LONDON – Salamander Energy intends to raise $201 million via a share issues.
If successful, the proceeds will be used on the following:
- Add platform-based oil processing facilities at the Bualuang oil field in the Gulf of Thailand in order to reduce operating costs and extend the field’s economic life
- To contract a second rig in the Gulf of Thailand to drill at least six exploration wells, in parallel to the development program to be performed by the Atwood Mako rig
- To invest in exploration drilling in Indonesia’s North Kutei basin.