May. 2013 - Salamander Energy has seen a sharp rise in production from the Bualuang field due to the addition of the Bualuang Bravo platform in November 2012. Eight development wells have been completed and added to the production stream. One of the eight wells was drilled into the T2 reservoir which underlies the main T4 reservoir. That well has consistently flowed at 3,000 bopd since start-up which is substantially higher than the T4 wells. The Atwood Mako (400' ILC) carried out the drilling program and will drill an additional T2 production well before the rig mobilizes to begin an exploratory campaign in block G4/50.

Feb. 2013 - Salamander Energy initiated a 16-well development drilling program upon installation of the Bualuang Bravo platform in November 2012. The first four wells of the program have been brought into production and are performing ahead of pre-drill expectations. Each well was drilled horizontally into the T4 Miocene sandstone reservoir. Average time for drilling, completion and production handover for each well has been 21 days. With the new wells online, forecasted production rates for 2013 should fall between 11,000 and 14,000 Bopd which represents a 50% increase over 2012. Salamander Energy contracted the Atwood Mako (400' ILC) for two years to carry out the drilling program.

Dec. 2012 - First oil production from the Bualuang Bravo platform was established Dec. 14, 2012 in the Gulf of Thailand. Construction of the platform was completed in November and the first development well, the BB-04H, was spud by the Atwood Mako (400' ILC) soon after. The well was recently brought online and will flow at a rate of 1,500 bopd after the clean-up phase. Salamander owns and operates the Bualuang field and is engaged in a 15- well development program. Current daily production is over 8,300 bopd and is expected to ramp up to between 11,000 and 14,000 bopd in 2013.

Oct. 2012 - Salamander Energy's Bualuang Bravo Platform construction project is on track to finish on time and within budget. The platform's jacket has been fabricated and is en route to the Bualuang field where it will be positioned. Topside installation will begin shortly thereafter. Thai Nippon Steel was awarded the construction contract for the 16-slot platform in 1Q 2011. Through the Bravo platform, Salamander plans to double the amount of horizontal production wells currently in use and feels that production will increase from the current level of 11,500 bopd to 15,000 bopd in 2013. The Atwood Mako (400' ILC) is scheduled to begin development drilling from the platform at the end of November.

Aug. 2012 - Construction on the Bualuang Bravo Platform is scheduled to be finished by the end of August and approvals have been received for the environmental impact assessment. The K1 HLV will begin load-out and installation of the platform by mid-October and by the end of October the platform will be ready for development drilling activities.

Jun. 2012 - Salamander Energy reported that the Far East prospect on the Bualuang field in License B8/38 in the Gulf of Thailand has reached a total vertical depth of 4,580 feet (1,396 meters) and is currently being prepared for a Drill Stem test. The well encountered an 82 foot (25 meter) section of excellent quality T5 Miocene sandstones, the primary target on depth prognosis. However, following the acquisition of a full suite of wireline logs, these sandstones are interpreted to be water-wet, with no evidence of hydrocarbon saturation. The well was then deepened to test the secondary objective. The well penetrated a conglomeratic section overlying the Ratburi carbonates from 4,423 feet (1,348 meters) TVDSS to current total depth ("TD"). Oil shows were observed at 4,482 feet (1,366 meters) TVDSS and severe mud losses were experienced from 4,495 feet (1,370 meters) TVDSS. Interpretation of logging while drilling data shows zones of potential oil pay in highly porous section from 4,478 feet (1,365 meters) to current TD.

Jun. 2012 - Salamander Energy has spud the Bualuang Far East-1 exploration well in Block B8/38, Gulf of Thailand. The Bualuang Far East prospect is located approximately four miles (six kilometers) to the northeast of the Bualuang oil field. The Far East-1 well will be drilled to a total vertical depth of 4,765 feet (1,452 meters) subsea. The primary target is the T5 Miocene sandstones with secondary targets comprising an underlying Permian-age Ratburi carbonate and a T4 Miocene sandstone stratigraphic trap. The main T5 objective has potential mean recoverable resources of 20 million barrels of oil. The well will be drilled by the ENSCO 53 (300’ ILC) jackup and is expected to take about 20 days to complete.

Mar. 2012 - Salamander Energy has contracted the ENSCO 53 (350’ ILC) jackup to commence a four-well drilling program for License B8/38 offshore Thailand. The company will initially drill two development wells followed by exploratory drilling in May. The license houses the Bualuang oil field in 197 feet (60 meters) of water.

Apr. 2011 - Salamander reported that the Ocean Sovereign jackup is back on location at the Bualuang Alpha wellhead platform and has resumed drilling operations. The Bualuang oil field is located in Block B8/38 offshore Thailand in 197 feet (60 meters) of water. Salamander Energy serves as the operator of Bualuang with a 100% interest in the field.

