Bravo Platform En Route to Salamander's Bualuang Field

Salamander provided an update on its operations in its operated block B8/38 in the Gulf of Thailand.

Bravo Platform

As previously reported, the Bualuang Bravo Platform ("Bravo") construction has been completed to schedule and budget. The Bravo jacket has now commenced sail-away from the Thai Nippon Steel yard in Bangpakong, Thailand and is en-route to the Bualuang oil field. Nippon Steel Corporation's K1-heavy lift vessel is scheduled to arrive at the Bualuang field Oct. 27 to commence installation of the jacket. Sail-away and installation of the deck will follow shortly thereafter.

Bualuang Field Production

The field is currently producing over 8,200 barrels of oil per day, with the Bravo Platform on course to be ready to receive the Atwood Mako (400' ILC) rig around the middle of November. A 16-well development drilling program will commence in the second half of November, which will result in a significant increase in production from the Bualuang field.

Average 2012 daily production for the Group remains in line with previous guidance of 10,500 - 11,500 barrels of oil equivalent per day.

NW-1 Exploration Well

The B8/38-8 (NW-1) well continues to drill ahead below 2,428 feet (740 meters) measured depth in 8.5 inch hole, and is yet to reach the prognosed depth of the prospective section. The well is expected to reach total depth in around 10 days' time.

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