6-K

FORM 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

Date:  March 24, 2005

TALISMAN ENERGY INC.

Commission File No. 1-6665

[Translation of registrant's name into English]

3400, 888 - 3rd Street S.W.,

 Calgary, Alberta, Canada, T2P 5C5

[Address of principal executive offices]

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F                   Form 40-F

X

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ______________.

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):_____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes

[   ]

No

[√ ]

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82 -                 .

This Report on Form 6-K incorporates by reference the exhibit attached hereto which was filed by Talisman Energy Inc. with the Canadian Securities Commissions (the “Commissions”) on the date specified in the exhibit list.

Exhibit

Title

1

Talisman Energy Inc. Notice of Intention to Make a Normal Course Issuer Bid.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

TALISMAN ENERGY INC.

[Registrant]

Date:  March 24, 2005

By:     CHRISTINE D. LEE

Christine D. Lee

Assistant Corporate Secretary

EX-1

TALISMAN ENERGY INC.

NOTICE OF INTENTION
TO MAKE A
NORMAL COURSE ISSUER BID

1.

Name of Issuer

TALISMAN ENERGY INC. (the "Company")

2.

Shares Sought

The normal course issuer bid relates to the common shares (the "Shares") of the Company.

The Company may purchase up to a maximum of 18,437,285 Shares over the course of the next 12 months pursuant to this Notice of Intention, representing 5% of the Shares outstanding as of the date hereof.  Not more than 2% of the outstanding Shares will be purchased in any 30-day period.  All Shares purchased will be cancelled.  As of the date hereof, the Company has 368,745,690 Shares outstanding.

3.

Duration

The normal course issuer bid may commence on March 28, 2005 and will terminate on March 27, 2006.

4.

Method of Acquisition

The Shares will be purchased from time to time through the facilities of Toronto Stock Exchange ("TSX").  The purchase and payment for the Shares will be made by the Company in accordance with the policies and rules of TSX.  The price that the Company will pay for any Shares acquired by it will be the market price of the Shares at the time of acquisition or such other price as may be permitted by TSX.  Purchases under this notice will be made by means of open market transactions or such other means as may be permitted by TSX (which may include pre-arranged crosses).

5.

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6.

Consideration Offered

Shares purchased will be paid for with cash available from the Company's working capital, existing credit facilities or the disposition of non-core assets.  The aggregate amount which the Company may spend on such purchases will be subject to ongoing review and authorization by the Company's Board of Directors within the context of its ongoing budget reviews.  There are no restrictions on the purchases that may be made by the Company other than as set forth herein.

7.

Reasons for the Normal Course Issuer Bid

The Company's primary objective is to increase shareholder value by delivering growth in reserves and production volumes per common share. While successful exploration and development are the best value generators in the upstream oil and gas business, the Company also advances this objective through the purchase of its own shares, thus enhancing the underlying value of its remaining outstanding shares.

8.

Valuations

To the knowledge of the directors and officers of the Company, after reasonable inquiry, there have not been any independent appraisals or valuations regarding the Company, its material assets or securities prepared within the last two years preceding the date hereof, other than annual independent evaluations of certain of the petroleum and natural gas reserves of the Company and its subsidiaries which are used to test and substantiate the Company's internal estimates.  The Company annually prepares estimates of its petroleum and natural gas reserves and publicly discloses a summary thereof.  The Company obtains annual audits by independent external engineering consultants of its reserve estimates for some of its properties on a rotating basis.  

9.

Previous Purchases

During the 12 month period of Talisman's previous normal course issuer bid (and specifically, from March 26, 2004 to March 22, 2005), the Company purchased an aggregate of 15,489,400 Shares at an average price of $33.86 per share.

10.

Persons Acting Jointly or in Concert With the Issuer

No person or company is acting jointly or in concert with the Company in connection with the normal course issuer bid.

11.

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12.

Acceptance by Insiders, Affiliates and Associates

Except as set forth below, to the knowledge of the directors and officers of the Company, after reasonable inquiry, none of the directors or senior officers of the Company, nor any associates thereof, presently intends to sell any Shares during the course of the normal course issuer bid.  It is possible, however, that sales by such persons may occur as a result of the exercise by such persons of outstanding options during the course of the normal course issuer bid or as a result of personal circumstances or decisions unrelated to the existence of the normal course issuer bid.

To the knowledge the directors and officers of the Company, no person holds 10% or more of any class of equity securities of the Company.

The Company does not have any contract, arrangement or understanding, formal or informal, with any holder of Shares with respect to its proposed purchase of Shares under the normal course issuer bid.

13.

Material Changes in the Affairs of the Issuer

There are no material changes or plans or proposals for material changes in the affairs of the Company that have not previously been publicly disclosed.  The Company is continually reviewing potential acquisitions and dispositions of oil and gas properties and potential acquisitions of or combinations with other oil and gas companies.

14.

Certificate

This Notice of Intention is certified to be complete and accurate and in compliance with Part 6 of the Rules of the Toronto Stock Exchange and the policy statement of TSX on normal course issuer bids. This Notice of Intention contains no untrue statement of a material fact and does not omit to state a material fact that is required to be stated or that is necessary to make a statement not misleading in the light of the circumstances in which it was made. The undersigned has been authorized by the Board of Directors of the Company to sign this Notice of Intention.

DATED March 22, 2005.

“M. Jacqueline Sheppard”

M. Jacqueline Sheppard

Executive Vice-President, Corporate and Legal, and

Corporate Secretary

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