CanCambria Energy Corp. ("CanCambria" or the "Company") is pleased to announce that the Supervisory Authority for Regulatory Affairs of Hungary (SZTFH) has approved the Technical Operating Plan ("TOP" or "MÜT" in Hungarian) for the drilling and completion of the planned CC-Ba-É-2 and CC-Ba-É-3 wells within the Company's Ba-IX Mining License.
This regulatory approval secures all required permits and authorizations to proceed with the drilling and completion of the initial two appraisal wells. This is an important step towards advancing the project to potential commercialization.
Dr. Paul Clarke, President and CEO, stated: "Approval of the Technical Operating Plan for the first two appraisal wells is a key milestone in advancing the Ba-IX field towards potential commercialization. With regulatory clearances in place, we are now clear to proceed with drilling and completion, gathering critical data that will guide our development plan and support growth across our Hungarian project."
The CC-Ba-É-2 and CC-Ba-É-3 wells are designed to test multiple intervals across more than 1,000 meters of gross gas-charged reservoir section. Data gathered is expected to provide insights into production potential and reservoir performance, refine resource estimates, and support ongoing evaluation of the Ba-IX Mining License for potential future development.