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3i places its bets on Salamander



By Upstream staff 

European venture capital outfit 3i has invested $11 million in UK-based junior Salamander Energy, whose operations are focused in South East Asia.

The investment marks the closing of a $50 million equity round by Salamander that will be used to build a portfolio of production and exploration assets.

Salamander, which was founded in April this year, has a 9% stake in the Phu Horm gas field development off Thailand.


Tuesday, 20 September, 2005, 03:10 GMT  | last updated: Tuesday, 20 September, 2005, 07:53 GMT

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