Cancambria Energy hires RBI as adviser

Dr. Paul Clarke reports CANCAMBRIA ENERGY CORP. ENGAGES RAIFFEISEN BANK INTERNATIONAL AS STRATEGIC ADVISOR Cancambria Energy Corp. has engaged Raiffeisen Bank International AG (RBI) as its strategic adviser to assist in securing a partner for the company's Kiskunhalas tight gas project in Hungary. The transaction may take a number of possible forms, including a farmout of Cancambria's Hungarian assets, a financial investment at the parent or subsidiary level, and/or the sale of a portion of the project. The transaction process is expected to take several months and there is no assurance that any transaction will be completed. Raiffeisen Bank International, headquartered in Austria, is a leading corporate and investment bank with a focus on Central and Eastern Europe (CEE). RBI's energy and utilities M&A (merger and acquisition) team is consistently recognized among the leading mid-market energy M&A advisers in the region, with a strong record of successfully advising on sell-side energy transactions in Hungary. Dr. Paul Clarke, chief executive officer of Cancambria, commented: "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." About Cancambria Energy Corp. Cancambria is a Canadian exploration and production company specializing in tight gas development. With a globally experienced leadership team, Cancambria focuses on high-quality, derisked projects with direct access to profitable markets. Leveraging industries' most advanced technologies, Cancambria aims to commercialize its flagship asset, the 100-per-cent-owned Kiskunhalas project in southern Hungary, a significant gas condensate resource in the heart of Europe. We seek Safe Harbor.