CanCambria Energy Corp Strengthens Leadership and Board with Key Industry Appointments

Rhea-AI Summary

CanCambria Energy (OTCQB: CCEYF) announced three senior appointments to its leadership and board to support development of the Kiskunhalas tight gas project in Hungary on December 2, 2025. The company named Jerald (Jay) Stratton Jr. as independent director, Larry Busnardo as VP Investor Relations, and Lee Lehtonen as Technical Lead - Exploration. Collectively the appointees bring over 100 years of industry experience across exploration, operations, capital markets and investor relations.

In connection with these hires, CanCambria granted 900,000 stock options exercisable at CAD $0.53 per share for a five-year term, vesting in four equal tranches (25% every six months). The Options are subject to the company Omnibus Stock Option Plan and TSX Venture Exchange policies.

Positive

• Added 3 senior industry executives to board and leadership
• Collective experience of more than 100 years in oil and gas
• Appointees include technical, operational and capital markets expertise
• Granted 900,000 options to align new hires with company goals

Negative

• 900,000 options exercisable at CAD $0.53 for five years may create shareholder dilution

Key Figures

Industry experience more than 100 years Combined experience of three new appointees

Stock options granted 900,000 options Incentive grant tied to new leadership appointments

Option exercise price CAD $0.53 per share Exercise price for 900,000 options

Option term five years Duration from grant date for option exercise

Vesting schedule 25% every six months Four equal tranches following grant date

Market Reality Check

$0.3266 Last Close

Volume Volume 10,040 is 1.49x the 20-day average of 6,755, indicating elevated pre-news activity. normal

Technical Trading below the 200-day MA at $0.37, with the stock at $0.33 before this announcement.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 02	Leadership additions	Positive	+5.3%	Added three senior leaders plus granted 900,000 options for incentives.
Nov 18	Resource upgrade	Positive	+0.9%	Upgraded Kiskunhalas contingent resources and higher risked NPV10 metrics.
Nov 13	Board transition	Positive	+3.3%	Founder stepping down as Executive Chairman with interim chair plan outlined.
Oct 16	Strategic advisor	Negative	-2.4%	RBI engagement for potential transaction, with no assurance of completion.
Oct 15	Conference presentation	Positive	+2.4%	Investor conference presentation on Hungarian high-pressure wet-gas resource.

Pattern Detected

Recent news has generally been followed by modest positive price moves, suggesting investors have reacted constructively to updates on assets, strategy, and leadership.

Recent Company History

This announcement continues a series of developments centered on CanCambria’s Hungarian tight-gas assets and corporate positioning. In October 2025, the company presented its European gas opportunity and engaged Raiffeisen Bank International to seek a strategic partner for Kiskunhalas. An upgraded resource evaluation in November 2025 highlighted larger contingent resources and higher project NPV. A leadership transition at the chair level was outlined shortly after. Today’s appointments further deepen board, technical and capital-markets capabilities to advance the Kiskunhalas project.

Market Pulse Summary

The stock moved +5.3% in the session following this news. A strong positive reaction aligns with the company’s pattern of constructive responses to asset and strategy updates, where past news saw moves up to 5.26%. The leadership and board additions add operational and capital-markets depth, while the 900,000-option grant at CAD $0.53 links incentives to longer-term performance. Investors would still need to weigh execution risk at Kiskunhalas and potential option-related dilution over the five-year term.

Key Terms

stock options financial

"the Company announces that it has granted 900,000 options (the "Options")"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) ("CanCambria" or the "Company") is pleased to announce the immediate appointment of three industry professionals to its leadership team and Board of Directors, further strengthening the Company as it advances development of its Kiskunhalas tight gas project in Hungary.

Mr. Jerald (Jay) Stratton Jr. - Independent Director.

Mr. Stratton is an accomplished oil and gas executive with over 40 years of experience at companies including ARCO, OXY, Anadarko and Chesapeake Energy, working both US domestic and international assets. Most recently serving as COO of Ultra Petroleum, he focused on capital efficiency and operational excellence delivering 20% cost reduction at the Pinedale tight gas field in Wyoming. He brings corporate strategic insights across a range of governance, safety, financial, and technical arenas and has extensive leadership development experience and a superior network of industry experts and high-level decision makers, at the forefront of energy policy. Mr. Stratton holds a B.S. in Petroleum Engineering from Texas A&M University.

