Salamander Energy signs new production sharing contracts in Indonesia
Salamander Energy has signed production sharing contracts for the Northeast Bangkanai and West Bangkanai licence areas onshore central Kalimantan, Indonesia.
Salamander Energy has signed production sharing contracts for the Northeast Bangkanai and West Bangkanai licence areas onshore central Kalimantan, Indonesia.
The company is the operator of both contracts, with a 100% working interest in each.
Both contracts cover an area of around 5,500 km squared within the Salamander-operated Bangkanai contract containing the Kerendan gas field development.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"These new production sharing contracts increase the group's position in one of its core areas and represent a large tract of additional acreage that will provide further growth opportunities around the Kerendan gas field," Salamander said.
The share price rose 1.28% to 190.50p by 10:25 Thursday.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”