Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces that it has plugged and abandoned the Tom Su Lua-1X (“DBSCL01-TSL-1X”) exploration well in Block DBSCL-01, in the Vinh Chau Graben system, offshore southern Vietnam.

The DBSCL01-TSL-1X well, the first exploration well in the basin, has been drilled to a total vertical depth sub-sea of 1,380 metres. Following the completion of wire-line logging operations, the well has been plugged and abandoned as a dry hole. The well encountered both potential seals and high quality reservoir sandstones which were water-wet in the Tertiary clastic section.

The PVD-1 jack up rig will now move approximately 25 kilometres south to drill the 31-Tom Hum Xanh-1X (“THX-1X”) exploration well in Block 31. This well is targeting an oil prospect with a mean gross pre-drill recoverable resource estimate of c. 80 MMbo.

James Menzies, Chief Executive of Salamander, said:

“As the first exploration well in an undrilled basin, the Tom Su Lua prospect was viewed as high risk. Although a dry hole, the TSL-1X well confirmed certain elements of the play system in the Vin Chau graben. We now look forward to drilling the THX- 1X exploration well, while we continue to analyse the valuable geological information provided by the TSL-1X well.”

Enquiries:

Salamander Energy	020 7960 1580
James Menzies, Chief Executive Officer
Geoff Callow, Head of Corporate Affairs
Brunswick Group	020 7404 5959
Patrick Handley
Fiona Mulcahy

About Salamander

Salamander is an Asia focussed, independent, FTSE 250, upstream oil and gas exploration and production company. Salamander has a balanced portfolio of production, development and exploration assets with interests located in Indonesia, Thailand, Vietnam, Lao PDR and the Philippines.