November 2, 2011 / 9:29 AM / in 6 years

CORRECTED-UPDATE 1-Talisman Q3 profit rises

(Corrects currency to U.S. dollar throughout)

Nov 2 (Reuters) - Canadian oil producer Talisman Energy Inc posted a 37 percent rise in its quarterly profit, helped partially by higher oil prices.

Third-quarter earnings from operations rose to $165 million, or 16 cents per share, from $120 million, or 12 cents per share, a year ago.

Production averaged 400,000 barrels of oil equivalent per day (boepd), compared with 404,000 boepd a year ago.

Cash flow, an indicator of the company’s ability to pay for new projects and acquisitions, rose to $902 million, or 88 cents per share, from $700 million, or 69 cents a share, a year ago. (Reporting by Maneesha Tiwari in Bangalore; Editing by Joyjeet Das)

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