HONG KONG/SINGAPORE, June 13 Canada's Talisman
Energy Inc is reviewing its Asian oil and gas
portfolio, valued at about $4 billion, which could lead to a
partial or full sale, people familiar with the matter said.
Talisman, Canada's No. 5 independent oil producer, has been
slimming its operations and cutting debt in an effort to boost
its share price to satisfy disgruntled and activist investors
such as Carl Icahn.
The company, which has a $10.8 billion market value, is
working with Goldman Sachs on the review, the people
Talisman and Goldman Sachs declined to comment. Sources
declined to be identified as the review is confidential.
(Reporting by Denny Thomas and Saeed Azhar; Additional
reporting by Mike Stone in NEW YORK; Editing by Stephen Coates)