ANK:CC - ANGKOR RESOURCES Finalizes Connecting 21 Wellsites for Gas Capture Project for Clean Energy In Canada
(TheNewswire)
GRANDE PRAIRIE, AB – TheNewswire - September 8, 202 2 - Angkor Resources Corp.(TSXV:ANK ) and ( OTC:ANKOF) (“Angkor” or“the Company” announces consolidation ofemissions from 21 wells to advance the carbon/gas capture energyproject (the “Project”) in Evesham, Saskatchewan.
The Project collects methane, other gases and carbonemissions from 21 oil wells across a field stretching over twosections (1280 acres), all connected with underground pipelines. Thegas is then dewatered, processed and converted into a clean, naturalgas, which is then tied into a sales point regulated by the Provinceof Saskatchewan. An additional six wells will be tied in during lateSeptember and a further five have been slated as contributors oncecommissioning is complete.
The past several months involved adding and upgrading acompressor to the site, refurbishing the dewatering equipment, addingspecific components, and installation of approximately 2200 meters of2” HDPE (high-densitypolyethylene) pipe and tie-ins from each of thewells contributing to the gas capture. An archeological review wasalso part of an environmental study in proximity to two of theconnecting pipelines and has been completed and the site approved.
A provincial gas provider, Trans Energy, hasimplemented additional requirements to exchange a measurement andmonitoring meter system, which they have scheduled for the latter halfof September. Following that, up to three million cubic feet of gascan be accommodated under the Project. The result is an additionalsupply of clean natural gas and a shared revenue stream for Angkor,its energy subsidiary, EnerCam Exploration Ltd. (EnerCam), and thesite operators, under Eyehill Creek Exploration Ltd.
Figure 2 Compressor Station with Dehydrator
D Weeks, CEO of Angkor, comments, “We are pleased tosee the final stages being completed in September for this Project. The demand for natural gas, and the timing of commission going intothe Canadian winter contribute to the need for additional clean energysolutions. We look forward to October as a revised timeline forstart-up.”
ABOUT ANGKOR RESOURCES CORP.
Angkor Resources Corp. is a public company, listed onthe TSX-Venture Exchange, and is a leading resource optimizer inCambodia with multiple licenses in the NE quadrant of the country. In 2020, the company received approval and initiated negotiations onProduction Sharing Contract (PSC) terms for Block VIII, a 7,300 squarekilometre oil and gas license in Cambodia.
CONTACT:
Delayne Weeks, CEO Telephone: +1 (780) 831-8722
Email: dw@angkorresources.com Website: http://www.angkorresources.com
Please follow @AngkorResources on , , , Instagram and .
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Certain information set forth in this news release maycontain forward-looking statements that involve substantial known andunknown risks and uncertainties. These forward-looking statements aresubject to numerous risks and uncertainties, certain of which arebeyond the control of the Company, including, but not limited to thepotential for gold and/or other minerals at any of the Company’sproperties, the prospective nature of any claims comprising the Company’s property interests, the impact ofgeneral economic conditions, industry conditions, dependence uponregulatory approvals, uncertainty of sample results, timing andresults o f future exploration, and the availability offinancing . Readers are cautioned that the assumptions used in the preparationof such information, although considered reasonable at the time ofpreparation, may prove to be imprecise and, as such, undue relianceshould not be placed on forward-looking statements.
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