Salamander Spuds Bedug-1 Exploration Well

Salamander Energy announced Tuesday the spud of its Bedug-1 exploration well in the Bontang production sharing contract offshore Indonesia . The company has a 100-percent operated interest in the Bontang PSC, which is located in East Kalimantan east of the Angklung-1 gas discovery and some 2.5 miles east and 1,640 feet up-dip of the recent South Kecapi-1 ST oil and gas discovery.

Salamander said the Bedug-1 well will be drilled to a depth of approximately 6,725 feet total vertical depth sub-sea and that it is targeting gas and oil pay in both Upper Miocene and Lower Pliocene channel sands on the crest of the Bedug structure.

Bedug-1 is being drilled by the Ocean General (mid-water semisub) rig in a water depth of 1,510 feet.



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