Angkor Resources' Annual Reserve Report 51-101F1 on Saskatchewan Oil & Gas Project States Increased Proved and Probable Reserves

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[{"type":"text","content":"Angkor Resources' Annual Reserve Report 51-101F1 on Saskatchewan Oil & Gas Project States Increased Proved and Probable Reserves\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n GRANDE PRAIRIE, ALBERTA –\n \n\n TheNewswire -\n \n\n May 12, 2025 - ANGKOR RESOURCES CORP.\n(TSXV: ANK) (“ANGKOR” OR “THE COMPANY”)\n \n\n announces the filing of its Form 51-101F1 indicating an\nincrease in its oil and gas reserves and Net Present Value on the\nEvesham project in Saskatchewan.   The Company’s Canadian energy\nsubsidiary, EnerCam Exploration Ltd. Co. Ltd. (“EnerCam”) holds a\n40% interest in the project and as part of regulatory requirements,\nfiles an annual report on the reserves and future net revenues.\n \n\n\n\n The independent report, prepared by qualified reserves\nevaluator GLJ Ltd. (GLJ) in\n \n\n accordance with the\nCanadian standards set out in the Canadian Oil and Gas Evaluation\nHandbook (“COGEH”) and National Instrument 51-101 (NI 51-101),\nStandards of Disclosure for Oil and Gas Activities, identified that\nusing a 10% discount factor, the summary of Proved plus Probable\nReserves for the Company’s 40% interest was $8.3 million CAD on a\nbefore tax basis as of July 31, 2024.  The Company acquired the\ninterest on November 1, 2023 for $4.4 million CAD.\n \n\n\n\n The table shown below was part of the filing Form\n151-101F1 and included in the Reserves Report by GLJ:\n \n\n\n\n\n\n\n\n\n\n\n SUMMARY OF NET PRESENT VALUES AND\nFUTURE NET REVENUE\n \n\n\n\n\n\n\n\n 31-Jul-24\n \n\n\n\n\n\n\n\n\n\n Net Present Value of Future Net\nRevenue\n \n\n\n\n\n\n Net Present Value of Future Net\nRevenue\n \n\n\n\n\n\n Unit Value Before\n \n\n\n\n\n\n\n\n\n\n Before Income Taxes Discounted\n(%)\n \n\n\n\n\n\n After Income Taxes Discounted\n(%)\n \n\n\n\n\n\n Income Tax\n \n\n\n\n\n\n\n\n\n\n 0%\n \n\n\n\n\n\n 5%\n \n\n\n\n\n\n 8%\n \n\n\n\n\n\n 10%\n \n\n\n\n\n\n 15%\n \n\n\n\n\n\n 20%\n \n\n\n\n\n\n 0%\n \n\n\n\n\n\n 5%\n \n\n\n\n\n\n 8%\n \n\n\n\n\n\n 10%\n \n\n\n\n\n\n 15%\n \n\n\n\n\n\n 20%\n \n\n\n\n\n\n Discounted 10%/yr\n \n\n\n\n\n\n\n\n\n\n M$\n \n\n\n\n\n\n M$\n \n\n\n\n\n\n M$\n \n\n\n\n\n\n M$\n \n\n\n\n\n\n M$\n \n\n\n\n\n\n M$\n \n\n\n\n\n\n M$\n \n\n\n\n\n\n M$\n \n\n\n\n\n\n M$\n \n\n\n\n\n...

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