The company said that the Bang Nouan-1 well is targeting gas in the Permian limestones of the Pha Nok Khao formation. The mean gross pre-drill estimate of prospective recoverable gas resource is approximately 1.1 Trillion cubic feet (Tcf).
The well will be drilled by the MB Century 26 rig. The well has been planned to be drilled to approximately 3,700mt true vertical depth sub-sea. It is forecast to take approximately 75 days to complete on a dry-hole basis.
Salamander holds an operated 30% interest in the Savannakhet PSC. Salamander farmed out a 30% stake in the Savannakhet PSC to Origin Energy in December 2009.
James Menzies, chief executive of Salamander Energy, said: “The Bang Nouan-1 well is the first operated well in our 2010 exploration and appraisal drilling program.
“It is a high risk, high reward well located in the under-explored Eastern Khorat basin that has multi-Tcf of follow on potential in the surrounding, Salamander operated, acreage.”
