ANK:CC - Angkor Resources Undertakes Inspection and Assessment of Offshore Cambodian Oil Field
(TheNewswire)
GRANDE PRAIRIE, AB – TheNewswire - (May 25, 2022): Angkor Resources Corp.(TSXV:ANK ) and ( OTC:ANKOF) (“Angkor” or“the Company”) announces Angkor’s energysubsidiary, EnerCam Resources Corp., (EnerCam) advances potentialCambodian energy with inspection of production facilities in theoffshore Khmer Basin.
Executive VP Operations of Angkor, and President ofEnerCam, Mike Weeks, at the request of government officials ofMinistry of Energy in the Kingdom of Cambodia, has led a technicalassessment and inspection of the offshore production facilities anddrilling platform, located 160 kms from Sihanoukville at the offshoreoil field in the Khmer Basin of the Gulf of Thailand.
As President of and on behalf of EnerCam, Weeks, withover 30 years’ experience in international petroleum production,undertook a comprehensive study of producing offshore reservoir andpotential recovery of further oil production over the past fivemonths. As follow up to the report, submitted to Ministry of Minesand Energy (MME) in March, Weeks recently oversaw a physicalinspection of the offshore facilities. The crew ship taking the team160 kilometers southwest of Sihanoukville, departed May 3 and the8-man technical team was joined by 15 officials from Cambodia’s MMEthrough inclement weather and unsettled waters.
In December of 2021, Weeks coordinated a team ofveterans and specialists, each with +35 years of practical expertise,most of whom are Canadian, to study the potential to restart andcontinue producing the field. Team members included experiencedspecialists in fields such as reservoir integrity, down-hole welloptimization, environmental impact, safety, and other productionfields.
Figure 1 Offshore drilling platformwith production barge nearby.
“We’re happy to assist Cambodia in developing itsown energy sector both offshore and onshore,” says Weeks. Thisinspection of the existing facilities aids in providing industry andgovernment to determine next steps in future production and expansionof Cambodia’s own production.”
A full inspection report and production restartanalysis is being reviewed by all parties currently.
Figure 2 Weeks with MME's technicaldirector on supply vessel backing on to drilling platform.
QUALIFIED PERSON
Dennis Ouellette, B.Sc, P.Geo., is a member of TheAssociation of Professional Engineers and Geoscientists of Alberta(APEGA #104257) and a Qualified Person as defined by NationalInstrument 51-101 (“NI 51-101”). He is the Company’s VPExploration on site and has reviewed and approved the technicaldisclosure in this document.
ABOUT ANGKOR RESOURCESCORPORATION:
Angkor Resources Corp. is a public company, listed onthe TSX-Venture Exchange, and is a leading resource optimizer inCambodia with multiple licenses in NE quadrant of the country. In2020, 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:da@angkorgold.ca
Website: http://www.angkorresources.ca or follow us on Twitter @AngkorResources
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, other minerals and/or oil and gas/energy-relatedprojects at any of the Company’s properties, the prospectivenature of any claims comprising the Company’s property interests, the impact of general economicconditions, industry conditions, dependence upon regulatory 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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