CanCambria Energy Unveils Promising Resource Evaluation for Hungarian Gas Project

Cancambria Energy Corp ( (TSE:CCEC) ) just unveiled an update.

CanCambria Energy Corp. announced the results of its independent resource evaluation for the Kiskunhalas tight-gas project in southern Hungary, revealing significant natural gas and condensate resources. The evaluation, prepared by Chapman Hydrogen and Petroleum Engineering, estimates a net risked recoverable contingent resource of 501.9 BCF of natural gas and 53.2 MMBBL of condensate/NGL. The company’s field development plan includes 100 wells, with a capital expenditure of US$947.9 million. This project is seen as a highly attractive venture with potential for strategic funding to maximize shareholder value.

More about Cancambria Energy Corp

CanCambria Energy Corp. is a Canadian-based exploration and production company specializing in tight gas development. The company focuses on high-quality, de-risked projects with direct access to profitable markets, leveraging advanced technologies to commercialize its flagship asset, the Kiskunhalas Project in southern Hungary.

Average Trading Volume: 12,741

Technical Sentiment Signal: Strong Sell

Find detailed analytics on CCEC stock on TipRanks’ Stock Analysis page.