Salamander to sell 40% stake in Greater Bualuang area

Salamander has signed a non-binding heads of agreement with SONA to sell for $250mn a 40% interest in Thailand’s B8/38 (Bualuang field) and G4/50 concessions. As at 31 December 2013, Salamander’s estimated gross Bualuang field 2P (proven plus probable) reserves were 32.7mn barrels of oil and gross 2C (best estimate of contingent resources) were 32.3mn barrels.