Salamander Energy completes GFI acquisition

By OGJ editors
HOUSTON, Mar. 25 -- Salamander Energy PLC completed the acquisition of GFI Oil & Gas Corp., Houston, for about $35 million cash and 31 million Salamander shares.

GFI's assets were an interest in the Glagah Kambuna technical assistance contract containing Kambuna gas field and the Seruway production-sharing contract, both in Indonesia, and Block B8/38 containing Bualuang oil field in the Gulf of Thailand.

Development drilling is under way at Bualuang and Kambuna fields.

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