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TALISMAN OFFER FOR ENCOR RECEIVES GO-AHEAD

 CALGARY, Alberta, May 21 /PRNewswire/ -- Talisman Energy Inc.'s offer to acquire Encor Inc. was approved today by the Court of Queen's Bench of Alberta and is effective immediately. ENCOR's shareholders voted in favor of the offer yesterday.
 "We're extremely pleased," said Dr. Jim Buckee, president and chief executive officer of Talisman. "This doubles Talisman's production and reserves and almost triples our land base. The combined debt is less than 18 months of cash flow. We are well positioned to add significantly to shareholder value," he said.
 "We will hold town hall meetings for Talisman and Encor employees on Tuesday, May 25, to inform them about the planned integration process," said Bob Redgate, Talisman vice-president of human resources and administration. Work on amalgamating programs and functions will begin immediately and will be completed by the fall, he said.
 "Some layoffs are inevitable," said Redgate, "but it is too early to predict how many. These will occur throughout the amalgamation process."
 The company will continue to operate from the Talisman offices and will lease the space in the Encor building to others once the integration is completed.
 Encor shareholders will be notified by mail of the procedure they should follow to exchange their Encor share certificates for Talisman share certificates.
 The acquisition places Talisman in the top 10 upstream oil and gas companies in Canada.
 -0- 5/21/93
 /CONTACT: Ruth Ann Yardley, manager-Public Affairs, 403-237-1362; or Wayne Bobye, VP-Finance and CFO, 403-237-1363, both of Talisman/
 (TLM.)


CO: Talisman Energy Inc.; Encor Inc. ST: Alberta IN: OIL SU: TNM

JB-MS -- LA023 -- 1252 05/21/93 14:16 EDT
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Publication:PR Newswire
Date:May 21, 1993
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