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Angkor Resources' Subsidiary Receives Final Approval to Advance Onshore Oil and Gas, Cambodia
(TheNewswire) GRANDE PRAIRIE, ALBERTA – TheNewswire - March 12, 2025 - ANGKO...
About this update from Angkor Resources Corp.
[{"type":"text","content":"Angkor Resources' Subsidiary Receives Final Approval to Advance Onshore Oil and Gas, 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 –\n \n\n TheNewswire -\n \n\n March 12, 2025 - ANGKOR RESOURCES CORP.\n(TSXV: ANK) (“ANGKOR” OR “THE COMPANY”)\n \n\n announces its Cambodian subsidiary, EnerCam Resources Co.\nLtd. Cambodia (“ECC”) received written approval on March 9 to\nadvance the Cambodian Block VIII onshore project (the ”Project”)\nfor oil and gas development.\n \n\n\n\n Delayne Weeks, CEO of Angkor, comments on the notice of\napproval to proceed with onshore Block VIII from the Ministry of Mines\nand Energy (“MME”). “We are very keen to get started on the\nProject.   Our goal is to prove commercial oil resources that lead to\nonshore oil and gas production.  Oil production could change Cambodia\nfor the better by having its own source of national energy. Multiple\nbenefits occur with such discoveries in the country, namely:\n \n\n\n\n a. energy independence – provides Cambodia with its\nown independent source of   energy;\n \n\n\n\n b. vocational education - it builds a national work\nforce and boosts employment in a new, long-term industry sector;\nand\n \n\n\n\n c.  economic catalysts for greater GDP (gross domestic\nproduct) - it leads to a wide variety of support industries from tank\ntrucks, drivers, steel fabrication, pipelines, refineries, legal,\nenvironment confinement, safety, etc.”\n \n\n\n\n Weeks continues, “Once we prove commercial quantity,\nthe country opens up to many possibilities.   In time, on a national\nlevel, oil production in the Kingdom has the potential to make\nCambodia, with a population of under 17 million people, an exporter of\noil instead of an importer of all its hydrocarbon-based energy\nproducts. “\n \n\n\n\n The timeline for activities will include immediate\ncommencement of the Environmental Impact Assessment followed by the\nacquisition of approximately 350-line kilometers of 2-D seismic in\nlate spring with detailed interpretation during the ensuing rainy\nseason. Following interpretation, decisions will be made to move\neither directly towards the drilling of the first exp...