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Salamander Energy (LON:SMDR.L) report:Dambus-1 Exploration Well
September 2, 2010, Thursday, 18:23 GMT | 13:23 EST | 22:53 IST | 01:23 SGT
By Daniel Stewart & Co
- The trident-1X jackup rig has arrived at the Kutai PSC, East Kalimantan, Indonesia and drilling operating have begun
- The well is targeting multiple deltatic sandstone reservoirs to a depth of 2,700m sub sea
- The mean pre-drill estimates are for prospective recoverable resources of c. 130MMbo and 300Bcf
- Drilling is expected to take 40day at which point the rig will move to the Marindan prospect in the south of the Kutai PSC
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