Core Insights - Angkor Resources Corp. has confirmed the discovery of a third anticlinal dome structure, North Bokor, within Block VIII, enhancing its potential drilling targets for oil and gas [1][2][6]. Group 1: Discovery and Implications - The identification of the North Bokor structure adds to previously identified closed anticline structures in South Bokor and Central Bokor, indicating a positive outlook for future drilling [2][6]. - The North Bokor structure is located at a shallower depth of 150-200 milliseconds two-way time (TWT), approximately 300-400 meters below the valley floor, which may facilitate easier drilling [3][8]. - Although the North Bokor seismic does not confirm a closed structure, management is optimistic about its potential based on surrounding geological features [6][8]. Group 2: Exploration and Development - EnerCam Resources, a subsidiary of Angkor, is actively advancing oil and gas exploration in Cambodia, aiming to establish the country as an oil and gas producer [12]. - The company holds an onshore oil and gas license covering over 4,095 square kilometers in Block VIII, which has been expanded by removing parks and protected areas [12]. - Angkor's Canadian subsidiary has been involved in oil and gas production in Saskatchewan and is also engaged in carbon capture initiatives, reflecting a commitment to environmental sustainability [13].
Angkor Resources Identifies Third Drill Prospect on Block VIII Oil & Gas License, Cambodia