This May be One of Europe’s Most Promising Natural Gas Fields July 29, 2025 - Baystreet.ca Europe is still reeling from a devastating energy supply crisis, which has created a unique situation for companies, such as CanCambria Energy Corp. (TSXV: CCEC) (OTCQB: CCEYF). Ever since Russian gas exports through Ukraine to Europe ground to a halt, EU nations have been forced to turn to liquefied natural gas (LNG) on the global spot market – where prices are excessively volatile and often exorbitantly priced. In fact, European natural gas prices recently traded at a 300% premium to U.S. prices, with prices often exceeding $15 to $17 MMBtu compared to just $2.50 to $4.00 in the U.S. And unfortunately for Europe, that dramatic pricing isn’t likely to cool off much thanks to the ongoing Russia-Ukraine conflict, EU decarbonization mandates, declining production, and the elimination of Russian gas imports. Plus, according to the European Union, it has no plans to return to Russian gas. Instead, it plans to phase out fossil fuel imports from Russia by 2028. As reported by The Guardian, “The EU energy commissioner, Dan Jørgensen, said a proposed ban on Russian gas imports would remain, irrespective of whether there was peace in Ukraine,” adding that, “Under the proposals, European companies would be banned from importing Russian gas or providing services at EU liquified natural gas terminals to Russian customers.” Other than CanCambria, some of the other top gas companies to keep an eye on include BP (NYSE: BP), Chevron (NYSE: CVX), New Fortress Energy (NASDAQ: NFE), and Vermilion Energy (NYSE: VET) (TSX: VET). CanCambria Energy Corp. (TSXV: CCEC) (OTCQB: CCEYF) May Hold One of Europe’s Most Promising Natural Gas Fields CanCambria Energy Corp. announce that it has successfully remitted the concession fee for the Kiskunhalas Concession Area to the Hungarian Ministry of Energy. With this payment completed, CanCambria has fulfilled all its financial obligations to secure the 945.9 km2 KCA. The Company’s flagship Kiskunhalas Trough asset that extends southwest into a portion of the KCA. At a price equivalent of less than USD$10 per net acre, this concession agreement represents an extremely attractive low-cost entry, consistent with the Companies business model. CanCambria will now incorporate a wholly-owned Hungarian subsidiary, under the name CanCambria Kiskunhalas Koncesszio´s Ltd., to manage, plan, and execute the exploration and appraisal work program in the KCA. Dr. Paul Clarke, CEO of CanCambria, noted: “Our team is excited to begin working this prospective area. We believe in the strong potential of the KCA, both in terms of the extension of our existing unconventional tight-gas play fairway and additional conventional oil prospectivity (including potential for horizontal-well exploration targets). The Company will update the markets as the project further develops.” The Company is also pleased to announce the addition of Hugh Grenfal and Christopher Yokoyama as key advisors to support its long-term technical and financial goals. Mr. Grenfal brings four decades of industry experience across European and international resource markets and has served as a Director and President of several junior mining exploration companies. He began his career with Grenfal Explorations Ltd. and later spent over a decade advising institutional and private clients on oil, gas, and mineral exploration opportunities from Zurich. Mr. Grenfal has an extensive background in asset management, prospect generation, and development, and in 2016 founded Peloton AG Switzerland to lead oil and gas ventures. Mr. Grenfal will serve as an advisor to the Board and CEO. Mr. Yokoyama will serve as the Company’s petrophysical technical specialist, guiding the evaluation of all existing legacy well and log datasets, while also championing geo- operations and planning of new data acquisition. Mr. Yokoyama brings over 25 years of global experience specializing in exploration, field development, and unconventional resource assessments for companies including BP and Pioneer Natural Resources. His expertise in building static, data-driven models will help guide the Company’s completion design. Dr. Clarke stated: “We are delighted to add proven expertise to the Company as we embark on an ambitious evaluation of the Kiskunhalas Concession Area. Both Hugh and Chris bring a wealth of knowledge to the Company, and I am looking forward to working with them as we make progress towards developing the Kiskunhalas project.” Other related