Angkor Resources' Subsidiary Identifies Drill Targets On Block VIII Oil & Gas, Cambodia

On January 21, 2026, Angkor Resources Corp. announced that its energy subsidiary, EnerCam, has identified four specific drill targets on its Block VIII onshore oil and gas license in Cambodia. These targets were defined following the final interpretation of a 350-line kilometre seismic program. * The Targets: Three large anticline structures in the Bokor sub-basins (South, Central, and North) with mean closure areas of 57, 54, and 100 square kilometres respectively. A fourth target, a stratigraphic trap in the Kirirom sub-basin, covers 28 square kilometres. * Geological Context: Management compares the fold-belt geology to the early exploration days of Wyoming and notes analogs to producing fields in the Khorat Basin (Thailand). * Next Steps: The company plans to tender and undertake an Environmental Impact Assessment (EIA) immediately, with drilling planned to depths exceeding 3,000 metres.

This news is Material - Positive as it marks the transition from broad exploration concepts to actionable, drill-ready targets. * Scale of Targets: The size of the identified structures is significant for an onshore junior explorer. A 100 sq km closure (North Bokor) represents a massive potential reservoir if charged with hydrocarbons. This validates the capital and time spent on the seismic program throughout late 2025. * Risk Mitigation: The identification of multiple independent targets (three separate anticlines plus a stratigraphic trap) provides shots on goal, reducing the binary risk of a single-well failure, although geological risk remains high in a frontier jurisdiction. * Timing: This release follows the January 5, 2026, announcement of the sale of the Evesham oil assets in Canada. It confirms the company's strategic pivot: liquidating safe but capital-intensive Canadian assets to fund high-upside Cambodian exploration.

Angkor Resources Corp. is the first North American publicly traded mineral and energy company in Cambodia. * Flagship Project (Energy): Block VIII (Cambodia). A 3,729 sq km onshore oil and gas license. Angkor's subsidiary, EnerCam, holds a 20% carried interest (funded by partners) to production. The block contains the newly identified Bokor anticlines. * Secondary Projects (Mineral): * Andong Meas: Gold/Copper exploration. Contains the Canada Wall and newly identified CZ Gold prospects. * Andong Bor: Copper/Gold porphyry target. * Business Model: Project Generator/Carried Interest. Angkor generally aims to secure licenses and farm them out to partners who fund the heavy lifting (drilling), retaining a carried interest or royalty.