The Asia Miner

APR-JUN 2019

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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the asia miner • volume 16 • issue 2 16 REGIONAL FOCUS: SE Asia & Indonesia The North-American minerals company, Angkor Gold is acঞvely pursuing oil and gas opportuniঞes in Cambodia in addiঞon to its ongoing mineral exploraঞon projects. Cambodia has tradiঞonally been viewed primarily as a country with mining and mineral resource opportuniঞes, however, sizeable oil and gas reserves have been developed on three sides of the country: in the Gulf of Thailand to the west, the Khorat Plateau of Thailand to the north and in the Vietnamese Cuu Long Basin of the South China Sea to the south. Angkor Gold's Chief Execuঞve Officer, Stephen Burega, has stated that the company was currently in discussions with Cambodia's oil and gas authoriঞes regarding pursuing oil and gas concessions and available licenses "We have been looking at the potenঞal of oil and gas in Cambodia for the last 5 years," said Mr Burega. "The sedimentary basins inland in Cambodia have never been systemaঞcally explored," said Angkor Execuঞve Chairman Mike Weeks, "parঞally because of previous historical regional instability and a poor understanding of local geology as it relates to hydrocarbons. We see the potenঞal for petroleum accumulaঞons in Cambodia indicated by onshore natural oil seepages, the presence of sedimentary rocks and geological structures that may trap and hold oil and gas, and the similarity of geology of areas adjacent to Cambodia where oil and gas has been found and is being produced." To assist in this expansion of Angkor's resource focus, Angkor will be working with recognised oil and gas exploraঞon expert Dr Lorne Rosenthal, who has worked in oil and gas exploraঞon in the Western Canadian Sedimentary Basin for over 40 years. "I have been reviewing all available data and the geological seমng for several years," said Rosenthal, "I would say that parts of Cambodia have similar geology to some of the world's important oil-bearing basins." Angkor conঞnues to explore and develop its five exploraঞon licenses in the Kingdom of Cambodia that cover approximately 983 km 2 , with the support of the Cambodian government, local communiঞes and earn-in exploraঞon funding partners such as Japan's JOGMEC, Australia's Emerald Resources NL and Canada's Hommy 5 Resources Inc. "We are very excited about the possibility of adding oil and gas prospects to Angkor's porolio of exploraঞon properঞes," said Mr Burega. "Cambodia conঞnues to offer excepঞonal opportuniঞes as an underexplored region and Angkor is well-placed to lead the way in new discoveries." Angkor pursues oil and gas opportunities in Cambodia Angkor Gold eyes off gas and oil in Cambodia

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