(Oil & Gasoline 360) – Writer’s Observe: CanCambria Power can be presenting at EneCom Denver – The Power Funding Convention on August 17-20, 2025. Register and reserve your room.
CanCambria Power Corp. (TSXV: CCEC) (FSE: 4JH) (“CanCambria” or the “Firm”) is happy to announce the outcomes of the Firm’s unbiased useful resource analysis for the Kiskunhalas tight-gas challenge in southern Hungary dated April thirtieth, 2025, ready by Chapman Hydrogen and Petroleum Engineering ltd (CHPE).
CanCambria Power Corp. (TSXV: CCEC) (FSE: 4JH) (“CanCambria” or the “Firm”) is happy to announce the outcomes of the Firm’s unbiased useful resource analysis for the Kiskunhalas tight-gas challenge in southern Hungary dated April thirtieth, 2025, ready by Chapman Hydrogen and Petroleum Engineering ltd (CHPE).
The corporate holds 100% working curiosity and 98% internet royalty curiosity throughout the higher BA-IX mining license on the Kiskunhalas challenge. The report consists of an space of 4,000 internet acres with the Improvement Pending sub-class for Contingent Sources. The corporate’s 2023/24 proprietary 3D seismic program was totally utilized within the preparation of the report and integrates three legacy wells; the dataset offers open-hole logs, core and fuel check/manufacturing knowledge. The ensuing seismic-derived facies fashions present a big enchancment over all older characterization efforts.
The CHPE finest estimate for Contingent Useful resource volumes (2C Improvement Pending) is 627.4 billion cubic ft (BCF) pure fuel and 66.5 million barrels (MMBBL) condensate/pure fuel liquids (NGL) internet to the corporate (un-risked).¹ The online risked recoverable contingent useful resource (2C Improvement Pending) is 501.9 BCF pure fuel and 53.2 MMBBL condensate/NGL.
CHPE finest estimate for Contingent Sources (2C Improvement Pending) Internet Current Worth discounted at 10% (NPV10) assumes a value forecast of January 1st, 2025, is US$1,579,315,000 risked at 80% probability of improvement and US$1,974,144,000 un- risked, with a charge of return (ROR) of 57.3% for un-risked case.
CanCambria’s Discipline Improvement Plan (FDP) contains a complete of 100 wells, with two phases every comprising 50 properly tranches. Full FDP ends in capital expenditure from CHPE (2C case) of US$947.9 million, discounted on the identical 10% charge.
Dr. Paul Clarke, CEO & President, acknowledged: “We’re very happy that this report helps CanCambria’s technical evaluation of the sphere and improvement plan. The size of the challenge makes this a really engaging enterprise with a few years of potential drilling stock. To validate these assessments, we’re getting ready a three-well appraisal program, to start drilling within the coming months, as we search strategic funding that preserves shareholder worth and maximizes internet asset worth.”
About CanCambria Power Corp.
CanCambria Power Corp. is a Canadian-based exploration and manufacturing firm specializing in tight fuel improvement. With a globally skilled management staff, CanCambria focuses on high-quality, de-risked initiatives with direct entry to worthwhile markets. Leveraging industries’ most superior applied sciences they goal to commercialize their flagship asset, the 100% owned Kiskunhalas Challenge in southern Hungary, a big gas-condensate useful resource within the coronary heart of Europe.
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¹ Contingent Sources are these portions of petroleum estimated, as of a given date, to be doubtlessly recoverable from recognized accumulations utilizing established expertise beneath improvement, however which aren’t at the moment thought of recoverable as a result of a number of contingencies. Contingent assets, by definition, usually are not categorised as reserves as a result of a number of circumstances together with however not restricted to the uncertainties of future commodity costs and properly recoveries/efficiency of the appraisal program, which have to be resolved to make sure commerciality. There isn’t any certainty that it will likely be commercially viable to supply any portion of the assets. The Improvement pending sub-class for contingent assets have cheap potential for eventual industrial improvement.
