Angkor Resources Identifies Fourth Drilling Target in Cambodian Oil & Gas Block

Angkor Resources Corp. has identified Mussel Basin as a fourth target for exploratory drilling on its Block VIII oil and gas license in Cambodia, based on preliminary processed data from a seismic program completed in September. The company's geophysical team confirmed that Mussel Basin represents a rift fault bounded basin, probably of Cenozoic age, making it structurally different from the three previously identified Bokor basins on the western half of the license area.

Keith Edwards, Geophysicist for EnerCam, explained the significance of this discovery, stating that Mussel Basin offers two key advantages: shallower drilling targets and potentially higher reservoir porosity due to less compaction. The team is currently reviewing data for stratigraphic traps, which could include reservoirs that pinch out against sealing rock or porous channel sand encased in impermeable shale. This geological distinction means the prospect types in Mussel Basin differ from those in the South, Central, and North Bokor basins.

The company undertook a 350-line kilometre 2D seismic program over Block VIII, completing data collection at the end of September. Processing and interpretation have been ongoing since then, with initial data revealing clear, large four-way closures on South Bokor and Central Bokor. All three sub-basins on the west side of Block VIII showed anticline structures, but Mussel Basin represents a new geological opportunity on the northeast portion of the license.

Angkor Resources anticipates completing full seismic interpretation in December, at which point drill targets will be prioritized. In the meantime, reprocessing of specific data areas continues to remove 'noise' for better resolution. Cleaner data helps verify what the seismic data reveals about unconformities and more clearly defines targets for drilling. The company's Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license covering 7,300 square kilometres in southwest Cambodia. After removing parks and protected areas and adding 220 square kilometres, the current license area measures just over 4,095 square kilometres.

This development matters because it represents progress toward proving Cambodia as an oil and gas producing nation. The identification of a fourth drilling target expands the exploration potential of Block VIII and demonstrates the value of comprehensive seismic data analysis. For investors and the energy industry, successful exploration in Cambodia could open new hydrocarbon resources in Southeast Asia. The company's approach combines traditional exploration with environmental considerations, as evidenced by its Canadian subsidiary's involvement in oil and gas production with gas capture measures to reduce emissions. More information about the company's activities can be found at https://www.angkorresources.com.