Salamander Energy to list on LSE

Salamander Energy Limited, an independent upstream oil and gas exploration and production company focused on South East Asia, announced Wednesday plan to float shares at London Stock Exchange.

In Indonesia the Company holds a 5% interest in the BP-operated Offshore North West Java PSC, a 5% interest in the CNOOC-operated South East Sumatra PSC and a 70% operated-interest in the Bontang PSC which encompasses the Tutung discovery and several identified leads.

The company also has assets in Thailand and is is actively pursuing new business opportunities in Indonesia and the Greater Mekong Area (including Thailand, Laos and Vietnam).

The new funds will be used to exploit the company's current portfolio of opportunities, including: Appraisal of the Tutung discovery and 3D seismic acquisition and exploration drilling in the Bontang PSC, the company said.

It did not say the amount of fund in intended to raise. (alex)