Salamander Energy has issued its second Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules. This statement relates to the period from July 1, 2008 to November 13, 2008.

In August 2008, Salamander announced first oil production from the Bualuang Oil Field in Block B8/38, Gulf of Thailand. In September 2008, Salamander announced that production to date had outperformed expectations and as a result the Group's average daily production forecast for 2008 was increased from circa 9,000 boepd to circa. 10,000 boepd. Reservoir performance has exceeded expectations and a second development drilling campaign on the Bualuang field is now planned for Q2 2009.

In September 2008, after assuming operatorship of the Glagah-Kambuna TAC, offshore North Sumatra, Indonesia, Salamander completed a reassessment of the Kambuna field development status. This highlighted that the level of work required to refurbish the existing facilities at Pangkalan Brandan will constrain initial production levels. First gas was therefore reforecast to April 2009 with full production by September 2009.

The South Sembakung gas and condensate field in the Simmengaris PSC, Indonesia received Plan of Development approval from the Indonesian authorities in August 2008. Development drilling and construction activity is expected to commence during 2009 with first gas in 2011.

During the period Salamander drilled the Tutung Alpha-2 appraisal well in the Bontang PSC, Indonesia and the Lumba Lumba-1 exploration well in SC41, offshore Philippines. Reservoir studies are being carried out following the appraisal drilling at Tutung ahead of reviewing development options and commerciality. The Lumba Lumba-1 well was unsuccessful and costs associated with this well will be written off at year end as announced in the interim results statement in August 2008.

Tags: Salamander Energy