CanCambria Energy Corp Announces Completion of the Kiskunhalas Concession Area Agreement and Engagement of Advisors
Rhea-AI Summary
CanCambria Energy (OTCQB: CCEYF) has successfully secured the Kiskunhalas Concession Area (KCA) in Hungary after completing the concession fee payment to the Hungarian Ministry of Energy. The 945.9 km² concession area was acquired at less than USD$10 per net acre.
The company will establish a wholly-owned Hungarian subsidiary, CanCambria Kiskunhalas Koncessziós Ltd., to manage exploration and appraisal operations. Additionally, CanCambria has appointed Hugh Grenfal and Christopher Yokoyama as key advisors, bringing extensive industry experience in resource markets and petrophysical technical expertise respectively.
The company has also engaged Winning Media LLC for a three-month digital advertising campaign at USD$100,000 to enhance investor awareness and support its OTCQB listing.
Positive
- Acquisition of large 945.9 km² concession area at competitive price under USD$10 per net acre
- Strategic expansion of existing unconventional tight-gas play fairway with additional conventional oil potential
- Addition of two experienced industry advisors strengthening technical and financial expertise
Negative
- Significant upfront marketing expense of USD$100,000 for three-month investor awareness campaign
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2025) - CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) ("CanCambria" or the "Company") is pleased to announce that it 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. The Company's flagship Kiskunhalas Trough asset that extends southwest into a portion of the KCA. At a price equivalent of less than USD
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 an 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
Winning Media is based in Houston, Texas, and brings over 20 years of experience in the online advertising and investor marketing industry, specializing in digital and corporate brand marketing services to enhance corporate visibility and retail investor awareness.
About CanCambria Energy Corp.
CanCambria Energy Corp. is a Canadian-based 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
For additional inquiries, please reach out to:
| Paul Clarke PhD CEO & President paul.clarke@cancambria.com Chris Beltgens VP, Corporate Development chris.beltgens@cancambria.com | Investor Relations - North America KIN Communications Inc. 604-684-6730 ccec@kincommunications.com Email: info@CanCambria.com Website: www.CanCambria.com |
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