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CanCambria Announces Upgraded Kiskunhalas Resource Evaluation Including KCA

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Announcement Summary

CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) announced an upgraded independent resource evaluation for the Kiskunhalas tight-gas project.

  • The September 30, 2025 report was prepared by Chapman Hydrogen and Petroleum Engineering Ltd and incorporates the Kiskunhalas Exploration Concession Area (KCA).
  • KCA adds 2,000 acres overall, 480 acres to Development Pending resources, and 12 wells.
  • 2C Development Pending resources are 571.9 Bcf natural gas and 59.6 MMbbl condensate/natural gas liquids, net risked at 80%.
  • CHPE reports NPV10 of US$1.762 billion before tax, assuming a January 1, 2025 price forecast.
  • Overall Contingent Resources are 1.1 Tcf natural gas and 116.6 MMbbl condensate.

The NPV10 is discounted at 10% and risked at 80% chance of development. Further appraisal is required for 544.5 Bcf and 57 MMbbl in Development Unclarified resources, excluded from the valuation. The complete resource evaluation can be downloaded from SEDAR+.

Investor FAQs

CanCambria Energy Corp announced the results of an upgraded independent resource evaluation report for the Kiskunhalas tight-gas project in southern Hungary. The report was dated September 30, 2025, prepared by Chapman Hydrogen and Petroleum Engineering Ltd, and incorporated additional land acquired through the award of the Kiskunhalas Exploration Concession Area in Q1 2025. The issuer is identified as CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF).
The combined Contingent Resources across all classes were reported as 1.1 Tcf of natural gas and 116.6 MMbbl of condensate. For the 2C Development Pending sub-class, the CHPE best estimate was 571.9 Bcf of natural gas and 59.6 MMbbl of condensate/natural gas liquids net to the company, risked at 80%. These are Contingent Resources rather than stated production volumes.
The Kiskunhalas Concession Area includes an additional 2,000 acres of overall Contingent Resources, described as an increase of approximately 27% to the report area. It adds 480 acres and 12 wells to the Development Pending Contingent Resources Category. The 2C Development Pending sub-class increased by 14% to 571.9 Bcf and 59.6 MMbbl, while the report states that the updated Development Pending area added 480 net acres, an increase of approximately 10% over the BA-IX Area.
The report stated that the 2C Development Pending sub-class had an NPV10 of US$1.762 billion before tax, risked at 80% chance of development, assuming a price forecast of January 1, 2025. The report also stated a rate of return of over 50% and that the Kiskunhalas Concession Area added an incremental US$ 200 million NPV10 risked valuation. The source does not provide further detail on the price forecast in this announcement.
The Kiskunhalas Concession Area includes 12 wells, spaced at 40 acres, which were added to the Kiskunhalas tight-gas field development plan. CanCambria's development plan now comprises a total of 112 wells, with two phases each comprising 56 wells. The source states that the 12 wells are located approximately 1 km offset from the approved CC-Ba-E3 location.
No. The 2C Contingent Resources Development Unclarified sub-class increased by 45% to 544.5 Bcf and 57 MMbbl. The source states that further appraisal is required to capture these resources and that they are not incorporated in the valuation presented above. The source describes them as representing further upside to the development plan, but does not provide a valuation for them.
The resource estimates are described as risked, including risk at 80% for the 2C Development Pending volumes and an 80% chance of development for the stated NPV10. The Development Unclarified resources require further appraisal and are excluded from the valuation. The company also states that forward-looking information is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, and should not be read as guarantees of future performance or results. The source does not provide a fuller assessment of the risks in this announcement.

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