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CanCambria Energy Corp
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CanCambria Energy Reports Kiskunhalas Well Preparations and Submits Exploration Plan
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Announcement Summary
CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) provided an operational update and submitted a TOP for Kiskunhalas.
- The CC-Ba-E-2 well is permitted and approved, with drilling anticipated in H2 2026.
- Olvisz98 installed and cemented 20-inch conductor pipe to a setting depth of 72 m, starting well construction.
- Tenaris Silcotub tubulars have a US$100,000 deposit; delivery is anticipated on or before June 30, 2026.
- The Company expects to commence recommissioning the 4-inch pipeline connection at Zsana in early Q1 2026.
- The submitted TOP covers the 945.9 km² (233,737 acres) Kiskunhalas Concession Area (KCA) and 2026-2029 exploration program.
- Company says 2027 3D seismic over 213 km2 will inform selection of minimum two deep well locations for potential 2029 drilling.
A second prospective resource assessment is contingent on planned 3D seismic results. The Company is seeking a strategic partner to explore and underwrite funding of a portion of the KCA work program.
Investor FAQs
CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) says the CC-Ba-E-2 well is permitted and approved, and is anticipated to be drilled in H2 2026. Olvisz98, a Hungarian approved service company and strategic partner, has installed and cemented the 20-inch conductor pipe to a setting depth of 72 m. This operation is described as the official start of well construction.
The Company has signed a purchase order with Tenaris Silcotub (Romania) for tubulars and drill casing for the CC-Ba-E-2 well, with delivery anticipated on or before June 30, 2026. A deposit of US$100,000 has been paid, described as approximately 7% of the total invoice, and fabrication is anticipated to commence in early 2026. The Company also expects to commence recommissioning the existing 4-inch natural gas pipeline connection to the gas storage facility at Zsana, operated by MVM Gas Storage Ltd., in early Q1 2026. The source also refers to pipeline preparedness activities intended to ensure take-away capacity for the first well.
CanCambria says it has submitted the Technical Operating Plan for the 945.9 km² (233,737 acres) Kiskunhalas Concession Area. The plan covers the Company's 2026-2029 exploration programme, including geological and geophysical studies throughout 2026 to integrate historical well and production data with the 2011-vintage 400 km² Kiha 3D seismic survey and over 3,000-line km of 2D seismic of various vintages.
The Technical Operating Plan includes a 3D seismic acquisition and processing programme in 2027 covering the Soltvadkert Trough, stated as over 213 km2. The source describes the area as a largely underexplored Miocene basin considered prospective for tight gas and accommodating several small legacy oil fields. Based on the results of the 3D seismic campaign, a minimum of two deep well locations will be selected for potential drilling in 2029.
The Company says it has integrated the Kiskunhalas extension area into the existing tight-gas fairway in the Kiskunhalas Trough, adding 2,000 acres and 12 well locations to the field development plan. Two additional prospective resource assessment studies are in the planning stage. One would evaluate the conventional oil-prone section at a shallow depth above 2,000 m, including up to 15 prospects. The second would be contingent on the results of the planned 3D seismic targeting the deep tight-gas fairway in the Soltvadkert Trough.
The Company says it is presently seeking a strategic partner to explore and underwrite funding of a portion of the Kiskunhalas Concession Area work programme. The opportunities in the region are marketed as part of the Raiffeisen Bank International AG process previously announced on October 16, 2025. The source does not state that a strategic partner or funding arrangement has been secured.
The drilling, exploration and infrastructure activities described include anticipated, expected, planned or potential actions rather than completed outcomes. The Company states that its forward-looking information is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond its control, and that it should not be read as a guarantee of future performance or results. The source does not provide a detailed list of project-specific risks or state the anticipated resource size, inventory or risk profile.
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