Angkor Resources Corp. (TSXV: ANK) announced that its wholly owned Cambodian energy subsidiary, EnerCam Resources Co., Ltd., has advanced to an inter-ministerial review of its planned oil and gas exploration drilling program on Block VIII in Cambodia. A meeting was held July 14, 2026, in Phnom Penh with representatives from five government ministries and three provinces to review the Environmental Impact Assessment (EIA) for the program.
The meeting included more than 26 representatives from the Ministry of Environment, Ministry of Mines and Energy, Ministry of Economy and Finance, Ministry of Interior, and Ministry of Rural Development. Green Assessment Co., Ltd., the Cambodian independent EIA consultant, presented its findings alongside EnerCam. The EIA covers the four sub-basins that host the drill targets for EnerCam's planned four-well exploration program, which would be Cambodia's first privately financed onshore oil and gas wells.
Mike Weeks, President of EnerCam, stated: “This meeting reflects the thorough, transparent process behind the drilling program. The EIA lays out exactly how we will source and manage water and drilling fluid, keep each site safe, and restore the land if a well is not productive - all to international standards, and all done in partnership with the Ministries and the communities where we operate.”
Key topics covered in the EIA and inter-ministerial meeting included how drilling fluid and water are sourced, used, stored, and cleaned throughout the process, using steel tanks and pits with impermeable liners to protect soil and groundwater; safety measures before, during, and after drilling, drawing on the Company’s experienced personnel and internationally recognized well-control standards (IWCF and API); post-drilling procedures involving local communities at each stage, including connecting producing wells via buried pipeline to a central facility or fully restoring non-productive land to its original condition; and initiatives to expand ESG practices to benefit communities and protect land, water, and air quality.
Ahead of the meeting, officials from the General Department of Petroleum and the Ministry of Environment visited each planned drill site with local landowners and authorities. Further written responses to questions will be compiled by Green Assessment over the coming weeks towards the final submission report for the Ministries to complete this process. Following completion of the report, EnerCam will move to publish its tender for the drilling contractor to complete the planned exploration wells.
Angkor Resources Corp. is a public company listed on the TSX-Venture Exchange and is a leading resource explorer and developer in Cambodia. Its mineral subsidiary, Angkor Gold Corp. Co., Ltd., holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold. The Company's energy subsidiary, EnerCam Resources Co., Ltd., was granted an onshore oil and gas license in Block VIII, covering approximately 4,095 km². EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as a nation with its own oil and gas resources. The Company completed 2D-seismic in 2025 and has identified multiple drill targets with multiple target zones.
This inter-ministerial review is a significant milestone for Angkor Resources as it progresses toward drilling Cambodia's first privately financed onshore exploratory oil and gas wells under a Production Sharing Contract. The outcome of the EIA review will determine the next steps in the drilling program.
