Salamander UJV

completed

Salamander Energy plc (Salamander or the company), an existing IFC client, is a young rapidly-growing independent oil and gas company exclusively focused on Southeast Asia. The company’s strategy is to build a sustainable upstream business through leveraging its regional knowledge and relationships; maintaining a balanced portfolio of production, development, appraisal and exploration assets; enforcing strict capital allocation discipline; and pursuing targeted acquisitions in addition to organic-led growth. Since its inception, Salamander has developed a broad set of assets, including producing and near-production interests in Indonesia and Thailand as well as exploration and appraisal properties in Indonesia, Thailand, Vietnam, Laos and the Philippines. Salamander is largely owned by institutional investors and is listed on the London Stock Exchange. Salamander has invited IFC to acquire an equity interest (as an unincorporated joint venture partner) in certain of its operations in Laos and Thailand, by participating in a farm-in and development of Salamander’s interest in: - the Savannakhet production sharing contract (“Savannakhet PSC”) in Laos and the adjacent onshore concession L26/50 in Thailand, as well as - L15/50, another onshore concession in Northeast Thailand (together known as the “Project”).Currently, the company holds a 70% share in the Savannakhet PSC and 100% interest in the Thai concessions, and is the operator for all three blocks. The company is currently undertaking oil and gas seismic exploration in Laos and has a commitment to drill one test well. The company is also committed to seismic exploration in the Thai concessions and drilling of test wells in L15/50.