Angkor Resources Advances Drilling Plans On Block VIII Oil & Gas License, Cambodia

Core Insights - Angkor Resources Corp. announces plans for exploratory oil and gas drilling on Block VIII in Cambodia, with a commitment to drill multiple exploratory wells in 2026 based on promising seismic data interpretations [1][3]. Company Developments - Angkor's subsidiary, EnerCam Resources Co. Cambodia Ltd., completed approximately 350-line kilometers of 2-D seismic across Block VIII, identifying at least three significant closed anticlines [2][3]. - The CEO expresses confidence in the interpretations of the seismic data, indicating that the structures identified are of significant quality and size, warranting further exploration [3]. - EnerCam is actively sourcing a suitable drilling rig and supporting equipment to conduct the first onshore wells in Cambodia [7]. Technical Findings - The seismic data indicates the presence of large anticlines with four-way closures of over 48 square kilometers and 60 square kilometers, suggesting a working hydrocarbon system [3][4]. - There are indications of Direct Hydrocarbon Indicators (DHIs) and potential multiple layers of reservoir strata beneath the sealing formation cap layer [6]. - The estimated rock volume of a single '1 meter thickness reservoir zone' under proven closures is approximately 48 million and 60 million cubic meters, highlighting the potential for significant hydrocarbon accumulation [6]. Future Plans - The company is focused on completing the seismic processing and interpretation to better understand the hydrocarbon system and reduce risks associated with reservoir quality and seal integrity [7]. - Management is committed to advancing activities to ensure the successful drilling of exploratory wells in the upcoming year [7].