Mr. Larry Busnardo - VP Investor Relations.

Mr. Busnardo brings over 25 years of experience in the oil and gas industry with a focus on finance, capital markets and investor relations, most recently serving as Managing Director at EnerCom, Inc., an internationally recognized management consulting firm advising clients on investor relations and marketing. His previous roles include VP Investor Relations at HighPoint Resources and Forest Oil in Denver. Prior to his corporate roles, Larry spent more than a decade as a sell-side analyst at Macquarie Capital, Tristone Capital and Petrie Parkman & Co. He holds a Bachelor of Science in Accounting from Metropolitan State University.

Mr. Lee Lehtonen - Technical Lead - Exploration.

With over 35 years of domestic and international experience, working for majors and Independents, Mr. Lehtonen has worked on all aspects of exploration and production life cycle on 3 continents, at the level of SME and senior leadership. He has been a key contributor in major deep-water discoveries and development projects for Mobil, Texaco, Pioneer, Vanari, and Nexen. Key skillsets include portfolio analysis, prospect generation/evaluation, and M&A. He holds a B.A. in Geology (Colgate University), M.Sc. Applied Geophysics (University of Texas, El Paso) and an MBA from SMU Cox Business School, Dallas.

Dr. Paul Clarke stated, "We are very excited to welcome Jay, Larry, and Lee to the Company. We continue to build an industry-leading team at CanCambria, as we prepare for significant future growth through the development of our extensive Kiskunhalas project in Hungary. These appointments meaningfully expand our operational, technical and capital markets capabilities. Collectivity, these appointments bring more than 100 years of focused experience, gained with public and private E&P companies defined by results-driven philosophies. With this strengthened leadership team, the Company is well positioned to deliver on our business model of organic growth."

Stock Option Grant

Associated with the recruitment and incentivization of the above-named staff, the Company announces that it has granted 900,000 options (the "Options") to purchase common shares of the Company specifically. Such Options are exercisable into common shares of the Company at an exercise price of CAD $0.53 per common share for a period of five (5) years from the date of grant. The Options will vest in equal tranches of twenty-five percent (25%) every six (6) months following their grant date. The Options are subject to the terms and conditions of the Company's Omnibus Stock Option Plan and the policies of the TSX Venture Exchange.

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 resources in the heart of Europe.

For additional inquiries, please reach out to:

Paul Clarke PhD CEO & President paul.clarke@cancambria.com	Larry Busnardo VP, Investor Relations larry.busnardo@cancambria.com
Chris Beltgens VP, Corporate Development chris.beltgens@cancambria.com	KIN Communications Inc. 604-684-6730 ccec@kincommunications.com

 

Website: www.CanCambria.com

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276569

FAQ

Who were the December 2, 2025 appointments at CanCambria Energy (OTCQB: CCEYF)?

CanCambria appointed Jerald (Jay) Stratton Jr. as independent director, Larry Busnardo as VP Investor Relations, and Lee Lehtonen as Technical Lead - Exploration.

How many stock options did CanCambria (CCEYF) grant on December 2, 2025 and at what price?

The company granted 900,000 options exercisable at CAD $0.53 per common share.

What is the term and vesting schedule for the CanCambria (CCEYF) option grant?

Options have a five-year term and vest in four equal tranches of 25% every six months.

What experience does Jerald (Jay) Stratton Jr. bring to CanCambria (CCEYF)?

Mr. Stratton has over 40 years in oil and gas, with roles at ARCO, OXY, Anadarko, Chesapeake and as COO of Ultra Petroleum.

What role will Larry Busnardo serve at CanCambria (CCEYF) and what is his background?

Larry Busnardo will be VP Investor Relations with over 25 years in oil and gas finance, capital markets and investor relations.

How do the new hires support CanCambria’s Kiskunhalas project development?

The hires add operational, technical, and capital markets expertise intended to support advancing the Kiskunhalas tight gas project in Hungary.