EDITOR: | March 22nd, 2019

Angkor Gold’s Burega on diversifying into oil and gas in Cambodia

| March 22, 2019 | No Comments
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“We are going to continue with the hardrock side, but we have decided that we are going to move into oil and gas as well in Cambodia. We are in the process of finalizing our first application with the Cambodian government for an onshore oil block. That is going to run in parallel with our hardrock assets. We still have approximately 1,000 square kms on five licenses four of which are in partnership currently. Our model of a project generator continues, its just that we are expanding in the oil and gas side as well because we see great potential there.” States Stephen Burega, CEO of Angkor Gold Corp. (TSXV: ANK), in an interview with InvestorIntel’s Tracy Weslosky.

Tracy Weslosky: I understand that you are kind of changing the direction for Angkor. Can you tell us a bit more about that?

Stephen Burega: More so adding to directions for Angkor. We are going to continue with the hardrock side, but we have decided that we are going to move into oil and gas as well in Cambodia. We are in the process of finalizing our first application with the Cambodian government for an onshore oil block. That is going to run in parallel with our hardrock assets. We still have approximately 1,000 square kms on five licenses four of which are in partnership currently. Our model of a project generator continues, its just that we are expanding in the oil and gas side as well because we see great potential there.

Tracy Weslosky: Can you tell us a little bit more about Cambodia because not all of us understand the opportunity that is there right now.

Stephen Burega: Cambodia’s advantage is the fact that there are operations both on hardrock and oil and gas on all sides of the country. In Thailand, Laos as well as in Vietnam we see production in hardrock side, large scale base metal operations, precious metals as well as offshore and onshore gas production. When we arrived in Cambodia ten years ago none of that potentials were identified and we are looking at taking advantage. As the first mover in the country we are moving towards bringing now onshore oil potential into our shareholder base…to access the complete interview, click here

Disclaimer: Angkor Gold Corp. is an advertorial member of InvestorIntel Corp.


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