Salamander Updates on E&P Operations Onshore Thailand

Salamander has provided an operational update on the APICO-operated Phu Kheng-1 exploration well in block L27/43 and the Si That-3 appraisal well in block L13/48.

Phu Kheng-1 (Salamander 27.2%)

An initial frac program on the deepest zone of interest has been completed. A 10 meter zone between 1,868 and 1,878 meters true vertical depth sub-sea (mTVDSS) has been perforated and a hydraulic frac test performed with limited amounts of gas flow seen.

The well has been suspended while the operator determines the forward program, which may include a second frac test to be performed within one of two shallow intervals in the Phu Kradung sandstones above 800 mTVDSS. Both of these shallow zones exhibited good gas shows while drilling and subsequent log and core analysis suggest better porosity and permeability characteristics than the deeper tested zone. The EMAS EE-2 hydraulic workover unit remains on-standby at zero cost ahead of conducting the second test.

Si That-3 (Salamander 16.3%)

The ongoing testing program at the Si That-3 location is awaiting the arrival of a production logging tool (PLT). A rig-less operation is planned including the running of the PLT in order to determine the forward program.