CanCambria Energy Corp. Engages Raiffeisen Bank International as Strategic Advisor

Executive Summary

• CanCambria Energy Corp. has retained Raiffeisen Bank International AG as a strategic advisor to explore partnership options for its Kiskunhalas tight‑gas project in Hungary.
• The advisory process may result in a farm‑out, equity investment, or partial sale of the Hungarian assets, but no transaction is guaranteed and the timeline extends over several months.
• CEO Dr. Paul Clarke highlighted that securing a partner is a key milestone toward drilling the first new well on the project in 2026.

Key Details

• Advisor Appointment: Raiffeins​en Bank International AG (RBI) engaged as strategic advisor for the Kiskunhalas project transaction.
• Potential Transaction Forms:
• Farm‑out of CanCambria’s Hungarian assets.
• Financial investment at the parent or subsidiary level.
• Sale of a portion of the project.
• Process Timeline: Expected to take several months; no assurance that any deal will be completed.
• Project Context: Kiskunhalas is a 100% owned tight‑gas and gas‑condensate resource in southern Hungary, targeted for first new well drilling in 2026.
• CEO Comment: “Securing a partner for the Kiskunhalas Project will be a key milestone… we look forward to providing further updates on the process with RBI in due course.”

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 play’s significant potential and drilling the first new well in the area in 2026.”