Angkor Resources Confirms Mussel Basin as Fourth Drilling Target on Cambodian Block VIII

Angkor Resources Corp. has confirmed Mussel Basin as a fourth target for exploratory drilling on its Block VIII oil and gas license in Cambodia, based on processed data from a recent seismic program. The company previously identified three significant closed anticline structures in South Bokor, Central Bokor, and North Bokor on the western half of the license area. Preliminary processed data now supports the expectation that Mussel Basin, located in the northeast portion of Block VIII, is a rift fault bounded basin likely of Cenozoic age, making it structurally different from the other three basins and presenting distinct prospect types.

Keith Edwards, Geophysicist for EnerCam, Angkor's Cambodian energy subsidiary, noted that Mussel Basin offers two key advantages. First, drilling targets will be shallower than those in other basins. Second, reservoir porosity may be higher due to less compaction. The team is currently reviewing data for stratigraphic traps, such as reservoirs that pinch out against sealing rock or porous channel sand encased in impermeable shale. A full seismic interpretation is anticipated in December, which will help prioritize drill targets.

Meanwhile, reprocessing of specific data areas continues to remove noise for better resolution. Cleaner data helps verify what seismic data indicates about unconformities and more clearly defines drilling targets. The company completed a 350-line kilometre 2D seismic program over Block VIII at the end of September, with processing and interpretation ongoing since then. Initial data revealed clear, large four-way closures on South Bokor and Central Bokor, with all three sub-basins on the west side of Block VIII exhibiting anticline structures.

EnerCam Resources was granted an onshore oil and gas license covering 7300 square kilometres in southwestern Cambodia, designated as Block VIII. After removing parks and protected areas and adding 220 square kilometres, the license area now measures just over 4095 square kilometres. EnerCam is actively advancing oil and gas exploration activities onshore with the mission to establish Cambodia as an oil and gas producing nation. More information about the company's operations can be found at https://angkorresources.com.

Angkor's Canadian subsidiary, EnerCam Exploration Ltd., has been involved in oil and gas production in Saskatchewan, Canada since 2022, implementing gas capture measures to reduce emissions. The company's carbon capture and gas conservation project is part of its long-term commitment to environmental and social initiatives and cleaner energy solutions across jurisdictions. Additionally, Angkor's mineral subsidiary, Angkor Gold Corp., holds two mineral exploration licenses in Cambodia with multiple copper and gold prospects.

The confirmation of Mussel Basin as a drilling target represents a significant step in Cambodia's emerging energy sector. Successful exploration could contribute to the nation's energy independence and economic development, while the company's emphasis on cleaner energy solutions aligns with global environmental priorities. The structural differences of Mussel Basin may offer more accessible hydrocarbon resources, potentially reducing exploration costs and environmental impact compared to deeper targets.