Angkor Resources Corp. has received approval from Cambodia's Ministry of Mines and Energy to incorporate the Mussel Basin, an additional 220 square kilometers, into its Block VIII oil and gas license. This expansion brings the total license area to 4,277 square kilometers, following the company's voluntary removal of all parks and protected areas from development in March 2025. The inclusion of this basin is significant as it represents a substantial area with strong indications as an added sub-basin for exploration and development, according to Mike Weeks, President of EnerCam Resources Co. Ltd., Angkor's Cambodian energy subsidiary.
The Mussel Basin is described by Justin Snelling, senior geologist and reservoir specialist for EnerCam, as a self-contained Cenozoic age sedimentary basin. A review of vintage 2008 Accelerated Weight Drop (AWD) 2-D seismic lines has identified potential stratigraphic trapping anomalies. These anomalies, combined with known legacy surface oil seeps documented in the area, make the basin a prospective target for early exploratory drilling. The expansion allows for comprehensive evaluation through new 2-D seismic lines acquired during current field operations, strengthening Angkor's position as a resource optimizer in Cambodia.
The next steps involve incorporating seismic lines from the Mussel Basin into the ongoing seismic program, with processing and interpretation targeted for completion by September 20, 2025. This timeline is crucial for advancing exploration efforts and assessing the basin's potential. The company maintains a long-term commitment to environmental and social projects, including its carbon capture and gas conservation project in Saskatchewan, Canada, which aligns with its broader strategy of working towards mineral and energy solutions across both Canada and Cambodia.
Angkor Resources Corp. is listed on the TSX Venture Exchange under the symbol ANK. The company's Cambodian energy subsidiary, EnerCam Resources, was originally granted an onshore oil and gas license of 7,300 square kilometers in southwest Cambodia, now reduced to 4,277 square kilometers after the removal of protected areas. This reduction reflects the company's adherence to environmental considerations, while the expansion into the Mussel Basin highlights its focus on viable exploration targets. For more details, view the original release on www.newmediawire.com.
