Core Viewpoint - CanCambria Energy Corp. successfully closed a second upsize of its non-brokered private placement, raising gross proceeds of CAD $3,275,350 through the sale of 8,188,375 units at a price of $0.40 per unit [1] Group 1: Offering Details - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the holder to acquire an additional common share at an exercise price of $0.50 for three years [1] - The offering included participation from management and key associates, who purchased shares representing approximately 5% of the units offered [3] - The company paid a cash finder's fee of $156,924 and issued 392,310 non-transferable finder's warrants, which are on the same terms as the warrants [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund the procurement of long-lead items for the 2026 drilling program, ongoing technical resource evaluation of the Kiskunhalas Concession Area, support for the Joint Venture process for the BA-IX tight-gas field, and general corporate purposes [2] Group 3: Company Background - CanCambria Energy Corp. is a Canadian-based exploration and production company specializing in tight gas development, focusing on high-quality, de-risked projects with access to profitable markets [8] - The company aims to commercialize its flagship asset, the 100% owned Kiskunhalas Project in southern Hungary, which is a significant gas-condensate resource in Europe [9]

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]