Salamander Spuds Tom Hum Xanh Well Offshore Vietnam

Salamander Energy has spud the Tom Hum Xanh-1X (31-THX-1X) exploration well in Block 31, in the Vinh Chau Graben system, offshore southern Vietnam. It is estimated the well will reach a depth of about 8,202 feet (2,500 meters) to target oil in the Eocene-Oligocene clastics, as well as pre-Tertiary basement in a horst block structure in the center of the basin. The mean gross pre-drill estimate of prospective recoverable resource is c. 80 Mmbo. In a water depth of 59 feet (18 meters), the PV Drilling I jackup is drilling the well, and should take roughly 32 days to complete. Block 31 is a large unexplored area with high quality oil prone source rock and several potential reservoirs and trap types. In 2009, Salamander gathered 2D seismic data from the block that identified several leads and prospects. Serving as operator of the block, Salamander holds a 35% interest; PetroVietnam holds 40%; and Origin Energy holds 25%.

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