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CanCambria Energy Corp Receives Approval of Technical Operating Plan for First Two Appraisal Wells

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CanCambria Energy (OTCQB:CCEYF) has received approval from Hungary's Supervisory Authority for Regulatory Affairs (SZTFH) for its Technical Operating Plan (TOP) for two appraisal wells within the Ba-IX Mining License. The approved plan covers the drilling and completion of the CC-Ba-É-2 and CC-Ba-É-3 wells.

The wells are designed to test multiple intervals across more than 1,000 meters of gross gas-charged reservoir section. The data collected will help evaluate production potential, reservoir performance, and refine resource estimates for potential future development of the Ba-IX field.

CanCambria Energy (OTCQB:CCEYF) ha ottenuto l'approvazione dall'Autorità di Vigilanza per gli Affari Regolatori d'Ungheria (SZTFH) per il suo Piano Operativo Tecnico (TOP) relativo a due pozzi di valutazione nell'ambito della concessione mineraria Ba-IX. Il piano approvato copre la perforazione e la completazione dei pozzi CC-Ba-É-2 e CC-Ba-É-3.

I pozzi sono progettati per testare più intervalli su oltre 1.000 metri di sezione di giacimento lorda con presenza di gas. I dati raccolti aiuteranno a valutare il potenziale produttivo, le prestazioni del giacimento e a perfezionare le stime delle risorse per un possibile sviluppo futuro del giacimento Ba-IX.

CanCambria Energy (OTCQB:CCEYF) ha recibido la aprobación de la Autoridad Supervisora de Asuntos Regulatorios de Hungría (SZTFH) para su Plan Operativo Técnico (TOP) relativo a dos pozos de evaluación dentro de la concesión minera Ba-IX. El plan aprobado incluye la perforación y la terminación de los pozos CC-Ba-É-2 y CC-Ba-É-3.

Los pozos están diseñados para probar múltiples intervalos a lo largo de más de 1.000 metros de sección neta de yacimiento cargada de gas. Los datos recogidos permitirán evaluar el potencial de producción, el comportamiento del yacimiento y refinar las estimaciones de recursos para un posible desarrollo futuro del campo Ba-IX.

CanCambria Energy (OTCQB:CCEYF)� 헝가� 규제사무감독�(SZTFH)으로부� Ba-IX 채굴 라이선스 안의 � � 평가�(어프레이� �)� 대� 기술운영계획(Technical Operating Plan, TOP) 승인� 받았습니�. 승인� 계획은 CC-Ba-É-2 � CC-Ba-É-3 �� 시추 � 완공� 포함합니�.

해당 정들은 � 1,000미터가 넘는 가� 축적 저류층 구간� 걸쳐 여러 간격� 시험하도� 설계되었습니�. 수집� 데이터는 생산 잠재력과 저류층 성능� 평가하고 Ba-IX 유전� 향후 개발 가능성� 위한 자원 추정치를 정교화하� � 도움� � 것입니다.

CanCambria Energy (OTCQB:CCEYF) a obtenu l'approbation de l'Autorité de Surveillance des Affaires Réglementaires de Hongrie (SZTFH) pour son Plan d'Exploitation Technique (TOP) concernant deux puits d'évaluation dans le permis minier Ba-IX. Le plan approuvé couvre le forage et l'achèvement des puits CC-Ba-É-2 et CC-Ba-É-3.

Les puits sont conçus pour tester plusieurs intervalles sur plus de 1 000 mètres de section brute de réservoir chargée en gaz. Les données recueillies permettront d'évaluer le potentiel de production, les performances du réservoir et d'affiner les estimations de ressources en vue d'un éventuel développement futur du gisement Ba-IX.

CanCambria Energy (OTCQB:CCEYF) hat von der ungarischen Aufsichtsbehörde für Regulierungsangelegenheiten (SZTFH) die Genehmigung für seinen Technischen Betriebsplan (TOP) für zwei Erkundungsbohrungen innerhalb der Bergbaulizenz Ba-IX erhalten. Der genehmigte Plan umfasst die Bohrung und Fertigstellung der CC-Ba-É-2 und CC-Ba-É-3.

Die Bohrungen sind darauf ausgelegt, mehrere Intervallschichten über mehr als 1.000 Meter Brutto-Gasführungsbereich zu testen. Die gewonnenen Daten sollen das Produktionspotenzial und das Verhalten des Reservoirs bewerten und die Ressourcenschätzungen für eine mögliche zukünftige Entwicklung des Feldes Ba-IX verfeinern.

Positive
  • Received full regulatory approval for drilling and completion of two appraisal wells
  • Wells will test over 1,000 meters of gas-charged reservoir section
  • Project advances towards potential commercialization
Negative
  • Project still in appraisal phase with no immediate revenue generation
  • Production potential and resource estimates yet to be confirmed

Vancouver, British Columbia--(Newsfile Corp. - September 8, 2025) - 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:

Paul Clarke PhD
CEO & President
[email protected]

Chris Beltgens
VP, Corporate Development
[email protected]
Investor Relations - North America
KIN Communications Inc.
604-684-6730
[email protected]

Email: [email protected]
Website:

 

CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Offering, Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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FAQ

What regulatory approval did CanCambria Energy (CCEYF) receive in Hungary?

CanCambria received approval from Hungary's SZTFH for its Technical Operating Plan (TOP) for drilling and completing the CC-Ba-É-2 and CC-Ba-É-3 wells within the Ba-IX Mining License.

What is the purpose of CanCambria's new wells in Hungary?

The wells will test multiple intervals across over 1,000 meters of gas-charged reservoir section to evaluate production potential, reservoir performance, and refine resource estimates.

How many appraisal wells did CanCambria (CCEYF) get approval for in Hungary?

CanCambria received approval for two appraisal wells, specifically the CC-Ba-É-2 and CC-Ba-É-3 wells.

What is the significance of the Technical Operating Plan approval for CanCambria?

The TOP approval is a key milestone that provides all required permits and authorizations to proceed with drilling and completion, advancing the Ba-IX field towards potential commercialization.
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