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Cancambria Energy Corp Announces Upgraded Resource Evaluation to Include Kiskunhalas Concession Increasing the Contingent Resources to 1.1 Tcf Gas and 116.6 MMbbl Condensate
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - CanCambria Energy Corp. (TSXV...
About this update from Cancambria Energy Corp
[{"type":"text","content":"Cancambria Energy Corp Announces Upgraded Resource Evaluation to Include Kiskunhalas Concession Increasing the Contingent Resources to 1.1 Tcf Gas and 116.6 MMbbl CondensateVancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (\"CanCambria\" or the \"Company\") is pleased to announce the results of the Company's upgraded independent resource evaluation report for the Kiskunhalas tight-gas project in southern Hungary, dated September 30, 2025, and prepared by Chapman Hydrogen and Petroleum Engineering Ltd (\"CHPE\"). This report incorporates the additional land acquired by the Company through the award of the Kiskunhalas Exploration Concession Area (\"KCA\") in Q1 2025 (see April 1, 2025 press release).Key Highlights KCA includes an additional 2,000 acres of overall Contingent Resources (all classes), an increase of ~27% to the report area.Adds 480 acres and 12 wells to the Development Pending Contingent Resources Category.2C Contingent Resources \"Development Pending\" sub-class increases by 14% to 571.9 Bcf and 59.6 MMbbl (net risked recoverable).NPV10 increases by US$200 million to ~US$1.762 billion for 2C Development Pending sub-class, risked case.Contingent Resources overall increase to 1.1 Tcf natural gas and 116.6 MMbbl condensate.Dr. Paul Clarke, CEO & President, stated: \"We are very pleased with the additional resource capture and valuation attributed to the KCA. CanCambria's technical assessment of the field, driven by our robust technical dataset, demonstrates the extension of the play characterised in our previous report (see May 12, 2025 press release). The low-cost acquisition of the KCA is consistent with our business model and presents the opportunity for near-term drilling with wells in the KCA located approximately 1 km offset from our approved CC-Ba-E3 location. The scale of the project makes this a very attractive venture with the potential of developing a strategic long life gas field in the heart of Europe.\"The Company holds 100% working interest (\"WI\") and 98% net revenue interest (\"NRI\") across both the BA-IX mining license and Kiskunhalas Concession Area (\"KCA\") for unconventional resource production. The KCA adds 2,000 acres to the existing Contingent Resources area (all classes), an increase of approximately 27% ov...