Salamander sees production slip in 2011

Salamander Energy may have swung into the blue on the pre-tax profit level in 2011, but the production rates fell as the oil and gas group reorganised its portfolio during the year to focus more of its core geographic areas.

Salamander Energy may have swung into the blue on the pre-tax profit level in 2011, but the production rates fell as the oil and gas group reorganised its portfolio during the year to focus more of its core geographic areas.

The group recorded a pre-tax profit of $112.6m in the 12 months ended December 31st, much better than the $113.7m loss reported the year before, but well under consensus estimates of a round $159m.

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