Salamander Energy Announces Tutung Alpha-3 Apprisal Spud

March 26, 2012
Salamander Energy plc announces the spud of the Tutung Alpha-3 ("TA-3") appraisal well in the Bontang PSC, East Kalimantan, Indonesia.

The TA-3 well will be drilled to a total vertical depth of 3,200 metres subsea and will target Middle Miocene deltaic sandstones, which were found to be gas-and condensate-bearing in the Tutung-1 and Tutung Alpha-1 wells.

The Tutung discovery is a gas-condensate accumulation with a mean resource volume estimated at circa 60 Bcf. Flow rates of between 10 MMscfd and 15 MMscfd have been tested by previous wells on the Tutung structure.

The well will be drilled by the MB Century 28 land rig and is expected to take approximately 30 days to reach target depth.

Salamander is the operator of the Bontang PSC and has a 100% operated interest.

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