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 on July 14, 2026, in Phnom Penh, bringing together representatives from five government ministries and three provinces to discuss the Environmental Impact Assessment (EIA) for the drilling program.
The meeting, held at the Ministry of Environment, 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 independent Cambodian EIA consultant, presented its findings alongside EnerCam. The EIA covers four sub-basins containing drill targets for the planned four-well exploration program, which would be Cambodia's first privately financed onshore oil and gas wells. Prior to the meeting, officials from the General Department of Petroleum and the Ministry of Environment visited each planned drill site with local landowners and authorities.
Mike Weeks, President of EnerCam, commented: "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."
The discussion drew on Green Assessment's 398-page EIA report, which addressed key topics including how drilling fluid and water are sourced, used, stored, and cleaned using steel tanks and pits with impermeable liners to protect soil and groundwater; safety measures before, during, and after drilling drawing on experienced personnel and internationally recognized well-control standards (IWCF and API); post-drilling procedures involving local communities and either connecting productive wells via buried pipeline to a central facility or fully restoring non-productive sites; and initiatives to expand ESG practices to benefit communities and protect land, water, and air quality.
Further written responses to questions will be compiled by Green Assessment over the coming weeks toward the final submission report for the ministries to complete the review process. Following completion of the report, EnerCam will move to publish its tender for the drilling contractor to complete the planned exploration wells.
This advancement is significant as it moves Cambodia closer to potentially proving its own oil and gas resources. Angkor Resources, through its energy subsidiary EnerCam, is actively advancing onshore oil and gas exploration activities. The company completed 2D-seismic in 2025 and has identified multiple drill targets with multiple target zones. The Block VIII license, originally 7,300 km², was reduced to approximately 4,095 km² after voluntary removal of parks and protected areas and subsequent government adjustments.
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 with multiple prospects in copper and gold. The company's energy subsidiary, EnerCam, is working under a Production Sharing Contract to drill Cambodia's first privately financed onshore exploratory oil and gas wells.
