Core Viewpoint - ANGKOR RESOURCES CORP. is advancing its subsidiary EnerCam Resources Co. Ltd.'s seismic project in Cambodia's Block VIII, aiming to discover the country's first onshore oil and gas reserves, which could significantly impact the nation's energy independence and economic growth [1][2]. Project Overview - EnerCam is conducting a 2-D seismic survey in Block VIII, which is essential for defining drill targets and proving the commercial viability of oil and gas in Cambodia [1][2]. - The seismic program involves 350-line kilometers of two-dimensional seismic across four identified sub-basins, with plans to explore a newly described 'mussel basin' [7]. Technical Execution - The seismic program employs 53 personnel to deploy geophones and data recorders, ensuring efficient data collection and processing [5]. - The technical team aims to average about nine kilometers of seismic data collection per day, with initial data showing promising results despite weather challenges [6]. Local Impact and Observations - The geoscience team has observed abandoned water wells contaminated by oil seepage, indicating potential hydrocarbon presence in the area [4]. - Local residents and business owners have been engaged during the seismic operations, highlighting community involvement and support for the project [4]. Company Background - ANGKOR RESOURCES CORP. is a public company listed on the TSX-Venture Exchange, focusing on resource optimization in Cambodia and Canada, including mineral exploration and energy solutions [15].
Angkor Resources Advances Seismic Program With Enercam's Oil & Gas Block VIII, Cambodia