ON BLOCK VIII OIL AN GAS UPDATE, CAMBODIA
GRANDE PRAIRIE, ALBERTA (April 7, 2025): ANGKOR RESOURCES CORP. (TSXV: ANK) (“ANGKOR” OR “THE COMPANY”) announces its energy subsidiary, EnerCam Resources (Cambodia) Co. Ltd. (“EnerCam”) provided an update to government authorities of the General Department of Petroleum (“GDP”) summary report on the steps and progress of activities on Block VIII.
Deputy Director of GDP hosted members of the EnerCam management to receive multiple updates on:
- the EIA (Environmental Impact Assessment) progress
- The three Bokor sub-basins on Block VIII license that are of primary interest.
- The two shallower sedimentary basins on the east side of the license.
- The 350-line kilometer seismic program that will start once the EIA is completed and approved.
- EnerCam plans to hire and support training of Khmer people to work in the petroleum industry in all levels that will become Cambodia’s future in oil and gas.
(pictures above) Deputy Director of GDP, Ms. Somaline SORN and her colleagues reviewed EnerCam’s activities and steps with a presentation. Providing the presentation from EnerCam were Mads Braemer Financial Manager, Mike Weeks President of EnerCam, an CEO of Angkor Resources Delayne Weeks.
EnerCam’s intent is to fast-track activities to the point of drilling, and therefore to ensure terms of the PSA are met, the company targets informing GDP two months in advance of the planned activity. As the technical teams and contractors of EnerCam advance on the license, the administrative team diarizes each activity for administrative disclosure and approval to stay ahead the actual activities.
As the Environmental Impact Assessment continues across the Block VIII area, Khmer environmental contractors meet with community members as well as carrying out water, air, and soil sampling to become part of the assessment. A preliminary copy of the completed Environmental Assessment which Ministry of Environment first must approve is then submitted to GDP for approval before seismic can begin.
Further, as Cambodia does not have any in-country seismic operators, EnerCam’s bidding companies for the seismic plus the successful bid are documented and supplied to MME and GDP for review and approval.
Seismic bidders from Canada, China, and Thailand have bid on the 350-kilometer program of 2-D seismic and the Thai bidder is the preferred contractor for EnerCam. Those bidding documents are currently in front of the GDP for review and approval.
The Production Sharing Agreement (“PSA”) on Block VIII is for a 30-year term with potential extensions on production levels. Included in the PSA are various checks and balances in which EnerCam as the Contractor, must inform the Ministry of Mines and Energy (“MME”) of the activities it is undertaken or planning to undertake for formal approval.
ABOUT ANGKOR RESOURCES CORPORATION:
ANGKOR Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. ANGKOR’s carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across expanding jurisdictions. The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds three mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 3729 square kilometers in the southwest quadrant of Cambodia called Block VIII. Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Evesham, Saskatchewan.
CONTACT: Delayne Weeks – CEO
Email: info@angkorresources.com Website: angkorresources.com Telephone: +1 (780) 831-8722
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results of future exploration, and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
