ANK:CC - ENERCAM Installs Compressor Unit at Evesham Gas Capture Site
(TheNewswire)
GRANDE PRAIRIE, AB – TheNewswire - (May 16, 2022): Angkor Resources Corp.(TSXV:ANK ) and ( OTC:ANKOF) (“Angkor” or“the Company”) is pleased to announce thatthrough its energy subsidiary, EnerCam Exploration Ltd. (EC), thecarbon/gas capture project is nearing start-up with the refurbishedcompressor equipment delivered at site for installation and commissionof the facility at Evesham, Saskatchewan.
The Evesham Carbon / Gas Capture Energy Project,initiated in Q1 2022, captures by-product gas (methane, ethane, etc.)from production tanks which would otherwise vent into the atmosphere.This project ties in each tank with approved high density pipingconduit and collects the gas, which is transported through itsunderground pipeline. The process removes water, then cleans,compresses, and transports the gas to a sales facility for a clean,dry, natural gas that is sold through provincial distribution channelsto homes across the prairies in Canada.
“There are very forward-thinking measures taken byoil and gas leaders to reduce emissions and create cleaner, greenerenergy solutions”, comments Mike Weeks, Executive VP Operations andveteran in Oil & Gas Production. “Canadians need their cleannatural gas. Proper management of our resources creates solid,environmentally sound solutions, and transitions us from purelytraditional methods to transitional forms. This carbon capture is aperfect example of how we make these transitions, realizing cleanerair quality with less emissions and clean, affordableenergy.“
This project continues Angkor’s philosophy of clean,sustainable energy that will minimize their carbon footprint.
“We are pleased to fulfill our commitment to ourinvestors and local areas that Angkor pursues and implements greenenergy initiatives,” says Weeks. “Furthermore, our goal towardpositive cash flow will be advanced with this project’scompletion.”
The operation’s full capacity is expected to bedetermined in the coming weeks.
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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 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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