Cancambria Energy hires RBI as adviser

Executive Summary

• Cancambria Energy Corp. has engaged Raiffeisen Bank International AG (RBI) as its strategic advisor to assist in securing a partner for its Kiskunhalas tight gas project in Hungary.
• The potential transaction structures include a farmout of Hungarian assets, a financial investment at the parent or subsidiary level, and/or the sale of a portion of the project.
• The process is expected to take several months, with no assurance that a transaction will be completed; however, the goal is to unlock the project's potential and drill the first new well in the area in 2026.

Key Details

• Advisor: Raiffeisen Bank International AG (RBI), a leading corporate and investment bank focused on Central and Eastern Europe (CEE).
• Target Asset: Kiskunhalas tight gas project in Hungary (100% owned by Cancambria).
• Transaction Structures Considered:
  • Farmout of Cancambria's Hungarian assets.
  • Financial investment at the parent or subsidiary level.
  • Sale of a portion of the project.
• Timeline: The transaction process is expected to take several months.
• Strategic Goal: To secure a partner to unlock the play's significant potential and facilitate drilling the first new well in the area in 2026.
• Advisor Expertise: RBI's energy and utilities M&A team is recognized as a leading mid-market energy M&A adviser in the region, with a strong record of advising on sell-side energy transactions in Hungary.

Notable Quotes

• Dr. Paul Clarke, CEO: "Securing a partner for the Kiskunhalas project will be a key milestone, marking an important step toward unlocking the plays significant potential and drilling the first new well in the area in 2026. Furthermore, we are excited to be working with Raiffeisen Bank International with their deep Central European relationships and sector expertise. We look forward to providing further updates on the process with RBI in due course."