Salamander Energy in talks to sell itself

Salamander Energy Plc is considering selling itself and has opened talks with "a small number" of potential buyers, the company said on Thursday, sending its shares up 16 percent to their highest in almost a year. Salamander, which produces oil and gas in Thailand and Indonesia, said it had appointed Goldman Sachs International as financial adviser to conduct the formal sale process. The company, co-founded in 2005 by its current CEO James Menzies, said it had been considering selling minority interests in its Bualuang oilfield in the Gulf of Thailand and its Kerendan gas field in Indonesia's Central Kalimantan province. In addition to attracting interest in these assets, Salamander said it had received "a small number of preliminary and conditional approaches" for its entire share capital. Read More http://ift.tt/1rRJejx