Angkor Resources Corp. announced that its energy subsidiary, EnerCam Resources Cambodia Co. Ltd., has identified four drill targets for exploratory oil and gas wells across Block VIII in Cambodia. The identification follows final interpretation of seismic data collected over 350-line kilometers covering four subbasins within the 4,095 square kilometer license area. Dr. David Johnson, Qualified Professional for Angkor Resources, described the discovery as exceptionally rare, noting the presence of an undrilled fold-belt with multiple anticlines featuring four-way closures. He compared the potential to early exploration in Wyoming, but with modern seismic data defining multiple potential traps. The structures bear resemblance to the producing Nam Phong and Sinphuhorm fields of Thailand's Khorat Basin, which have yielded significant gas production over two decades.
The seismic mapping revealed structural traps in the Bokor sub-basins along a north-south trend of large, elongated anticlines. The South Bokor structure covers a mean area of 57 square kilometers, Central Bokor spans 54 square kilometers, and North Bokor extends across 100 square kilometers. Additionally, a stratigraphic trap estimated at 28 square kilometers was identified in the Kirirom subbasin. Primary traps in the three Bokor structures are expected in gently folded seals and reservoirs adjacent to angular unconformities, with secondary traps potentially existing in sections below, between, and above the primary targets. Each exploratory well could therefore encounter multiple gas or oil accumulations. Drilling is planned to test two primary objectives in each Bokor basin well, with depths potentially exceeding 3,000 meters to evaluate prospective zones.
The company's next step involves tendering and undertaking an Environmental Impact Assessment on the targeted drilling areas. Technical teams continue refining interpretation and definition of drill target stratigraphy. The geological setting suggests potential for multiple hydrocarbon sources within the Bokor and Kirirom subbasins, though drilling remains necessary to confirm reservoir contents. Angkor Resources also announced granting 250,000 stock options to consultants assisting with business development, priced at $0.35 per share with a 12-month term, subject to TSX Venture Exchange approval. The company's energy subsidiary, EnerCam Resources, holds the onshore oil and gas license for Block VIII and aims to prove Cambodia as an oil and gas producing nation. Additional information about the company is available at https://angkorresources.com.
