Angkor Resources adds Mussel basin to Block VIII

Executive Summary

• Angkor Resources’ subsidiary EnerCam received government approval to add 220 km² (Mussel Basin) to its Block VIII oil and gas licence in Cambodia, increasing the licence area to 4,277 km².
• The expansion removes all parks and protected areas from development and brings additional prospective sedimentary zones into the permit area for evaluation with new 2‑D seismic data.
• EnerCam plans to integrate the Mussel Basin seismic lines into its program and complete processing/interpretation by September 20, 2025, positioning the basin as a target for early exploratory drilling.

Key Details

• Approval: Ministry of Mines and Energy authorized incorporation of the Mussel Basin (220 km²) into Block VIII.
• New Licence Size: Block VIII now totals 4,277 km² after removal of parks/protected areas.
• Geological Insight: Mussel Basin is a self‑contained Cenozoic sedimentary basin with identified stratigraphic trapping anomalies and historic surface oil seeps.
• Seismic Work: Existing 2008 vintage accelerated weight drop (AWD) 2‑D seismic lines have been reviewed; additional 2‑D lines are being acquired in the current field program.
• Next Steps: Incorporate Mussel Basin seismic data into the overall seismic program, complete processing and interpretation, with a target completion date of Sept 20, 2025.
• Management Comments:
• Mike Weeks (President, EnerCam) – “We are very happy to add the Mussel basin area…significant area with strong indications as an added subbasin for exploration and development.”
• Justin Snelling (Senior Geologist/Reservoir Specialist) – Highlighted the basin’s potential based on seismic anomalies and legacy oil seeps, deeming it a prospective target for early exploratory drilling.