Angkor Resources Corp. (TSXV: ANK | OTCQB: ANKOF) announced that Cambodia's Ministry of Environment has granted final approval for its wholly owned subsidiary, EnerCam Resources Co., Ltd., to drill exploratory wells across all four sub-basins of the Block VIII onshore oil and gas concession in southwest Cambodia. The approval covers the Kirirom, Bokor North, Bokor Central, and Bokor South sub-basins, clearing a significant regulatory milestone for what the company describes as the first privately financed onshore oil and gas drilling program in Cambodia. EnerCam now advances applications to the Ministry of Mines and Energy covering individual drilling components, including downhole logging and well operations tools.

Key Points

  • Angkor Resources Corp. (TSXV: ANK | OTCQB: ANKOF) through subsidiary EnerCam Resources Co., Ltd.
  • Cambodia's Ministry of Environment has granted final Environmental Impact Assessment approval for drilling on all four Block VIII sub-basins
  • Block VIII covers approximately 4,095 km² under a 30-year Production Sharing Contract; mobilising drilling equipment takes approximately three months once a contractor is engaged
  • Investors may be watching the Ministry of Mines and Energy application process and the drilling contractor tender outcome

Environmental Impact Assessment Clears Inter-Ministerial Review in Phnom Penh

EnerCam and its independent Cambodian consultant, Green Assessment Co., Ltd., presented the Environmental Impact Assessment and drilling permit through an inter-ministerial review at the Ministry of Environment in Phnom Penh on July 14, 2026. More than 26 representatives from five government ministries and three provinces attended the session. The approval encompasses all four sub-basins spread across Preah Sihanouk, Koh Kong, and Kampong Speu provinces, with EnerCam's president, Mike Weeks, describing the process as thorough and community-inclusive, and noting it sets a precedent for onshore drilling standards in Cambodia.

EnerCam's 4+1 Drill Program Targets Five Wells Across Block VIII

EnerCam has completed 350 line-kilometres of 2D seismic and identified drill targets across all four sub-basins. The company's 4+1 program contemplates one exploration well in each sub-basin, with the location of a fifth well to be determined based on results from the initial four. The program operates under a Production Sharing Contract with the Royal Government of Cambodia. The release states that Cambodia currently imports 100% of its hydrocarbon-based energy products, making a domestic discovery a stated national priority and potentially significant context for the program's strategic positioning.

Drilling Contractor Tender Process and Ministry of Mines and Energy Applications

EnerCam is advancing applications to the Ministry of Mines and Energy covering specific drilling components, including well logging and downhole tools. In parallel, the company has been conducting due diligence on several potential drilling contractors ahead of a formal tender. The release states the tender document exceeds 70 pages and must be reviewed and approved by the Ministry before publication. Once a drilling contractor is engaged, mobilising equipment to the sites takes approximately three months, according to the announcement. The immediate share price impact was not clear from available public information.