Salamander Energy plc announces that the G4/50-5 exploration well, has discovered oil in the Surin prospect in the central portion of the Western sub-basin, Block G4/50, Gulf of Thailand.

Oil was discovered in good quality Miocene fluvial sandstones in the primary N40 target zone over the interval 1,525 to 1,533 metres TVDSS. Wire-line logs and pressure data confirmed the presence of approximately 8 metres of oil pay. Oil samples recovered from the zone indicate a 31 degree API oil and mapping of the Surin fault block indicates between 15 and 20 metres of column height above the location of the well penetration. Further evaluation is required to determine the potential resource volume encountered in the Surin discovery.  The well has been plugged and abandoned as an oil discovery.

James Menzies, Chief Executive of Salamander, commented:

"The discovery of oil in the Surin fault block, a 25 km step out from the Bualuang field, has proven the access to an oil charge in the Western Central sub-basin, which had been identified as a key risk pre-drill. Resource estimates for Surin are being assessed but this is clearly a positive step in de-risking the neighbouring prospects and in understanding the local petroleum system."

 

Enquiries:

Salamander Energy     
+ 44 (0)20 7432 2680
James Menzies, Chief Executive Officer     
Geoff Callow, Head of Corporate Affairs     
      
Brunswick Group     
+44 (0)20 7404 5959
Patrick Handley     
Elizabeth Adams          

 

About Salamander

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.