Angkor Resources Corp (OTCMKTS:ANKOF) (ANK.V) Issues Update On Gas Capture Project

Angkor Resources Corp (OTCMKTS:ANKOF) (ANK.V) is listed on the TSX Venture Exchange and is a major player in the resource-optimizing space in Cambodia. The company is involved in working on energy and mineral solutions across the nation. At this point, Angkor Resources holds three mineral exploration licenses in Cambodia.

Angkor’s Gas Capture Project is Producing 500,000 Cubic Feet/Day and Creating Monthly Revenue

Last year, EnerCam Resources, its subsidiary unit had been awarded an onshore oil and gas license for 7300 kilometers in the Southwest quadrant of the country. On June 8, the company announced that its natural gas and carbon capture project operation had continued to generate monthly revenues. At the end of May 2023, the production volumes had been higher than 500,000 cubic feet a day at Evesham in Saskatchewan.

The project in question had been undertaken by the company’s subsidiary unit EnerCam Exploration Ltd. Eyehill Creek Exploration Ltd, which are operators based out of Saskatchewan, had been the partner in the project. It was also noted at the time that the project could also be expanded to add more production wells after agreements and pipelines had been confirmed. That would enable the company to have collective capture of gas from multiple locations.