Angkor Gold (TSE:ANK) has released an update.
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Angkor Resources Corp has received approval from the Saskatchewan Ministry of Energy and Resources for enhanced oil recovery at the Macklin Sparky field, allowing for water injection to potentially double oil recovery over time. The company and its subsidiary, EnerCam, will fund 40% of the capital and operating costs for this project, which is expected to boost production and financial performance in the coming months. Angkor Resources is known for its commitment to cleaner energy solutions and resource optimization in Canada and Cambodia.
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