Angkor Resources' Enercam Submits Drilling Contractor Tender To The Ministry Of Mines And Energy
Angkor confirms the drilling tender submission for its Cambodia oil project, reinforcing the established development timeline.
Angkor Resources Corp. (ANK) has submitted the formal terms of its drilling contractor tender to the Ministry of Mines and Energy (MME) for review through its Cambodian energy subsidiary, EnerCam Resources. The tender outlines a comprehensive scope for exploratory drilling across four sub-basins—South Bokor, Central Bokor, North Bokor, and Kirirom—within the Block VIII concession.
The planned wells will target depths up to 3,300 meters, aiming to intersect fractured Permian carbonates below the Indosinian 1 unconformity. Each well is designed for full production configuration, followed by a four-week flow test and a 12-week pressure build-up shut-in. Mobilization of drilling equipment, including rigs, pumps, and consumables, is estimated to take approximately three months post-contractor selection.
Bid selection is targeted for early 2027. The company has completed due diligence on multiple contractors, including site visits to Block VIII to assess infrastructure and road/bridge load capacity. This step follows the Ministry of Environment's approval of the Environmental Impact Assessment (EIA) on September 30, 2026, and the presentation of the 2027 work program to the Joint Review Committee on October 21, 2026.
Angkor Resources Corp. (ANK) has submitted its tender, a procedural milestone that follows the approval of the Environmental Impact Assessment (EIA) and subsequent regulatory presentations. This development confirms the company’s adherence to its stated 2027 drilling timeline. The submission removes regulatory ambiguity regarding the project's progression, shifting the immediate focus to contractor selection and mobilization, which are standard administrative and logistical steps in frontier exploration.
No new financial terms, capital raises, or commercial agreements are attached to this release. The company continues to fund operations through existing cash reserves and the August 2026 financing structure. Execution remains on track with no delays or cost overruns reported. The market has already been positioned for a 2027 drilling start through multiple prior updates, meaning this news validates the operational pipeline without introducing a new catalyst or altering the fundamental exploration risk.
Angkor Resources Corp. (ANK) operates mineral and energy exploration projects in Cambodia. Its flagship asset is Block VIII, an onshore oil and gas concession covering approximately 4,095 square kilometers, held by subsidiary EnerCam Resources. The project aims to drill Cambodia's first privately financed onshore exploratory oil and gas wells under a 30-year Production Sharing Contract.
Regarding exploration progress, the company has completed 350 line-kilometers of 2D seismic data and defined four drill targets across sub-basins. The environmental impact assessment (EIA) has been approved, a tender has been submitted, and a 2027 work program was presented to government committees.
The company also manages secondary projects, including the Andong Bor copper-molybdenum porphyry target and the Andong Meas gold prospects. Drilling is ongoing at these sites to test potassic alteration zones and structural contacts.