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Salamander Energy plc announces spud of North Kendang-1 exploration well

Wednesday, Feb 13, 2013

Salamander announces the spud of the North Kendang-1 exploration well in the South East Sangatta PSC. Salamander has a 75% operated interest in the South East Sangatta PSC.

The North Kendang-1 well will be drilled to a depth of approximately 2,600 m total vertical depth sub-sea ('TVDSS'). The North Kendang-1 well is targeting gas and oil pay in a series of stacked Pliocene - Upper Miocene sandstone reservoirs.  The combined mean pre-drill estimate of prospective recoverable resources is approximately 770 Bcf and 91 MMbo.

The well will be drilled by the Ocean General semi-submersible rig in a water depth of 465 metres. On completion of the North Kendang well the rig will return to the Bontang PSC to drill the Bedug prospect. The Bedug location is 4 km east and 500 m up-dip of the recent South Kecapi oil and gas discovery.

About Salamander

Salamander Energy is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange (Ticker: SMDR) and is a constituent of the FTSE 250 index. The Group is focused on growth assets in and around three core areas: Greater Bualuang, Gulf of Thailand; North Kutei, Indonesia; and Greater Kerendan, Indonesia. In each of these areas the Group has a material, operated position and a detailed understanding of the petroleum systems of the basin.

Source: Salamander Energy

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