Core Insights - CanCambria Energy Corp. has announced an upgraded independent resource evaluation for the Kiskunhalas tight-gas project, increasing contingent resources to 1.1 trillion cubic feet (Tcf) of gas and 116.6 million barrels (MMbbl) of condensate [1][10] Resource Evaluation - The updated report incorporates additional land acquired through the Kiskunhalas Exploration Concession Area (KCA), which adds 2,000 acres, representing a 27% increase over the BA-IX Area [3][7] - The 2C Contingent Resources "Development Pending" sub-class has increased by 14% to 571.9 billion cubic feet (Bcf) of natural gas and 59.6 million barrels (MMbbl) of condensate/natural gas liquids [5][10] - The net present value (NPV10) for the 2C Development Pending sub-class has increased by US$200 million to approximately US$1.762 billion, assuming an 80% chance of development [8][7] Development Plans - The KCA includes 12 new wells, spaced at 40 acres, contributing to a total of 112 wells in the Kiskunhalas field development plan [9] - The company’s proprietary 3D seismic program and legacy data have significantly improved the resource characterization, enhancing the overall assessment of the project [4][10] Strategic Positioning - CanCambria holds a 100% working interest and a 98% net revenue interest across both the BA-IX mining license and KCA, positioning the company favorably for unconventional resource production [3][11] - The project is viewed as a strategic opportunity for developing a long-life gas field in Europe, aligning with the company's business model [3][11]