The Sukunka coal property is located 60km south of Chetwynd, along the Peace River coalfield that extends 400km across Northeastern British Columbia.
The licences cover an area of over 20,000 acres and contain an underground mineable deposit of coking coal.
The transaction is expected to close in March 2012.
BofA Merrill Lynch has acted as advisor to Talisman for the sale process.
Talisman Energy is an upstream oil and gas company, headquartered in Canada with three main operating areas in North America, the North Sea and Southeast Asia.
