NI 51-101).
Talisman's proved reserves have been calculated using the standards contained in
Regulation S-X of the SEC. US practice is to disclose net proved reserves after
deduction of estimated royalty burdens, including net profits interests.
Talisman makes additional voluntary disclosure of gross proved reserves. Further
information on the differences between the US requirements and the NI 51-101
requirements is set forth under the heading 'Note Regarding Reserves Data and
Other Oil and Gas Information' in Talisman's Annual Information Form.

The exemption granted to Talisman also permits it to disclose internally
evaluated reserves data. Any reserves data in this press release reflects
Talisman's estimates of its reserves. While Talisman annually obtains an
independent audit of a portion of its reserves, no independent qualified
reserves evaluator or auditor was involved in the preparation of the reserves
data disclosed in this press release.

McfE Conversion

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

Gross Production

Talisman makes reference to production volumes throughout this press release.
Where not otherwise indicated, 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 US, net production volumes are reported after the
deduction of these amounts.

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