Oil and gas producer Salamander Energy has reported the successful appraisal of Block L27/43 at the Dong Mun discovery, onshore Northeast Thailand.
The group, which has a 27.2% non-operated interest in the block, said the well was flow tested at a rate of 15.1m standard cubic feet per day.
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The operator is now preparing to file for commerciality with the Thai Department of Minerals & Fuels.
"The DM-3ST result is very encouraging and taken together with the Dong Mun-1 discovery well and recently acquired 3D seismic data, indicate a commercially viable development project," Chief Executive Officer James Menzies said.
Shares were up 1.2% at 250p in early trading.
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