Talisman Energy Inc. mails offer to the shareholders of RSX Energy Inc.



    /NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES/

    CALGARY, Jan. 28 /CNW/ - RSX Energy Inc. (TSXV: RSX) announces that
Talisman Energy Inc. (NYSE and TSX: TLM) today mailed to the shareholders of
RSX its offer to acquire all of the issued and outstanding common shares of
RSX at a price of $1.70 in cash for each share. The offer was initially
announced on January 18, 2008.
    The offer is open for acceptance until 3:00 p.m. (Calgary time) on
March 4, 2008, unless withdrawn or extended by Talisman. Among other things,
the offer is conditional upon at least two-thirds of the outstanding shares of
RSX being validly deposited under the offer and not withdrawn.
    The board of directors of RSX has received an opinion from its financial
advisor, Raymond James Ltd., that the consideration to be received under the
Talisman offer is fair, from a financial point of view, to the shareholders of
RSX. The board of directors of RSX unanimously supports the offer and
recommends that RSX shareholders accept the offer and tender their RSX shares
to the offer.
    Directors, officers and certain other shareholders of RSX holding
approximately 32% of the fully-diluted outstanding shares of RSX (or 30.3% of
the outstanding shares of RSX calculated assuming the exercise of only the
in-the-money options), have entered into lock-up agreements with Talisman
pursuant to which they have agreed to tender all of their RSX shares to the
offer.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.





For further information:

For further information: RSX Energy Inc., Lee Baker, President, Phone:
(403) 266-0600, Fax: (403) 266-0604, E-mail: lbaker@rsxenergy.com

Organization Profile

RSX ENERGY INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890