CanCambria Energy Sees 16% Jump in Kiskunhalas Project Value Amid Strong EU Gas Prices

CanCambria Energy Corp., a Canadian-based exploration and production company, has announced an increase in the value of its Kiskunhalas Project in southern Hungary. The updated independent resource evaluation report, dated July 1, 2026, attributes this growth to strong European natural gas prices.

The estimated net present value discounted at 10% (NPV10) of the Company's base-case, risked 2C Development Pending contingent resource increased by 16%, from $1.762 billion to $2.04 billion. The field development model has first production scheduled for mid-2027 and full field development increasing in 2028.

CHPE adopted a US$12.00/MMBtu (TTF¹) gas price assumption, compared to the previous US$10.00/MMBtu (TTF1) base-case assumption, resulting in a meaningful increase in the estimated value of the Kiskunhalas project. European natural gas day-ahead spot prices are currently US$18.50/MMBtu (TTF¹), while the six-month trailing average exceeds US$15.00/MMBtu.

The Company's President and Chief Executive Officer, Dr. Paul Clarke, stated that the updated independent resource evaluation demonstrates the significant leverage the Kiskunhalas Project has to long-term European natural gas prices.