Ms. Delayne Weeks reports
Angkor RESOURCES ADVANCES SEISMIC PROGRAM WITH ENERCAM'S OIL & GAS BLOCK VIII, CAMBODIA
Angkor Resources Corp.'s subsidiary, EnerCam Resources Co. Ltd. (Cambodia), is well under way to complete Cambodia's onshore EnviroVibe oil and gas 2-D seismic for Block VIII.
Mike Weeks, president of EnerCam, comments on the seismic: "We are very pleased to be doing seismic on Block VIII. This technical work leads to defining drill targets, all of which is part of the requirements to prove commercial oil and gas for Cambodia."
Mr.
Weeks, having worked in the industry for decades around the globe, adds: "Discovering oil and gas changes a nation because it gives a country independence, recurring revenue and its own source of national energy. The entire economic activity receives a boost not just from the discovery, but from all the additional service businesses that develop as part of the industry sector."
The quest for EnerCam is to discover Cambodia's first onshore oil and gas, as currently the country imports all of its hydrocarbon-based energy products, spending several billion dollars per year.
EnerCam strives to be drilling the first wells following appropriate interpretation and target definition from the seismic program.
The technical teams continue with additional research in the area concurrently with the seismic. Approached by local residents and business owners as they move from line to line across the targeted seismic area, the geoscience team is witnessing several abandoned water wells where oil has seeped into the well, making the water unusable for domestic use. As well, the team has sourced multiple additional surface oil seeps, adding to the inventory of documented locations of surface oil showings.
The seismic program employs 53 people to execute daily tasks to lay out geophones every four metres across upcoming seismic lines, then add data recorders every 25 metres that connect to the geophones. The pair of EnviroVibe units then pass the prepared line to be shot and sweeps the ground every 50 metres along the line to create ground vibration, and the results of the sound waves are transmitted and recorded. Then all the geophones and data recorders are collected and rotated back into the next cycle for the upcoming lines. Geophones and recorders generally try to stay 24 hours ahead of the Envirovibe units, so the process is efficient and advances in a timely manner.
Keith Edwards, technical manager for EnerCam, describes the program and the results to date: "We are looking to average about nine kilometres per day, with some short lines taking longer. The initial data looks promising and the methodology and the technology are such that despite the rain, we can sweep an area and receive good quality data."
Interpretation of the data will take place upon completion of the project, which is estimated to be between mid and the end of September. Between five and six weeks are budgeted as a timeline for interpretation.
Seismic teams are executing 350 line kilometres of two dimensional seismic over four identified sub-basins on the west side of the licence area and then will move to the newly described "mussel basin" on the northeast side of the licence.
About Angkor Resources Corp.
Angkor Resources is a public company, listed on the TSX Venture Exchange, and is a leading resource optimizer in Cambodia working toward mineral and energy solutions across Canada and Cambodia. Angkor's carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to environmental and social projects and cleaner energy solutions across jurisdictions. The company's mineral subsidiary, Angkor Gold Corp., in Cambodia holds three mineral exploration licenscs in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas licence of 7,300 square kilometres in the southwest quadrant of Cambodia called Block VIII. The company then removed all parks and protected areas to reduce the size to just over 3,700 square kilometres. Since 2022, Angkor's Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Saskatchewan, Canada.
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