Angkor continues 2-D seismic work on Block VIII

Executive Summary

• Angkor Resources’ subsidiary EnerCam is actively conducting a 2‑D seismic survey (EnviroVibe) over Block VIII in Cambodia, targeting the first onshore oil and gas discovery.
• The program has deployed 53 personnel, completed ~350 line‑km across four sub‑basins, and is averaging about nine kilometres of data acquisition per day with completion expected by late September 2026.
• Early results are promising; surface oil seeps and water wells contaminated by oil have been identified, supporting the prospectivity of the area.

Key Details

• Survey Scope: 350 line‑kilometres of 2‑D seismic covering four sub‑basins on the west side of Block VIII and the “mussel basin” in the northeast.
• Personnel & Methodology: 53 staff lay geophones every 4 m, install data recorders every 25 m, and fire EnviroVibe units every 50 m; geophones/recorders are kept ~24 h ahead of acquisition to maintain efficiency.
• Acquisition Rate: Target average of ~9 km per day; short lines may take longer due to terrain or weather conditions.
• Timeline: Field work expected to finish between mid‑September and end‑September 2026; interpretation phase budgeted for 5–6 weeks thereafter.
• Early Indicators: Multiple surface oil seeps documented; several abandoned water wells have become contaminated by oil, suggesting hydrocarbon presence.
• Management Comments:
• Mike Weeks (President, EnerCam) – “Seismic on Block VIII defines drill targets… essential to prove commercial oil and gas for Cambodia.”
• Keith Edwards (Technical Manager, EnerCam) – “Initial data looks promising; despite rain we can sweep an area and receive good quality data.”
• Strategic Goal: Use seismic results to define drilling targets and ultimately drill the first wells in Block VIII, aiming to reduce Cambodia’s reliance on imported hydrocarbons.

Notable Quotes

“Discovering oil and gas changes a nation because it gives a country independence, recurring revenue and its own source of national energy.” – Mike Weeks, President, EnerCam

Materiality Assessment: Non‑Material – Positive (operational progress with potential future impact but no immediate financial or earnings effect).