ANK:CC - Angkor Resources Launches Assessment with Communities and Ministry on Block VIII Oil License Cambodia
(TheNewswire)
GRANDE PRAIRIE, ALBERTA – TheNewswire - October 3, 2023 - Angkor Resources Corp. (TSXV:ANK ) and ( OTC:ANKOF) (“Angkor” or the “Company”) a nnounces the completion of a communityassessment mission for ESG (Environment, Social, Governance) and CSR(Corporate Social Responsibility) on Block VIII oil and gas license. The Company’s energy subsidiary, EnerCam Exploration Ltd.(EnerCam), has spent the past two years working to reduce emissionsand improve and increase energy creation in both Canada and Cambodia.
Given the extensive research completed by EnerCam onits Block VIII license, Mike Weeks, President of EnerCam, comments,“We are convinced that Cambodian citizens are standing on their ownenergy resource and the country only needs a few leaders in oil andgas to mobilize the entire sector. Western Canadians are provenenergy industry experts and are known for helping other nations inimplementing the latest technology and innovative advancements. Theresult is a huge opportunity to produce energy, and concurrentlytransfer training, expertise, and environmental solutions from onenation to another.” Weeks continues, “We can take our pastexperience of 75 years building the industry in Western Canada andhelp fast-track Cambodia to implement carbon capture and clean greenenergy solutions at the same time as proving the resource on Cambodiansoil.”
As part of initial activities, EnerCam staff undertookan ESG / CSR mission across the Ou Bak Roteh Commune, meeting withfive members of MME (Ministry of Mines and Energy), community leadersincluding three chiefs of the villages, chief of the commune, and fourcommunity representatives. Similar to their method of operating inmineral activities, the Company undertakes community needs assessmentsto identify social, environmental, education, and health priorities inareas in which EnerCam intends to work.
Consistently, the communities requested employment forlocal residents in exploration activities, assistance with clean waterand sanitation projects, English and computer training and skill setvocational training for the oil and gas industry.
Discussions with community officials mirror decade-oldpatterns from development in Canada, such as questions about howprivate landowners are compensated if the Company is on surface land.
Stated from Ministry of Mines and Energy, Cambodiaspent more than $3.8 billion USD importing oil and gas products in2022 as the country currently has no domestic oil and gas productionand are significant buyers of LPG (liquid petroleum gas) and LNG(liquified natural gas) as well as other energy products. EnerCamwas granted an onshore license in the southwest area of the countrylast year and is looking to lead Cambodia to its own domestic energyproduction from onshore hydrocarbons.
EnerCam is also awaiting approval on its ProductionSharing Contract to restart offshore production on Apsara, agovernment owned project with the wellhead platform located 160kilometers from shore.
EnerCam continues to seek additional solutions andniche markets to reduce emissions and improve energycreation .
ABOUT ANGKOR RESOURCESCORPORATION:
Angkor Resources Corp. is a publiccompany, listed on the TSX-Venture Exchange, and is a leading resourceoptimizer in Cambodia working towards mineral and energy solutionsacross Canada and Cambodia. Angkor’s carbon capture and gasconservation project in Saskatchewan, Canada is part of its long-termcommitment to Environmental and Social projects and cleaner energysolutions across expanding jurisdictions. The company holds three mineral explorationlicenses in Cambodia and its subsidiary, EnerCam Resources, wasgranted an onshore oil and gas license of 7300 square kilometers inthe southwest quadrant of Cambodia.
CONTACT:
Delayne Weeks -CEO
Email: info@angkorresources.com Website: angkorresources.com Telephone: +1 (780)831-8722
Please follow @AngkorResources on , , , Instagram and .
Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.
Certain information set forth in thisnews release may contain forward-looking statements that involvesubstantial known and unknown risks and uncertainties. Theseforward-looking statements are subject to numerous risks anduncertainties, certain of which are beyond the control of the Company,including, but not limited to the potential for gold and/or otherminerals at any of the Company’s properties, the prospective natureof any claims comprising the Company’s property interests, the impact of generaleconomic conditions, industry conditions, dependence upon regulatoryapprovals, uncertainty of sample results, timing and resultso f future exploration, andthe availability of financing. Readers are cautioned that theassumptions used in the preparation of such information, althoughconsidered reasonable at the time of preparation, may prove to beimprecise and, as such, undue reliance should not be placed onforward-looking statements.
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