Angkor Gold ( (TSE:ANK) ) has issued an announcement.
Angkor Resources Corp.’s subsidiary, EnerCam Exploration Ltd., has entered into a strategic alliance with 358140 Alberta Ltd. and EnerCam Resources Co. Ltd. Cambodia to finance and develop Cambodia’s Block VIII onshore oil and gas project. Under the agreement, 358 will fund the project entirely, while EnerCam will operate it, maintaining a 20% interest. The project aims to advance Cambodia’s energy production capabilities using advanced and environmentally friendly technologies, with a phased development plan estimated to cost up to $30 million USD.
More about Angkor Gold
Angkor Resources Corp. operates in the energy sector, focusing on oil and gas exploration and production. The company is involved in developing energy projects, particularly in Cambodia, through its subsidiary EnerCam Exploration Ltd.
YTD Price Performance: 25.00%
Average Trading Volume: 62,544
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$23.06M
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