Angkor Resources' EnerCam Exploration Canada Signs Joint Strategic Alliance Agreement On Oil & Gas Block Viii Onshore, Cambodia

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[{"type":"text","content":"Angkor Resources' EnerCam Exploration Canada Signs Joint Strategic Alliance Agreement On Oil & Gas Block Viii Onshore, Cambodia \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 - March 4,\n2025 –\n \n\n TheNewswire -\n \n\n ANGKOR RESOURCES CORP.\n(TSXV: ANK) (“ANGKOR”)\n \n\n announces its\nCanadian energy subsidiary, EnerCam Exploration Ltd.(“EnerCam\nCanada”), has signed a Joint Strategic Alliance Agreement (the\n“Agreement”) on February 28, 2025 with 358140 Alberta Ltd.\n(“358”) and with EnerCam Resources Co. Ltd. Cambodia (“EnerCam\nCambodia”) to finance and develop oil and gas production for the\nCambodian Block VIII onshore project. (the ”Project”).\n \n\n\n\n President of EnerCam, Mike Weeks, comments on the\ntransaction: “We are so pleased to be in a Strategic Alliance with\n358, a Canadian company that is well versed in the oil & gas\nindustry.   Their funding will allow us to advance the Project to\ncomplete magnetics, seismic, and other activities we anticipate will\nlead to Cambodia’s first onshore wells being drilled.   Their added\nexpertise of using advanced drilling and recovery methods in Canada\nmake way for Cambodia to not only move to producing its own energy\nfrom hydrocarbons, but to do so in using some of the latest, greenest\ntechnologies.”  Weeks adds, “As well, 358 brings business acumen\nfor adding additional investors at a strategic time to grow the\nproject and the industry.  Any additional funding and investment into\nthe Project are governed by mutual agreement and comes out of 358’s\ninterest.”\n \n\n\n\n Highlights of the agreement\ninclude:\n \n\n\n\n\n\n 358 shall be responsible to fund 100% of the Project\nunder the Agreement terms.\n \n\n\n\n\n\n\n\n EnerCam will be the Operator of the Project from\nexploration through to production.\n \n\n\n\n\n\n\n\n EnerCam will maintain a 20% carried interest in the\nProject and 358 will hold an 80% interest in the Project.   EnerCam\nhas the option of converting to a 3% GORR (gross overriding royalty)\nat the production stage.\n \n\n\n\n\n\n\n\n Phase One will cover licensing commitments, seismic and\nanalysis, and drill tar...

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