Block 31

Salamander has a 35% operated interest in Block 31. The Block is adjacent to the prolific Cuu Long Basin which includes the giant Bach Ho field which is now in decline. The acreage is largely unexplored with potential for the development of a high quality oil prone source rock and several potential reservoirs and trap types.

In 2009 Salamander captured 2D seismic across the block and identified numerous leads and prospects. The Tom Hum Xanh-1 exploration well spudded in Q3 2010 but did not encounter hydrocarbons and was plugged and abandoned. The well results are now being analysed in detail in order to determine the forward work programme.

In December 2009, Salamander farmed out 25% of Block 31 to Origin Energy.