ANGKOR RESOURCES CORP. (“ANGKOR” OR “THE COMPANY”) announces Mussel Basin as a fourth target for exploratory drilling based on data processing of the seismic program.
After identifying three significant closed anticline structures in South Bokor, Central Bokor, and North Bokor on the west half of Block VIII, EnerCam’s team has received preliminary processed data on the northeast target of Mussel Basin. The seismic data supports our expectation that Mussel Basin is a rift fault bounded basin, probably of Cenozoic age (within the last 66 million years). As such, the basin is significantly different structurally than the South, Central and North Bokor basins, and so are the potential prospect types.
Keith Edwards, Geophysicist for EnerCam, comments on the Mussel Basin, “The advantage of the Mussel Basin is two-fold: First, the drilling targets will be shallower. Second, the reservoir porosity may be higher owed to less compaction. We are reviewing the data for stratigraphic traps, for example, reservoirs that pinches out against a sealing rock or porous channel sand encased in impermeable shale.”
The Company anticipates a full seismic interpretation in December with drill targets prioritized. In the meantime, reprocessing of specific areas of data for removal of ‘noise’ for better resolution continues. Cleaner data helps verify what the seismic data tells the team regarding the unconformities they see and more clearly define targets for drilling.
The company undertook a 350-line kilometre 2D seismic program over Block VIII, completing the program at the end of September. Processing and interpretation of the seismic data has been ongoing since then. The initial data identified that clear, large four-way closures were evident on South Bokor and Central Bokor and all three sub-basins on the west side of Block VIII had anticline structures.