On 24 November 2014, the boards of Salamander Energy and Ophir Energy announced the terms of a recommended acquisition by Ophir of the entire issued and to be issued share capital of Salamander, to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. The circular to shareholders of Salamander in connection with the Scheme was posted on 14 January 2015.

On 14 January 2015, Salamander also announced an intention to terminate by mutual agreement with SONA Petroleum Berhad the previously announced sale and purchase agreement dated 18 July 2014 to dispose of an effective 40% working interest in the B8/38 concession containing the Bualuang oil field and the surrounding G4/50 concession, both located in the Gulf of Thailand.

Tags: Ophir Energy, Salamander Energy