Angkor Resources' Subsidiary Identifies Drill Targets On Block VIII Oil & Gas, Cambodia

Core Viewpoint - Angkor Resources Corp. announces that its energy subsidiary, Enercam Resources Cambodia Co. Ltd., has identified four drill targets for exploratory oil and gas wells in Block VIII based on seismic data interpretation [1][2]. Group 1: Drill Targets and Geological Insights - EnerCam's technical team has interpreted seismic data covering 350-line kilometers across four subbasins in Block VIII, including the Kirirom subbasin, within a 4095 square kilometer license area [2]. - Dr. David Johnson highlighted the rarity of finding an undrilled fold-belt with multiple large anticlines, indicating significant potential for oil and gas reserves [3]. - The primary traps in the Bokor structures are expected to be located in gently folded seals and reservoirs adjacent to angular unconformities, with potential for multiple gas or oil accumulations in each well [4]. Group 2: Project Advancement and Environmental Assessment - The next step for the project involves conducting an Environmental Impact Assessment on the targeted drilling areas in the Bokor structures [5]. - The structures in the Bokor basin show similarities to the productive Nam Phong and Sinphuhorn fields in Thailand, which have yielded significant gas production over the past 20 years [5]. Group 3: Drilling Plans and Technical Details - Drilling is planned to test two primary objectives in each well, with depths potentially exceeding 3000 meters to evaluate prospective zones [6]. - The identified drill targets include South Bokor (mean area of 57 square kilometers), Central Bokor (mean area of 54 square kilometers), and North Bokor (mean area of 100 square kilometers) [8]. Group 4: Company Overview and Stock Options - Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia [11]. - The company has granted 250,000 stock options to consultants at a price of $0.35 per share, with a term of 12 months, as part of its Stock Option Plan [9].