Group production has grown at a compound average growth rate of 36% over the last five years and is forecast to reach 30,000 boepd in 2013.
Growing production has driven cash flow higher. Combined with a disciplined approach to capital expenditure this sees the Group spending less cash than it generates leading to a growing free cash profile.
The Group high grades its prospect inventory and is funded to drill 12 to 14 E&A wells a year from its current portfolio. In 2011 the Group plans to drill 9 exploration and 4 appraisal wells targeting 312 MMboe of net unrisked resource (95 MMboe on a risked basis).
Salamander has built a portfolio focused on three main regions, namely onshore Northeast Thailand, offshore Gulf of Thailand and East Kalimantan, Indonesia where it has majority, operated stakes in plays that combine reserves/resources with both exploration upside and room for material growth (both organic and inorganic).
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