March 12 Salamander Energy Plc said its
West Kerendan-1 exploration well in Indonesia successfully
tested for gas from the Upper Berai reservoir and that it would
focus on commercialising the discovery after completing tests.
The oil and gas producer, whose interests primarily are in
Southeast Asia, said it would hold talks with Indonesian
authorities on including the West Kerendan discovery in the
Kerendan field plan of development.
The enlarged field development would then become a source
of incremental gas sales to the gas-fired power plant that was
being constructed near the Kerendan field, Salamander said.
Within the upper gas column, the well has been independently
verified to contain recoverable gas in the range 133 billion
cubic feet (bcf) to 682 bcf with a mid-case assessment of 313
bcf, Salamander said.
The company also estimated an additional 50 bcf of
recoverable gas from the lower gas column.
Salamander's shares were up 4 percent at 104.3 pence at
0810 GMT on the London Stock Exchange on Wednesday.