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Company Salamander Energy PLC
TIDM SMDR
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Spud of South Kecapi-1 DIR/DIRA Exploration Wells

Released 07:00 10-Dec-2012
Number 0907T07

RNS Number : 0907T
Salamander Energy PLC
10 December 2012
 



 

 10 December  2012

Salamander Energy plc

("Salamander" or the "Company")

 

Spud of South Kecapi-1 DIR/DIRA Exploration Wells

 

Salamander announces the commencement of its exploration drilling programme in the North Kutei basin, East Kalimantan, Indonesia with the spudding of the South Kecapi-1 DIR and DIRA exploration wells in the Bontang PSC. Salamander has a 100% operated interest in the Bontang PSC.

 

The South Kecapi-1 DIR well will be drilled to a depth of approximately 2,450 metres total vertical depth sub sea ('TVDSS'). On completion it will then be sidetracked approximately 1.5 km to the west with the South Kecapi-1 DIRA being drilled to a depth of approximately 2,100 metres TVDSS.  The South Kecapi-1 DIR/DIRA wells are targeting gas and oil pay in a series of stacked Pliocene - Upper Miocene sandstone reservoirs.  The combined mean pre-drill estimate of prospective recoverable resources is approximately 275 Bcf and 20 MMbo.

The wells will be drilled by the Ocean General semi-submersible rig in a water depth of 388 metres. On completion of the South Kecapi-1 DIR/DIRA wells the rig will move to the South East Sangatta PSC to test the North Kendang prospect.

 

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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Spud of South Kecapi-1 DIR/DIRA Exploration Wells - RNS