Salamander making progress in Far East

Oil company Salamander Energy has said that drilling at the Far East well in its operated B8/38 licence, Gulf of Thailand, initially found no evidence of hydrocarbon saturation despite encountering a 25m section of 'excellent quality' sandstones, the primary target on depth prognosis.

Oil company Salamander Energy has said that drilling at the Far East well in its operated B8/38 licence, Gulf of Thailand, initially found no evidence of hydrocarbon saturation despite encountering a 25m section of 'excellent quality' sandstones, the primary target on depth prognosis.

However, once the well was deepened oil shows were seen at 1,366m total vertical depth sub-sea (TVDSS) and severe mud losses were experienced from 1,370m TVDSS.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

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.