Archaeological Organization Focused on Angkor Temple Site Exploration and Development
Angkor Resources Corp., a Canadian mineral explorer, is making significant strides in Cambodia's growing oil and gas sector. The company, through its subsidiary EnerCam Resources, holds the onshore Block VIII license, spanning 3,729 square kilometers in southwestern Cambodia.
Block VIII, Cambodia's first onshore oil and gas exploration effort led by Angkor Resources, is a key project for the company. Angkor Resources is currently pursuing an expansion of the Block VIII boundary, indicative of its commitment to growing opportunities in this region.
The Block VIII project forms part of Angkor Resources' broader mission to develop energy resources while advancing cleaner, sustainable solutions in the region. The company has demonstrated a commitment to optimising resource development in Cambodia, alongside its activities in Canada, which include technological advances and carbon capture initiatives.
Angkor Resources' involvement in Cambodia's oil and gas sector is not limited to Block VIII. The company has also been granted an oil and gas license for a 7,300-square-kilometer inland basin. Since 2009, the company has been actively exploring its extensive holdings in Cambodia.
In the realm of mineral exploration, Angkor Resources Corp. has more than 30 prospects across five licenses covering a 983-square-kilometer land package. Mapping and drilling completed to date show evidence of gold, copper, silver, molybdenum, and other minerals across all five licenses.
One of Angkor Resources' notable mineral projects is the Phum Syarung gold project, which is now permitted and has entered an advanced stage of mining infrastructure construction. The company has a sliding scale two percent to 7.5 percent net smelter return (NSR) with Mesco Gold (Cambodia) Co. Ltd. on this project.
Angkor Resources' deals in Cambodia include several multi-year earn-in exploration funding agreements with major international companies like JOGMEC, Emerald Resources NL, and Hommy 5 Resources Inc. The company has entered into over 10 deals on its properties with a total value of over US$23 million.
In summary, Angkor Resources is a key player in developing Cambodia’s nascent oil and gas sector, with significant onshore exploration opportunities in southeastern Cambodia through Block VIII. The company's commitment to sustainable resource development and its extensive holdings in mineral exploration make it a significant player in Cambodia's resource sector as a whole.
Angkor Resources is expanding Block VIII's boundary, demonstrating a commitment to growing opportunities not only in the oil-and-gas industry but also in renewable energy, as part of its broader mission to develop cleaner, sustainable energy solutions. The company's involvement in the financing of renewable energy projects could potentially diversify its portfolio beyond traditional fossil fuels.
Leveraging its success in Cambodia's oil-and-gas sector, Angkor Resources has the potential to bridge the gap between the traditional oil-and-gas industry and the renewable-energy sector, bringing finance and expertise to both industries and fostering a more sustainable energy mix in the region.
