Angkor Resources Corp. (TSXV: ANK | OTCQB: ANKOF) has announced that its Cambodian energy subsidiary, EnerCam Resources Co., Ltd., has submitted a comprehensive 89-page drilling contractor tender to Cambodia's Ministry of Mines and Energy for review. The tender outlines the full scope of work required to drill exploratory wells across four sub-basins on Block VIII, Cambodia's first privately financed onshore oil and gas program. Once approved by the Ministry, the tender will be made public so qualified drilling companies can submit bids. Investors may be watching the Ministry's review timeline closely, as EnerCam is targeting bid selection in early 2027.

Key Points

  • Angkor Resources Corp. (TSXV: ANK | OTCQB: ANKOF) announced the EnerCam drilling tender submission on November 4, 2026.
  • EnerCam submitted an 89-page drilling contractor tender to Cambodia's Ministry of Mines and Energy covering Block VIII exploration across four sub-basins.
  • The program targets up to 3,300 metres depth across five planned wells; each well is designed for a four-week flow test and 12-week pressure build-up period.
  • EnerCam is targeting drilling contractor bid selection in early 2027, with mobilisation taking approximately three months after selection.

EnerCam's Block VIII Tender Scope and Well Program Design

The tender covers the full drilling lifecycle for Block VIII, from rig mobilisation and equipment import into Cambodia through to completion and production testing. EnerCam plans one exploration well in each of the four sub-basins — South Bokor, Central Bokor, North Bokor, and Kirirom — with a fifth well to be located based on results from the first four. Wells will target a minimum of two potential pay zones at the three Bokor sub-basins, including fractured Permian carbonates below the Indosinian 1 unconformity. Each productive well bore is designed to be flow-tested for four weeks, followed by a 12-week pressure build-up to assess reservoir commerciality.

Contractor Due Diligence and Ministry Approval Process

EnerCam has already completed due diligence on multiple potential drilling contractors ahead of the public tender process. During 2026, the company made two visits to China to meet three potential drilling service providers and hosted site visits to Block VIII by two contractors to evaluate roads, bridges, and drill sites. The release states that drilling contractors are selected through a tendered bid first approved by the Ministry of Mines and Energy and then published in various media outlets. EnerCam's focus has been on each contractor's capacity to deliver rigs, crews, logging equipment, and testing services to international standards.

Environmental Compliance and Cambodia's Onshore Energy Precedent

The tender incorporates social, environmental, and governance requirements aligned with the Environmental Impact Assessment approved by Cambodia's Ministry of Environment on September 30, 2026. Requirements include protection of local communities, water and land management, handling of drilling fluids, and site restoration if a well is unproductive. EnerCam has completed 350 line-kilometres of 2D seismic and operates under a 30-year Production Sharing Contract covering approximately 4,095 km² in southwest Cambodia. The release states that as Cambodia imports 100% of its hydrocarbon-based energy products, the Block VIII program carries national energy significance.