ANK:CC - Oil and Gas Update - General Department of Petroleum for Cambodia Meets Enercam on Block VIII
(TheNewswire)
GRANDE PRAIRIE, ALBERTA – TheNewswire - April 8, 2025 - ANGKOR RESOURCES CORP.(TSXV: ANK) (“ANGKOR” OR “THE COMPANY”) announces that management of its energy subsidiary, EnerCamResources (Cambodia) Co. Ltd. (“EnerCam”) met with and provided anupdate to government authorities of the General Department ofPetroleum (“GDP”) regarding the steps and progress of EnerCam’sactivities on Block VIII.
The Production Sharing Agreement (“PSA”) on BlockVIII is for a 30-year term with potential extensions on productionlevels. Included in the PSA are various checks and balances inwhich EnerCam as the Contractor, must inform the Ministry of Mines andEnergy (“MME”) of the activities it is undertaking or planning toundertake for formal approval.
The Deputy Director of GDP hosted members of theEnerCam management to receive updates on:
the EIA (Environmental Impact Assessment).
the three Bokor sub-basins on Block VIII license thatare of primary interest.
the two shallower sedimentary basins on the east sideof the license.
he 350-line kilometer seismic program that will startonce the EIA is completed and approved.
EnerCam’s plans to hire and support training of Khmerpeople to work in the petroleum industry in all levels that willbecome Cambodia’s future in oil and gas.
(picture above) Deputy Director of GDP, Ms. SomalineSORN and her colleagues reviewed EnerCam’s activities and plans. Providing the presentation from EnerCam were Mads Braemer FinancialManager, Mike Weeks President of EnerCam, an CEO of Angkor ResourcesDelayne Weeks.
EnerCam’s intent is to fast-track activities tocommence drilling and ensure terms of the PSA are met. The companytarget is to inform GDP two months in advance of each plannedactivity. As the technical teams and contractors of EnerCam advanceon the license, Management integrates and diarizes the results of allactivities. This practice supports both administrative disclosure andthe approval process and thereby facilitates the continued progress ofall exploration activities.
Environmental ImpactAssessment
As the Environmental Impact Assessment continues acrossthe Block VIII area, Khmer Environmental Contractors are meeting withcommunity members, as well as carrying out water, air, and soilsampling. Seismic operations can begin upon approval of apreliminary copy of the completed Environmental Assessment by theMinistry of Environment and the GDP.
Seismic Program
Cambodia does not have any in-country seismicoperators. Companies from Canada, China, andThailand have bid on the 350-kilometer program of 2-D seismic. Thebidding documents are currently in front of the MME and GDP for reviewand approval.
Angkor Resources Corp. has also entered into anagreement dated Apr 7, 2025, with an arm's-length marketingfirm, Hillside Consulting and Media Inc., to provide digitalmarketing services to the company, including search engineoptimization, pay-per-click, e-mail, YouTube and social mediachannels, to increase corporate awareness for a term of two weeks. Themedia disseminated will be generated using publicly availableinformation. The company will pay Hillside a cash fee of $25,000CAD, plus applicable taxes. Neither Hillside nor its principals holdany securities of the company.
Hillside can be contacted at 474 Main St., Penticton,B.C., V2A 5C5; or by telephone at 250-485-3615; or by e-mailat hillsideconsultingmedia@gmail.com .
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’s mineral subsidiary, AngkorGold Corp. in Cambodia holds three mineral exploration licenses inCambodia and its Cambodian energy subsidiary, EnerCam Resources, wasgranted an onshore oil and gas license of 3729 square kilometers inthe southwest quadrant of Cambodia called Block VIII. Since 2022,Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has beeninvolved in gas/carbon capture and oil and gas production in Evesham,Saskatchewan.
CONTACT: DelayneWeeks - CEO
Email: info@angkorresources.com Website: angkor resources.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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