Angkor Gold Corp. (TSXV: ANK and OTC: ANKOF) (“Angkor” or “the Company”) CEO Stephen Burega is pleased to announce that it has received a report identifying a number of well-distributed oil seeps within and around the mapped Tertiary rift basins of Angkor’s new Block VIII oil and gas license.
“We are very pleased to have this data locating and testing seeps on our new oil and gas license,” said Angkor CEO Stephen Burega. “The testing results from Schlumberger on the oil seeps confirm surface hydrocarbons. With the large amount of work and data compiled on Angkor’s 7,300 km2 Block VIII, we have multiple targets. This allows us to greatly speed up our initial exploration and allows us to focus on already identified areas of interest.”
The report, authored by John C. Menzies, BSc., FSEG, FGSL, FAIG of Cmi Capital Limited (“Cmi”), identifies and documents 21 separate surface oil seeps and occurrences. Two of these seeps were sampled using industry standard techniques and the samples were submitted to Schlumberger Limited, Dubai for gas chromatography–mass spectrometry (GC-MS) and biomarker analysis and interpretation. Results from Schlumberger showed that samples contained hydrocarbons of thermogenic origin (i.e. liquid hydrocarbon as generated at depth from mature source rocks that had migrated to surface).