Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces the spud of the Angklung-1 exploration well in the Bontang PSC, East Kalimantan, Indonesia. Salamander holds an operated 100% interest in the Bontang PSC.
The Angklung-1 well will be drilled to a depth of approximately 3200 metres total vertical depth sub-sea and is targeting oil and gas in the Upper Miocene - Pliocene sandstone reservoirs. The mean gross pre-drill estimate of prospective recoverable resource is approximately 125 MMboe. The well will be drilled by the Hakuryu 5 semi-submersible rig in a water depth of 290 metres. It is expected to take approximately 40 days to complete on a dry hole basis.
|Salamander Energy||020 7960 1580|
|James Menzies, Chief Executive Officer|
|Geoff Callow, Head of Corporate Affairs|
|Brunswick Group LLP||020 7404 5959|
Salamander is an Asia focussed, independent, FTSE 250, upstream oil and gas exploration and production company. Salamander has a balanced portfolio of production, development and exploration assets with interests located in Indonesia, Thailand, Vietnam and Lao PDR.