CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce that the Supervisory Authority for Regulatory Affairs of Hungary (SZTFH) has approved the Technical Operating Plan (“TOP” or “MÜT” in Hungarian) for the drilling and completion of the planned CC-Ba-É-2 and CC-Ba-É-3 wells within the Company’s Ba-IX Mining License.
This regulatory approval secures all required permits and authorizations to proceed with the drilling and completion of the initial two appraisal wells. This is an important step towards advancing the project to potential commercialization.
Dr. Paul Clarke, President and CEO, stated: “Approval of the Technical Operating Plan for the first two appraisal wells is a key milestone in advancing the Ba-IX field towards potential commercialization. With regulatory clearances in place, we are now clear to proceed with drilling and completion, gathering critical data that will guide our development plan and support growth across our Hungarian project
The CC-Ba-É-2 and CC-Ba-É-3 wells are designed to test multiple intervals across more than 1,000 meters of gross gas-charged reservoir section. Data gathered is expected to provide insights into production potential and reservoir performance, refine resource estimates, and support ongoing evaluation of the Ba-IX Mining License for potential future development.
About CanCambria Energy Corp.
CanCambria Energy Corp. is a Canadian exploration and production company specializing in tight gas development. With a globally experienced leadership team, CanCambria focuses on high-quality, de-risked projects with direct access to profitable markets. Leveraging industries’ most advanced technologies they aim to commercialize their flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, a significant gas-condensate resource in the heart of Europe.
For additional inquiries, please reach out to:
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Paul Clarke PhD CEO & President
Chris Beltgens VP, Corporate Development |
Investor Relations – North America KIN Communications Inc. 604-684-6730
Email: info@CanCambria.com Website: www.CanCambria.com
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