Greater Kerenden

Greater Kerendan refers to the acreage position in Central Kalimantan, Indonesia, that is centred round the development of the Kerendan gas field.  Salamander has a 70% operated interest in the Kerendan field which contains 120 Bcf of 2P reserves and a further 160 Bcf of contingent resource.

A gas sales agreement has been signed with PLN to supply 20 MMscfd to a new build power plant 3km from the field.  Four development wells were completed in 1H 2013 and tested at a combined rate of 40 MMscfd which is comfortably in excess of requirement under the GSA.

The power plant will be able to handle three times the currently contracted volumes providing an opportunity to commercialise additional gas volumes currently in the contingent resource category, at an improved gas price.

The West Kerendan-1 well was completed in 1H 2014 as a gas discovery and flowed at a rate of over 50 MMscfd. West Kerendan has certified contingent resource of 313 Bcf with a further 50 Bcf of upside from a second gas column.

There is follow on exploration potential in Greater Kerendan with numerous prospects in both the Upper Berai and Tanjung formations.