Salamander Energy PLC North Kendang-2 Drilling Completed (3234P)
August 18 2014 - 1:00AM
UK Regulatory
TIDMSMDR
RNS Number : 3234P
Salamander Energy PLC
18 August 2014
18 August 2014
Salamander Energy plc
("Salamander" or the "Company")
North Kendang-2 Drilling Completed
Salamander Energy plc announces that drilling operations on the
North Kendang-2 exploration well ("NK-2") in its operated South
East Sangatta PSC have now been concluded.
The well reached a total depth of 2,569 metres true vertical
depth sub-sea and encountered two hydrocarbon bearing intervals,
one of which was the primary objective zone of high pressure
encountered in the North Kendang-1 ("NK-1") well. This was
successfully penetrated in NK-2 and comprised a 2.5m gas condensate
bearing sand. In addition, a 10.5m gas bearing sand with oil shows
was encountered at a shallower depth. This sand is at the same
stratigraphic interval that flowed 6,000 bopd on test in the South
Kecapi-1 DIR/ST well in the Bontang PSC.
The volume of hydrocarbons encountered is considered to be
sub-commercial and the NK-2 well has been plugged and abandoned.
Costs related to the NK-1 well control incident, and to drilling
the NK-2 well to this same depth, are covered under the Company's
insurance policies. This well concluded Salamander's drilling
programme in the North Kutei and the Ocean General rig has now been
released.
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
This information is provided by RNS
The company news service from the London Stock Exchange
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