Core Viewpoint - CanCambria Energy Corp. is advancing its operational plans for the Kiskunhalas tight-gas field, with drilling expected to commence in the second half of 2026, and has submitted a Technical Operating Plan for the Kiskunhalas Concession Area, outlining a comprehensive exploration program from 2026 to 2029 [1][5][10] Group 1: Operational Updates - The company has initiated the construction of the CC-Ba-E-2 well by installing and cementing the 20-inch conductor pipe to a depth of 72 meters [2] - A purchase order has been signed with Tenaris Silcotub for tubulars, with a deposit of US$100,000 paid, and delivery expected by June 30, 2026 [3] - Preparations for recommissioning the existing natural gas pipeline to the gas storage facility at Zsana are set to begin in early Q1 2026 [4] Group 2: Technical Operating Plan - The Technical Operating Plan for the Kiskunhalas Concession Area covers 945.9 km² (233,737 acres) and includes an exploration program that integrates an additional 2,000 acres and 12 well locations [5] - Two prospective resource assessment studies are planned, one focusing on conventional oil prospects above 2,000 meters and the other contingent on 3D seismic results targeting the deep tight-gas fairway [5][8] - Geological and geophysical studies will be conducted throughout 2026 to refine leads and prospects identified from previous seismic surveys, with a 3D seismic acquisition program planned for 2027 [8] Group 3: Strategic Partnerships and Future Plans - The company is actively seeking a strategic partner to help fund the Kiskunhalas work program, with opportunities being marketed through Raiffeisen Bank International AG [9] - The President and CEO emphasized the company's commitment to addressing Europe's energy challenges and the importance of the Kiskunhalas project in their growth strategy [10] - The company aims to provide further updates in early 2026 regarding anticipated resource size and risk profile [10]
CanCambria Energy Provides Operational Update and Submits Technical Operating Plan for Kiskunhalas Exploration Concession