Angkor Resources Identifies First Drill Target in Cambodia Seismic Program

Angkor Resources Corp. has received preliminary data from the first basin of its seismic program on Block VIII in Cambodia, identifying what appears to be a substantial anticline structure named the South Bokor Lead. The structure shows approximately 48 square kilometers of closure and lies between 900-1500 meters from the surface, representing the first drill target identified from the seismic program according to company management. Keith Edwards, Technical Manager of EnerCam, stated that the preliminary view reveals a significant structure in the most southerly South Bokor Basin, with confirmation of internal structures expected upon completion of seismic processing and integrated geological and geophysical interpretation in November.

The South Bokor Lead results from interpretation of the first of four subbasins covered by the seismic program on Block VIII. This area was the first where seismic was shot in early August and the first data to be received. The remaining data from other seismic areas is expected in segments by the latter part of October, with interpretation continuing thereafter. The structure is based on 7 East-West lines and maps a major unconformity clearly visible on the seismic data. Layers above the mapped horizon are thought to be Cretaceous-Jurassic age while layers below are considered Lower Jurassic to Permian in age, based on analogs in the Khorat Plateau in Thailand.

Anticlines like the South Bokor Lead contribute to the majority of global oil and gas discoveries, though drilling is required to confirm the presence of impermeable rock layers necessary to trap hydrocarbons. The mission for EnerCam is to discover Cambodia's first commercial onshore oil and gas, as the country currently imports all its hydrocarbon-based energy products, spending several billion dollars annually according to data from https://oec.world/en/profile/country/khm. The seismic program employed 38 Khmer residents with 15 contractors from Thailand using EnviroSeis equipment across 24 lines covering three provinces.

Mike Weeks, President of EnerCam, emphasized that proving commercial oil and gas in Cambodia begins with seismic data providing sufficient information to determine drill targets. He expressed satisfaction with identifying the first subbasin as an anticline with four-way closure, calling it the foundation for building a robust program as interpretation advances across the completed seismic area. Weeks noted that drilling remains the only way to prove an oil and gas resource, and with no history of onshore drilling in Cambodia, the target determination process takes longer. The company expects that by year-end, scientific data will indicate whether a multi-hole exploratory drill program can be planned for next year.

Professional geologist Justin Snelling provided additional technical analysis, noting that preliminary views of seismic reflections across the top of the structure show mostly sub-parallel bedding with features suggesting a thick sealing mudstone band that could form an effective seal above the mapped surface. Reflections within the anticline appear discontinuous, structurally complex, and display higher amplitudes, potentially indicating significant reservoir rock development. Snelling cautioned that while these observations suggest fluids might be trapped within the closed structure, drilling and petrophysical data collection are necessary to determine rock composition and potential hydrocarbon content. Additional processing and interpretation continues across all 24 completed seismic lines as the company works toward confirming Cambodia's first commercial onshore energy resources.