Angkor Gold Corp Pursuing Oil and Gas Opportunities In Cambodia

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Angkor Gold Corp Pursuing Oil and Gas Opportunities In Cambodia

Post by CEOCambodiaNews » Sat Feb 09, 2019 8:25 am

Angkor Pursuing Oil and Gas Opportunities In Cambodia
InvestorIntel | February 06, 2019 | No Comments

February 6, 2019 (Source) — Angkor Gold Corp. (TSXV: ANK and OTC: ANKOF) (“Angkor” or “the Company”) CEO Stephen Burega is pleased to announce that Angkor is actively pursuing oil and gas opportunities in Cambodia in addition to its ongoing mineral exploration projects.

“Angkor is currently in discussions with Cambodia’s oil and gas authorities regarding pursuing oil and gas concessions and available licenses,” reported Angkor CEO Stephen Burega. “We have been looking at the potential of oil and gas in Cambodia for the last 5 years.”

Cambodia has traditionally been viewed primarily as a country with mining and mineral resource opportunities, 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.

“The sedimentary basins inland in Cambodia have never been systematically explored,” said Angkor Executive Chairman Mike Weeks, “partially because of previous historical regional instability and a poor understanding of local geology as it relates to hydrocarbons. We see the potential for petroleum accumulations 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 recognized oil and gas exploration expert Dr. Lorne Rosenthal, who has worked in oil and gas exploration in the Western Canadian Sedimentary Basin for over 40 years.

Lorne Rosenthal has a PhD in geology from the University of Manitoba. He worked in a number of different staff and consultant positions, including Well Site Geologist, Exploration Geologist, Area Manager, Senior Research Scientist, VP Exploration, and finally President and CEO. He has been either employed or retained under contract by many oil companies in Calgary including Unocal, Sceptre, Murphy, Chevron, PanCanadian, and PetroCanada.

“I have been reviewing all available data and the geological setting 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.” ... -cambodia/
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Re: Angkor Gold Corp Pursuing Oil and Gas Opportunities In Cambodia

Post by Felgerkarb » Sat Feb 09, 2019 8:37 am

More grist for the mill. Big oil was crushed by the business. Enjoy.
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