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DRILLING

Talisman on target for half a dozen in PNG

TALISMAN Energy remains on target to drill six exploration and appraisal wells in Papua New Guinea, despite recording a first quarter loss of $US326 million ($A304 million).

James McGrath
Talisman on target for half a dozen in PNG

The company said the $326 million loss, compared with a profit of $371 million a year ago, was down to unrealised losses arising from changes in the market value of held-for-trading financial instruments....

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