Angkor Resources Corp. announced that its energy subsidiary, EnerCam Resources Cambodia Co. Ltd., has identified four drill targets for exploratory oil and gas wells across Block VIII in Cambodia. This determination follows the final interpretation of seismic data collected over 350-line kilometers, covering the South, Central, and North Bokor subbasins on the west side of the license area and the Kirirom subbasin in the northeast.
Dr. David Johnson, Qualified Professional for Angkor Resources, described the discovery of an undrilled fold-belt with multiple large anticlines as exceptionally rare. He noted the structural similarities to the producing Nam Phong and Sinphuhorn gas fields in Thailand's Khorat Basin, suggesting promising geological analogs. The seismic mapping revealed four-way closures covering tens of square kilometers: approximately 57 square kilometers in South Bokor, 54 in Central Bokor, and 100 in North Bokor. A stratigraphic trap estimated at 28 square kilometers was also identified in the Kirirom subbasin.
The primary traps in the Bokor structures are expected in gently folded seals and reservoirs adjacent to major sedimentary changes known as angular unconformities. Secondary traps may exist in sections above, below, or between these primary targets, meaning each exploratory well has the potential to encounter multiple gas or oil accumulations. The planned wells may exceed 3,000 meters in depth to evaluate two prospective zones in each hole. The company's technical team continues to refine the interpretation and definition of the drill target stratigraphy.
The next phase involves tendering and undertaking an Environmental Impact Assessment for the targeted drilling areas. This step is crucial for advancing what could become Cambodia's first onshore oil and gas exploratory wells. The geological resemblance of the Bokor structures to the productive traps in the Khorat Basin, where significant gas has been produced over the past two decades, underscores the potential significance of this project for Cambodia's energy sector.
In related corporate news, Angkor Resources granted 250,000 stock options to consultants assisting with business development. The options, priced at $0.35 per share with a 12-month term, were issued under the company's Stock Option Plan and are subject to TSX Venture Exchange approval. The company's energy subsidiary, EnerCam, holds an onshore oil and gas license for over 4,095 square kilometers in Block VIII, having adjusted the original area by removing parks and protected zones while adding 220 square kilometers. More information about the company is available at https://angkorresources.com.
The identification of these drill targets marks a pivotal moment in Cambodia's pursuit of domestic energy resources. If successful, exploration could reduce the nation's reliance on energy imports, stimulate local economic development, and attract further investment into the region's energy sector. The project also highlights the ongoing global search for new hydrocarbon resources in underexplored geological provinces, with potential implications for regional energy markets and supply dynamics.
