Fortuna Energy Inc.

The Commissioner of the New York State Department of Environmental Conservation ("DEC") issued an Interim Decision on the Terry Hill South Field that will result in the release of royalties to those landowners who have leased with Fortuna.

On October 6th, 2004 New York's Attorney General Eliot Spitzer issued a news release in which he expressed concerns about potential "heavy handed practices employed to obtain a lease".

CALGARY, ALBERTA - June 1, 2004 - - Recent Well Tests 19 mmcf/d - - Fortuna Energy Inc., a wholly owned subsidiary of Talisman Energy Inc., has achieved a major milestone with production rates in excess of 100 mmcf/d from its Appalachian properties in the Corning area of New York State.

CALGARY, ALBERTA - (CCNMatthews - June 29, 2004) - - Fortuna Energy Inc., a wholly owned subsidiary of Talisman Energy Inc., has acquired all of Belden & Blake Corporation's Trenton/Black River assets in the Appalachia region for US$65 million.

CALGARY, ALBERTA - March 3, 2004 - - Fortuna Energy Inc. (Fortuna), a wholly owned subsidiary of Talisman Energy Inc., recently completed the Reed Hz #1 and Hakes Hz #1 gas wells in the Appalachian basin of New York State. Each well was drilled to a depth of 9,850 feet and then steered horizontally across a seismically defined graben structure in the Black River Formation.

CALGARY, Alberta - January 14, 2004 - Fortuna Energy Inc., a wholly owned subsidiary of Talisman Energy Inc., recently completed the Andrews Hz#1 gas well in the Corning area of New York State, in the Appalachian Basin. The well tests a new structure and was drilled to a depth of 10,100 feet and then steered horizontally within the upper Black River Formation.