Salamander Energy plc announces that it has signed Production Sharing Contracts (“PSCs”) for the Northeast Bangkanai and West Bangkanai license areas, onshore central Kalimantan, Indonesia. Salamander is the operator of both PSCs with a 100% working interest.
Each PSC covers an area of approximately 5,500 km2 and both are located in the vicinity of the Salamander-operated Bangkanai PSC containing the Kerendan gas field development. These new PSCs increase the Group’s position in one of its core areas and represent a large tract of additional acreage that will provide further growth opportunities around the Kerendan gas field.
+ 44 (0)20 7432 2680
James Menzies, Chief Executive Officer
Geoff Callow, Head of Corporate Affairs
+44 (0)20 7404 5959
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.