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Salamander Spuds North Kendang-1 Exploration Well

Source: www.gulfoilandgas.com 2/13/2013, Location: Asia

Salamander announces the spud of the North Kendang-1 exploration well in the South East Sangatta PSC. Salamander has a 75% operated interest in the South East Sangatta PSC.

The North Kendang-1 well will be drilled to a depth of approximately 2,600 m total vertical depth sub-sea ('TVDSS'). The North Kendang-1 well is 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 770 Bcf and 91 MMbo.

The well will be drilled by the Ocean General semi-submersible rig in a water depth of 465 metres. On completion of the North Kendang well the rig will return to the Bontang PSC to drill the Bedug prospect. The Bedug location is 4 km east and 500 m up-dip of the recent South Kecapi oil and gas discovery.

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