Friday, March 25, 2011

Salamander Energy reports 2010 Annual Results; Average Daily Production up 49%; Plan to achieve Production growth of 22,000-23,000 boepd

Salamander Energy’s 2010 production was 20,300 boepd up 49% over 2009. This is due to first full year of production from the Kambuna field, an increased equity interest in the Bualuang field and higher than expected production from ONWJ, where a new operator invested to increase production. The company forecasted 2011 production is expected to be between 22,000 and 23,000 boepd. Salamander achieved  reserves replacement ratio of 121%


Source: http://docsearch.derrickpetroleum.com/pageNav/view1/docId/11391-0000/Salamander_2010_Annual_Results_PPT.html

Exploration program remains active with a further 13 exploration and appraisal wells planned in 2011. The company plans to invest US$ 195 million in 2011, of which US$ 95 million for production and development activities and US$ 100 million for exploration and appraisal activities.
Source: http://docsearch.derrickpetroleum.com/pageNav/view1/docId/11391-0000/Salamander_2010_Annual_Results_PPT.html

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    Gas Salamander

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