Angkor Resources Corp. (TSXV: ANK, OTCQB: ANKOF) announced that its Cambodian energy subsidiary, EnerCam Resources Co., Ltd., presented its 2026 work program results and proposed 2027 work program for Block VIII to the Royal Government of Cambodia at a Joint Review Committee (JRC) meeting held on October 6, 2026, at the Ministry of Mines and Energy in Phnom Penh. The JRC meets twice yearly under EnerCam's Production Sharing Contract to review progress on Block VIII. The EnerCam team delivered technical, administrative, and logistics presentations covering geology, geophysics, drilling, the Environmental Impact Assessment, and corporate social responsibility programs, along with the proposed 2027 budget.
Mike Weeks, President of EnerCam, commented: “Twice a year we sit down with the Ministry and walk through everything – the geology, the seismic, the well design, the environment work and what we've done in the communities. The feedback from the Ministry was positive, and the questions were the right ones for a project getting close to the drill bit. We're now updating the 2027 budget and the 2026 actuals, so the Ministry has the full picture as we move to the tender and to drilling Cambodia's first onshore wells.”
The 2027 program targets the start of exploration drilling in 2027, with North Bokor planned as the first well. Three approvals were received in 2026: the CSR Program, approved by the Ministry of Mines and Energy on May 13; the Health, Safety and Environment Manual, approved on August 24; and the drilling EIA, approved by the Ministry of Environment on September 15. EnerCam is now updating its 2027 budget and its 2026 budget-to-actual comparison for the Ministry.
In 2026, oil seep samples collected in 2025 were analyzed, and results are consistent with a 2015 Schlumberger evaluation indicating a thermogenic source. A surface coal sample analyzed by the Institute for Energy Technology in Norway suggests the source rock is within the early to peak oil generation window. Field studies with students at the Institute of Technology of Cambodia helped define the northern axis of the North Bokor anticline and identified quartz arenite sandstones at surface with 13–14% porosity. The team completed interpretation of two key unconformity surfaces, converted seismic sections to depth, and ran seismic attribute and pre-stack amplitude analysis. Proposed drilling locations were selected to sit within closure, intersect the strongest seismic amplitudes, and test fractured Permian carbonates below the Indosinian 1 surface.
EnerCam completed the engineering design and detailed program for drilling, completion, stimulation, and testing of its exploration wells. Each well is designed to be completed in a full production configuration, flow-tested for four weeks, and then shut in for a 12-week pressure build-up to yield a definitive answer on reservoir commerciality. During 2026, the team made two visits to China to meet three potential drilling service providers and hosted site visits to Block VIII by two potential drilling contractors. The drilling EIA, prepared by Cambodian consultant Green Assessment Co., Ltd., was submitted to the Ministry of Environment on May 12, 2026, reviewed at an inter-ministerial meeting of five ministries and three provinces on July 14, and approved on September 15. Under its approved CSR Program, EnerCam installed playgrounds at 11 primary schools in three provinces, benefiting approximately 3,900 students, and has installed latrines for selected poor families. Four ITC students completed three-month internships with EnerCam in geoscience departments.
The 2027 program includes preparation of the drilling tender document, followed by government review and approval before publication to bidders; bid selection in early 2027, followed by drill pad construction and mobilization of the rig, services, casing, and wellheads; import permits for downhole perforating charges and radioactive sources used in well logging, with EnerCam's request for a Ministry support letter for the perforating charges planned for October 2026; drilling of the North Bokor well, which has the largest of the three mapped Bokor closures at a mean area of 100 square kilometers, followed by a second well; a field program of seep and source-rock sampling and laboratory analysis; and processing of additional seismic data recorded on adjacent lines during the 2025 survey, giving denser coverage over the South and Central Bokor locations.
As Cambodia imports 100% of its hydrocarbon-based energy products, discovering a national domestic supply of oil and gas remains a high priority. The Company will continue providing further updates on the drilling tender, drilling contractors, and well-planning progress at regular intervals. For more information, visit angkorresources.com. The original release is available on www.newmediawire.com.
