Angkor Resources Identifies Fourth Drilling Target in Cambodian Oil and Gas License

By Burstable Editorial Team

TL;DR

Angkor Resources identifies Mussel Basin as a fourth drilling target offering shallower drilling and higher reservoir porosity potential for competitive advantage in oil and gas exploration.

Angkor Resources processed 350-line km seismic data to identify Mussel Basin as a rift fault bounded basin with stratigraphic traps for prioritized drilling targets in December.

Angkor Resources' exploration advances Cambodia's energy independence while their Canadian operations implement gas capture to reduce emissions for cleaner energy solutions.

Seismic data reveals Mussel Basin is structurally unique from other targets, formed within the last 66 million years with potential for porous channel sand reservoirs.

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Angkor Resources Identifies Fourth Drilling Target in Cambodian Oil and Gas License

Angkor Resources Corp. has confirmed Mussel Basin as a fourth target for exploratory drilling on its Block VIII oil and gas license in Cambodia, based on preliminary processed data from a recent seismic program. The company's geophysical team, EnerCam, identified the target after processing data from a 350-line kilometre 2D seismic survey completed in September. This discovery adds to three previously identified closed anticline structures in South Bokor, Central Bokor, and North Bokor on the western half of the license.

The seismic data indicates Mussel Basin is a rift fault bounded basin, likely of Cenozoic age, making it structurally different from the other three sub-basins. This structural variation suggests different potential prospect types for hydrocarbon accumulation. Keith Edwards, Geophysicist for EnerCam, noted the basin offers two key advantages: drilling targets will be shallower, and reservoir porosity may be higher due to less compaction. The team is currently reviewing data for stratigraphic traps, such as reservoirs that pinch out against sealing rock or porous channel sand encased in impermeable shale.

The company anticipates completing full seismic interpretation in December, which will prioritize drill targets. Meanwhile, reprocessing of specific data areas continues to remove 'noise' for better resolution. Cleaner data helps verify what the seismic data reveals about unconformities and more clearly defines drilling targets. The initial seismic data showed clear, large four-way closures on South Bokor and Central Bokor, with all three western sub-basins containing anticline structures.

Angkor's Cambodian energy subsidiary, EnerCam Resources, holds the onshore Block VIII license covering approximately 4,095 square kilometers in southwest Cambodia. The company is actively advancing oil and gas exploration activities with the mission to establish Cambodia as an oil and gas producing nation. For more information about the company's activities, visit https://angkorresources.com. Additional details about this announcement can be found at https://www.newmediawire.com.

Curated from NewMediaWire

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Burstable Editorial Team

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