Drilling for oil/gas in S Asia 2008 could be year for increased production.




http://www.salamander-energy.com/

Most stocks are down today Tabby,even your beloved BLNX. Game is down over 6% with no news, so SMDR down 10% on duster with the FTSE down 51 points is no problem.

Dont put blnx in the same bracket as this stockthey are at present taking an organised hit as I posted before the startnext tues/wed will see an end of thisthats my hunch?

Not grouping just stating facts.

Anyway where is your picture, you can't be that ugly

Clubbydid you type that with your right hand?

Why

Where is baldy

They say argumentative people are left handed?

Who are they

Who are they

I guess they are other peopleI guess they are other peoplewho knows?.who knows?.just trying to prove their pointno matter

if that follicle insult was aimed at me, then i'm in germany!

Looking for lost relatives Cynic

Did you cycle there

Don't mention the war

most of the ones who died were either shot in poland or sent to auschwitz since you are kind enough to ask -)) ..... am actually on the baltic coast east of rostock .... i have a good client who is staying here (lovely place) so this is where we agreed to meet

Or the unpaid gas bill

hahaha! ..... there's a very bad joke to be made, but it's in even worse taste than some of kenny everett's best

More bad news.
Salamander cuts Kambuna gas reserves estimate
StockMarketWire.com
Oil and gas group Salamander Energy has lowered its reserve estimate for the Kambuna gas-condensate field offshore Indonesia.

The field started production in August and is currently running at about 42 MMscfd and 3,700 barrels of condensate per day.

Salamander says that based on initial down-hole pressure data recorded in one of the Kambuna wells, the rate of pressure decline in the main Belumai reservoir implies a volume of recoverable gas lower than determined in previous reserve assessments.

An independent reserves audit of Salamander's operated fields has been carried out by RPS Energy as part of the group's Reserve Base Lending facility. The assessment has taken into account all historic Kambuna production and pressure data, in addition to seismic and well data.

As a result, Salamander has re-stated its net reserves attributable to the Kambuna field, reducing its net entitlement of proved and probable (2P) reserves by 1.8m barrels of oil equivalent.

On a 2P basis, production from Kambuna is expected to remain at current levels until at least 2013 then gradually decline as anticipated.

Salamander says production may be maintained at or near plateau beyond 2013 in the 3P case or should contingent resources be converted to recoverable reserves.

i'd seen that already - announced 07:09 on reuters .... it was in the market price at opening

We've got one dry hole and one less dry hole in 2 days... disastrous.