Feb. 2011 - Salamander has revised its estimates of recoverable reserves on the Bualuang oil field following analysis of the field's performance and modeling of the individual wells. The company said proved reserves at the field more than doubled to 14.6 million barrels of oil, while proved and probable reserves were up to 27 million barrels. Furthermore, the operator stated it plans to further explore the B8/38 license, which contains the Bualuang oil field as well as a number of prospects. Salamander plans to further develop the Bualuang field, as well as test the exploration potential. The Ocean Sovereign jackup was contracted until the end of June 2011 and is preparing to spud the first well in a program of six development wells. This current phase of development drilling is forecasted to increase daily production rates to 11,000 bopd. The operator also reported that through optimized development drilling, it plans to deliver 15,000 bopd in 2013 from the Bualuang field alone. The Bualuang oil field is located in Block B8/38 offshore Thailand in 197 feet (60 meters) of water. Salamander Energy serves as the operator of Bualuang with a 100% interest in the field.

Jan. 2011 - Salamander Energy announced that the Ocean Sovereign jackup, contracted for the B8/38 drilling campaign, is being held in Malaysia, while the rig's owner, Offshore Diamond, completes its foreign business license paperwork for entry into Thai water. Once completed, the rig will mobilize to the Bualang field to drill up to three exploration wells and six development wells. Salamander will first target the Bualuang East Terrace exploratory well, which is expected to spud by the end of the month. This prospect is estimated to contain about 7 million barrels of oil with an upside potential of 14 MMbo and has a 66% chance of success. Located offshore Thailand in the Western Basin's Block B8/38, the Bualuang oil field is situated in 197 feet (60 meters) of water.

Jul. 2010 - Salamander's subsidiary, Salamander Bualuang, reached an agreement with SOCO International to purchase SOCO Thailand, which holds a 40% interest in the B8/38 license in the Gulf of Thailand. The transaction has an effective date of January 1, 2010. Salamander is paying $105 million plus a contingent fee of $1 million will be made upon production of a million barrels of oil from any new discovery made within the B8/38 license area, and located 3 miles (5 kilometers) or more from the existing Bualuang oil field. The transaction is scheduled for completion in August 2010, and needs approval from Salamander's shareholders and SOCO's shareholders. As of December 31, 2009, the estimated gross proved and probable reserves in the Bualuang oil field amounted to 22.5 MMbo. Three horizontal development wells were completed in the first half of 2010, and the field should produce about 8,500 bopd in 2010. The operator recently acquired 3D seismic data of the license and plans to drill in the fourth quarter of 2010. Located offshore Thailand in the Western Basin's Block B8/38, the Bualuang oil field is situated in 197 feet (60 meters) of water.

May. 2010 - Salamander Energy completed Phase IV of development drilling on the Bualuang oil field. The Vantage Emerald Driller jackup drilled sidetracks to three existing slant production wells and their subsequent conversion to horizontal producers. Once the rig completed the drilling operations, it departed from site on May 10, 2010. All three sidetrack horizontal wells, BA02 ST2, BA03 ST2 and BA04 ST2 were completed in the field's main producing area with downhole electric submersible pumps and expandable sand screens. Each well has 1,969 to 2,625 feet (600 to 800 meter) of horizontal sections and were successfully landed in the target zone between 10 to 16 feet (3 to 5 meters) below the top reservoir. All three wells were brought online, but will be choked for optimal recovery. Located offshore Thailand in the Western Basin's Block B8/38, the Bualuang oil field is estimated to hold reserves of 20 MMboe. Salamander Energy serves as the operator of Bualuang with a 60% interest in the field; SOCO International holds the remaining 40% interest.

May. 2009 - Salamander completed a drilling program on its operated Bualuang oil field, offshore Gulf of Thailand. The Emerald Driller jackup arrived on location Mar. 26 to drill an exploration well, two horizontal producers and a water disposal well. Both horizontal wells, BA-11H and BA-12H, were completed and have been brought on-stream for production testing.

Apr. 2009 - Salamander provided an update on the drilling program on its operated Bualuang oil field, offshore Gulf of Thailand. The pilot hole, BA-11P, was drilled from the Bualuang wellhead platform to a TD of 5,315 feet (1,620 meters) and found 131 feet (40 meters) of good quality oil pay at the main reservoir. BA-11P will be plugged and steered into the top of the T4 reservoir, the first horizontal producer on the Bualuang Field. Bualuang has produced more than 1.4 MMbo since coming on stream in August 2008 and the reservoir has performed above initial expectations.

Mar. 2009 - A second phase of development drilling commenced on the Salamander-operated Bualuang oil field, in the Gulf of Thailand. The Emerald Driller jackup began a drilling campaign comprising an exploration well, two horizontal producers and a water disposal well.Once drilling is complete on the first well, hydrocarbons will be logged and sampled before it is plugged and converted into one of two horizontal producers, BA-11H and BA-12H.

Aug. 2008 - Salamander Energy has announced that first production of crude oil fromt he Bualuang oil field in Block B8/38 in the Gulf of Thailand occurred on Aug. 27, 2008.

Jun. 2008 - The first phase of field development drilling has been completed with a total of six development wells. The FPSO Rubicon Vantage is currently in port in Rayong, Thailand, undergoing mechanical completion and pre-commissioning prior to sailing to the Bualuang field for commissioning and hook-up.

Nov. 2007 - GFI confirms that construction of the production platform is processing on schedule and expects the platform will sail out to the Bualuang field for installation in December.