Talisman Energy Inc. (Talisman) is a Canadian oil and gas producer that has operations in Canada, the North Sea, Indonesia and Sudan. Talisman also is conducting exploration in Algeria, Trinidad and Colombia. Talisman's Canadian operations conduct natural gas exploration and development. Talisman's North Sea strategy is to develop commercial hubs around core operated properties and infrastructure. Talisman's strategy in Indonesia is focused on exploitation of existing oil properties and continued development of a strategic position in emerging new gas markets. In Sudan, the Company has a 25% interest in the Greater Nile Oil Project. Talisman acquired its interests in Algeria in 1994, drilling numerous oil wells. Development of two fields is underway, with first oil production expected in 2003. The Company holds interests in a number of blocks in Trinidad where a major gas discovery in 1999 was confirmed. Talisman was awarded an exploration block in Colombia in December 2000.