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INCREASED TALISMAN OFFER RECOMMENDED BY ENCOR BOARD

 CALGARY, Alberta, April 15 /PRNewswire/ -- The board of directors of Talisman Energy Inc. (Toronto, Montreal, Vancouver: TLM) enhanced its offer to acquire the common shares of Encor Inc. (Toronto, Montreal: ECR). The board of directors of Encor Inc. unanimously agreed to recommend the enhanced offer to its shareholders.
 Talisman Energy is offering to exchange one common share of Talisman for 45 common shares of Encor, an increase of 33.3 percent over the March 10 offer of one Talisman common share for 60 Encor shares.
 As part of the improved offer, BCE Inc. agreed to reduce by approximately 0.44 million the number of Talisman common shares it is to receive for its Encor preferred shares. The original offer allocated 11.5 million Talisman common shares for BCE's 29.9 million Encor convertible preferred shares.
 The Encor 8.50 percent convertible subordinated debentures will be exchangeable into 7.933 Talisman common shares per $1,000 of convertible debentures. The previous exchange ratio was 5.95 Talisman common shares per $1,000 of convertible debentures.
 Talisman and Encor have proposed that the transaction will be subject to the approval of the majority of the votes cast by the Encor common shareholders, excluding those cast by BCE, Talisman and their respective directors, officers, affiliates and associates, voting on the transaction, and in addition to two-thirds of the votes cast by all Encor common shareholders.
 "We are pleased to have the unanimous support of Encor's board," said Dr. Buckee, president and chief operating officer of Talisman Energy Inc. "The new company will be a strong player in the upstream oil and gas industry and will be able to accelerate the exploitation of Encor's assets.
 -0- 4/15/93
 /CONTACT: Ruth Ann Yardley, manager of public affairs, 403-237-1362, Wayne Bobye, VP-finance and CFO, 403-237-1363, both of Talisman Energy/
 (TLM. ECR.)


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

JL -- LA013 -- 6177 04/15/93 11:11 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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