SALAMANDER ENERGY Corporate Overview December 2013
SALAMANDER ENERGY PURE SOUTH-EAST ASIAN E&P COMPANY South-East Asia focused independent E&P company listed on the London Stock Exchange Main list of London Stock Exchange Market cap of c. GB255 million (c. US410 million) Strong…
Onshore Khorat, Thailand FOLLOWING REGIONAL HUB STRATEGY Sinphuhorm gas field (9.5%) Dong Mun gas development (27.2%) Gas Production, Development & Exploration South East Asia Long stranding oil and gas industry Stable economic…
120 MMBOE OF CERTIFIED RESERVES AND CONTINGENT RESOURCES 2P Reserves + 2C Resources by Asset 140 120 Reserves and Contingent Resources Summary (1),(2),(3) 100 MMboe Reserves (MMboe) 1P 2P 3P 80 Bualuang 26.0 33.6 44.7 60…
RESOURCE TO RESERVE CONVERSION THE NEXT WAVE OF PRODUCTION GROWTH Illustrative Production Profile from 2P + 2C(1) Development of 2C resources 25.0 Bualuang on stream 2016 Dong Mung on stream 2016 20.0 Kerendan on stream 2016…
RISING CASH GENERATION: HIGHER QUALITY BARRELS Cash Flow Growth Production 250 Production mix re-based toward high margin oil Bravo installation has allowed a step-change in oil output 200 Realisations have improved versus a…
GREATER BUALUANG B8/38 G4/50 SALAMANDER 2013 8
BUALUANG OIL FIELD (100%) ASSET OVERVIEW Evolution of STOIIP & Reserves Bualuang Field T4 Structure 250 Reliable cash generating asset in B8/38 STOIIP 60m water depth, discovered in 1993 Remaining 2P Reserves Brought on-stream…
BUALUANG DRIVING LONG TERM OPERATING COSTS DOWN Bualuang Field Operating Cost Forecast New Infrastructure to Reduce Opex by at least US20 million p.a. 90 80 Bravo platform designed to accommodate power and processing 70 Opex…
BUALUANG CONSISTENT STRONG RESERVES AND PRODUCTION GROWTH Field Outgrown Initial Development Concept Bualuang Field 2P & 2C Mid Case Production Forecast(1) Originally estimated to contain 14.9 MMbo 18 Alpha + Alpha Alpha, Bravo &…
G4/50 EXPLORATION STATUS Abutment Hanging-wall Fault & Dip Western Southern Basement sub-basin: EIA application in process 20 drilling locations Stratigraphic Drilling anticipated Central & Southern Kra in 2014 sub-basins:…
GREATER KERENDAN North East Bangkanai PSC Kerendan West Bangkanai PSC SALAMANDER 2013 13
GREATER KERENDAN OPERATED HUB POSITION ONSHORE CENTRAL KALIMANTAN Anchor Asset: Kerendan Gas Field (70%) Salamanders East Kalimantan Position Oligocene-age reservoir 2,700m depth Gas field Reefal / platform carbonates, typically 10…
LOCAL POWER GENERATION INTO REGIONAL GRID UPSIDE THROUGH ACCESSING EAST COAST MARKET Power Line Transmission Network Local Markets to Take Initial Production PLN building 155 MW gas engine plant at site, upgrade to 350 MW in 2015…
WEST KERENDAN GAS-BEARING UPPER BERAI SECTION Top Upper Berai Depth Structure Map Pre-Drill Estimates Berai carbonates, 330 Bcf mean with significant upside potential Tanjung fm sandstones 580 Bcf mean, upside to 1.6 Tcf, 1 in 6…
NORTH KUTEI SE Sangatta PSC Bontang PSC SALAMANDER 2013 17
NORTH KENDANG GAS DISCOVERY A Suspended wet gas kick Well control issues, insurance claim approved 20 MM well control Re-drill new well down to kick point 8MM interim payment approved Return to drill 1Q 2014, use of Managed…
MALAYSIAN COUNTRY ENTRY, PM322 A GOOD STRATEGIC FIT DISCOVERED RESOURCE + STEP OUT POTENTIAL Discovered Resource + Step Out Prospectivity 20,000 km2 in the prolific Melaka Strait Port Klang-1 oil discovery drilled by Sun Oil, 1991…
2014 CAPITAL EXPENDITURE DOMINATED BY PRODUCTION & DEVELOPMENT 2014 Capex by Activity and Geography 2014 production: Guidance of 13,000-16,000 boepd Production & Development c. 85% high-margin Bualuang barrels 185 - 200 MM First…
SUMMARY Well established Region with stable, long established oil and gas industries Southeast Asian Demonstrated ability to commercialise and develop fields in region producer Highly tangible and low risk reserve base, 48 MMboe 1P…
IR CONTACT Geoff Callow Head of Corporate Affairs Tel: + 44 (0)20 7432 2680 Email: geoff.callowsalamanderenergy.com www.salamander-energy.com smdrenergyplc SALAMANDER 2013 23
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