Talisman Energy Inc. announced the appointment of Paul R. Smith as Chief Financial Officer (CFO), effective May 20, 2013. Paul is currently Executive Vice-President, North America, within Talisman. Scott Thomson, Talisman's current CFO, is leaving the company to become President and Chief Executive Officer (CEO) of Finning International. Paul Smith joined Talisman in 2009 and soon after was appointed Executive Vice-President, North America. In this role, Paul led the business transformation away from a focus on deep sour gas, to a strong position in four of the leading unconventional plays in North America.

Talisman Energy Inc. has declared a quarterly dividend on the company's common shares of USD 0.0675 per share. The dividend will be paid on June 28, 2013 to shareholders of record at the close of business on May 15, 2013. The company has also declared a quarterly dividend of CAD 0.2625 on its Cumulative Redeemable Rate Reset First Preferred Shares, Series 1. The dividend will be paid on July 2, 2013 to shareholders of record at the close of business on May 15, 2013.

Talisman Energy Inc. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue and other income of USD 1,123 million compared to USD 2,056 million a year ago. Loss before taxes was USD 49 million compared to USD 73 million a year ago. Net loss was USD 213 million or USD 0.21 per diluted share compared to net income of USD 291 million or USD 0.24 per diluted share a year ago. Cash provided by operating activities was USD 331 million compared to USD 914 million a year ago. Capital expenditures exploration development and others was USD 569 million compared to USD 993 million a year ago. Cash flow was USD 517 million or USD 0.50 per share compared to USD 851 million or USD 0.83 per share a year ago. Loss from operations were USD 60 million or USD 0.06 per share compared to earnings from operations of USD 167 million or USD 0.16 per share a year ago. Diluted cash flow per share was USD 0.50 compared to USD 0.83 a year ago. Net debt at March 31, 2013 was USD 4.1 million. Net loss for the quarter was due to significant gains recorded in the previous quarter on the sale of a 49% equity interest in its UK North Sea business, and the revaluation of Talisman's interest in the Ocensa pipeline. Non-GAAP cash flow in the quarter was USD 517 million compared to USD 675 million in the immediately preceding quarter. Approximately USD 320 million was spent in North America, with the majority spent on the development of the Eagle Ford, and USD 250 million on North Sea development. For the quarter, the company reported production of total oil and liquids of 129 mbbls/d compared to 187 mbbls/d a year ago. Total natural gas production was 1,461 mmcf/d compared to 1,652 mmcf/d a year ago. Production from ongoing operations was 372 mboe/d compared to 424 mboe/d a year ago. The company remains on target to deliver full year production guidance of 170 mboe/d - 176 mboe/d, including 30 mbbls/d -35 mbbls/d of liquids. The company provided cash flow and capital expenditure guidance for 2013. For 2013, capital spending of approximately USD 3 billion compared to USD 4 billion in 2012, against the cash flow forecast of approximately USD 2.5 billion. For the quarter, the company reported impairment (tax adjusted) of USD 44 million against USD 302 million a year ago.