Angkor Resources Receives Preliminary Feedback on the First Basin of the Seismic Program with Enercam's Oil & Gas Block VIII, Cambodia

Executive Summary

• EnerCam Resources (Angkor’s Cambodian subsidiary) identified a substantial anticline (“South Bokor Lead”) covering ~48 km² with four‑way closure at 900–1500 m depth, marking the first drill target from its Block VIII 2‑D seismic program.
• Preliminary interpretation suggests a potential sealing mudstone and high‑amplitude reflections indicative of possible reservoir rock; drilling will be required to confirm hydrocarbon presence.
• The company plans to complete processing of remaining seismic lines by late October and aims to define a multi‑well exploratory drill program for 2026, targeting Cambodia’s first commercial onshore oil & gas discovery.

Key Details

• Seismic Program Scope: 24 lines across three provinces; 7 east‑west lines revealed a major unconformity; data acquisition completed in August with initial results received early September.
• South Bokor Lead Characteristics:
• Anticline structure, ~48 km² closure area.
• Depth: 900–1500 m below surface.
• Four‑way closure confirmed by management as first drill target.
• Geological Interpretation (preliminary):
• Upper layers likely Cretaceous‑Jurassic; lower layers Lower Jurassic to Permian, based on analogs from Thailand’s Khorat Plateau.
• Presence of a thick sealing mudstone band inferred from seismic reflections, potentially providing an effective trap.
• High‑amplitude, discontinuous reflections within the anticline suggest favorable reservoir rock development.
• Operational Highlights:
• Seismic acquisition employed 38 Khmer residents and 15 Thai contractors using EnviroSeis equipment.
• Ongoing processing and interpretation of all 24 lines expected by late October 2025.
• Future Plans:
• Completion of full seismic interpretation across remaining three sub‑basins by year‑end.
• Evaluation of data to design a multi‑hole exploratory drilling program slated for 2026, contingent on further geological validation.
• Strategic Context: Successful discovery would address Cambodia’s reliance on imported hydrocarbon energy (several billion USD annually) and represent the country’s first commercial onshore oil & gas resource.

Notable Quotes

“The South Bokor Lead is the foundation for building out a robust program as we advance to more interpretation across the area of seismic completed… Drilling is the only way to prove an oil and gas resource.” – Mike Weeks, President, EnerCam

“The initial seismic data clearly shows the gross structure and various bright spots and unconformities… we need more time to refine and draw definitive conclusions.” – Keith Edwards, Technical Manager, EnerCam