CanCambria Energy has successfully remitted the concession fee for the Kiskunhalas Concession Area (the “KCA”) to the Hungarian Ministry of Energy. With this payment completed, CanCambria has fulfilled all its financial obligations to secure the 945.9 km² KCA. At a price equivalent to less than USD$10 per net acre, this concession agreement represents an attractive, low-cost, highly accretive transaction aligned with the Company’s stated business model. The Company’s flagship Kiskunhalas Trough asset extends southwest into a significant portion of the KCA. CanCambria will now incorporate a wholly owned Hungarian subsidiary, CanCambria Kiskunhalas Koncessziós Ltd., to manage, plan, and execute the exploration and appraisal work program in the KCA.

Dr. Paul Clarke, CEO of CanCambria, noted: 
“Our team is excited to begin working this prospective area. We believe in the strong potential of the KCA, both in terms of the extension of our existing unconventional tight-gas play fairway and additional conventional oil prospectivity (including potential for horizontal-well exploration targets). The Company will update the markets as the project further develops.”

The Company is also pleased to announce the addition of Hugh Grenfal and Christopher Yokoyama as key advisors to support its long-term technical and financial goals.

Mr. Grenfal brings four decades of industry experience across European and international resource markets and has served as a Director and President of several junior mining exploration companies. He began his career with Grenfal Explorations Ltd. and later spent over a decade advising institutional and private clients on oil, gas, and mineral exploration opportunities from Zurich. Mr. Grenfal has an extensive background in asset management, prospect generation, and development, and in 2016 founded Peloton AG Switzerland to lead oil and gas ventures. Mr. Grenfal will serve as an advisor to the Board and CEO.

Mr. Yokoyama will serve as the Company’s petrophysical technical specialist, guiding the evaluation of all existing legacy well and log datasets, while also championing geo-operations and planning of new data acquisition. Mr. Yokoyama brings over 25 years of global experience specializing in exploration, field development, and unconventional resource assessments for companies including BP and Pioneer Natural Resources. His expertise in building static, data-driven models will help guide the company’s completion design.

Dr. Clarke stated:
“We are delighted to add proven expertise to the Company as we embark on an ambitious evaluation of the Kiskunhalas Concession Area. Both Hugh and Chris bring a wealth of knowledge to the Company, and I am looking forward to working with them as we make progress towards developing the Kiskunhalas project.”

CanCambria also announces the engagement of Winning Media LLC to provide investor-focused digital advertising services to the company in an effort to increase investor awareness and support its OTCQB listing. Under the Agreement, Winning Media will be paid a one-time fee of USD$100,000, payable in advance of the initiation of services. The agreement is for a three-month term commencing July 2025, renewable upon agreement of both parties. There are no performance factors contained in the agreement and Winning Media will not receive shares or options as compensation. Winning Media and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither Winning Media nor its principals have an interest, directly or indirectly, in the securities of the Company or any subsidiary.

KeyFacts Energy: CanCambria Energy Hungary country profile