Angkor Resources Expands Cambodian Oil and Gas License with Mussel Basin Addition
TL;DR
Angkor Resources gains strategic advantage with 220 sq km expansion in Block VIII, enhancing oil and gas exploration potential in Cambodia's Mussel Basin.
EnerCam will incorporate new seismic lines into ongoing operations, targeting September 20 for processing and interpretation of the Mussel Basin area.
Angkor's expansion supports Cambodia's energy development while maintaining environmental responsibility through voluntary removal of protected areas from exploration.
The newly added Mussel Basin contains documented surface oil seeps and promising stratigraphic trapping anomalies identified through advanced seismic analysis.
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Angkor Resources Corp. (TSXV: ANK) announced that its Cambodian subsidiary, EnerCam Resources Co. Ltd., has received approval from the Ministry of Mines and Energy to add the 220-square-kilometer Mussel Basin area within Block VIII boundaries. This expansion increases Block VIII to 4,277 square kilometers, following the company's voluntary removal of all parks and protected areas from development in March 2025.
Mike Weeks, President of EnerCam, emphasized the significance of the addition, stating that the Mussel Basin represents a substantial area with strong indications as an added sub-basin for oil and gas exploration and development in Cambodia. The integration of this basin allows for comprehensive evaluation through new 2-D seismic lines during current field operations.
Justin Snelling, senior geologist and reservoir specialist for EnerCam, described the Mussel Basin as a self-contained Cenozoic age sedimentary basin. The review of vintage 2008 Accelerated Weight Drop (AWD) 2-D seismic lines has identified potential stratigraphic trapping anomalies, complemented by documented legacy surface oil seeps. These factors position the basin as a prospective target for early exploratory drilling.
The next steps involve incorporating seismic lines from the Mussel Basin into the ongoing seismic program, with completion targeted for September 20, 2025. This expansion not only enhances the geological prospects of Block VIII but also aligns with broader energy development initiatives in Cambodia. The company's approach reflects a balanced strategy of resource optimization and environmental responsibility, as evidenced by the exclusion of protected areas.
For further details, visit angkorresources.com. The implications of this approval extend beyond immediate exploration, potentially contributing to Cambodia's energy independence and economic growth through domestic oil and gas production. Industry observers will monitor the seismic results and subsequent drilling plans, which could establish new benchmarks for hydrocarbon exploration in Southeast Asia.
Curated from NewMediaWire