developments from around the markets include: BP has signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oilfields in Libya’s Sirte basin, including the exploration potential of adjacent areas, and to understand the wider unconventional oil and gas potential within the country. The agreement provides a framework for bp to assess a range of technical data and to effectively work with NOC to evaluate presented opportunities and determine the feasibility of future development and exploration programmes. William Lin, bp executive vice president gas & low carbon energy, said: “This agreement reflects our strong interest in deepening our partnership with NOC and supporting the future of Libya’s energy sector. We hope to apply bp’s experience from redeveloping and managing giant oil fields around the world to help optimize the performance of these world-class assets. We look forward to conducting thorough studies, working closely with NOC, to evaluate the resource potential of this promising region.” Chevron announced that it has completed its acquisition of Hess Corporation following the satisfaction of all necessary closing conditions, including a favorable arbitration outcome regarding Hess’ offshore Guyana asset. The combined company has one of the most advantaged and differentiated portfolios in the industry, with leading positions in critical energy markets around the world and a high cash margin production profile. In addition, on July 17, 2025, the Federal Trade Commission (FTC) lifted its earlier restriction, clearing the way for John Hess to join Chevron’s Board of Directors, subject to Board approval. “This merger of two great American companies brings together the best in the industry,” said Chevron Chairman and CEO Mike Wirth. “The combination enhances and extends our growth profile well into the next decade, which we believe will drive greater long-term value to shareholders. Additionally, I’m pleased with the FTC’s unanimous decision. John is a respected industry leader, and our Board would benefit from his experience, relationships and expertise.” New Fortress Energy via a subsidiary has executed a 5-year agreement for the deployment of the Energos Winter, a 138,250 m3 floating storage and regasification unit, with the Egyptian Natural Gas Holding Company. The Winter will operate at EGAS’ LNG import terminal located at Damietta, Egypt. This is NFE’s second FSRU stationed in Egypt, and the Winter will join the Energos Eskimo in Egypt as early as August of this year. “We are pleased to reinforce our relationship with EGAS by way of our deployment of a second FSRU to Egypt. This deal enhances NFE’s goals of providing reliable and cost-effective energy across the globe,” said Chris Guinta, CFO of New Fortress Energy. “EGAS is pleased to strengthen its long-standing partnership with New Fortress Energy through the execution of a second Regasification Service Agreement. Under this agreement, NFE’s second FSRU, Energos Winter, will provide regasification services at the Damietta terminal, contributing to the security of natural gas supply for the Arab Republic of Egypt over the next five years,” said Yasseen Mohamed, Executive Managing Director of EGAS. Vermilion Energy confirmed the closing of the previously announced sale of Saskatchewan assets for gross proceeds of $415 million. The assets are comprised of approximately 10,500 boe/d (86% oil and liquids) of non-core light oil production in Saskatchewan and Manitoba. This transaction marks another significant step in Vermilion's strategic plan to high-grade the asset portfolio that began three years ago, shifting our focus toward long-duration, scalable assets with deep inventory of high return on capital opportunities. Net cash proceeds from the sale will strengthen Vermilion's balance sheet and provide further capital allocation flexibility for core Canadian and European assets. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for CanCambria Energy Corp by CanCambria Energy Corp. We own ZERO shares of CanCambria Energy Corp. Please click here for full disclaimer. Contact Information: Ty Hoffer Winning Media 281.804.7972 [email protected]
This May be One of Europe’s Most Promising Natural Gas Fields July 29, 2025 - Baystreet.ca Europe is still reeling from a devastating energy supply crisis, which has created a unique situation for companies, such as CanCambria Energy Corp. (TSXV: CCEC) (OTCQB: CCEYF). Ever since Russian gas exports through Ukraine to Europe ground to a halt, EU nations have been forced to turn to liquefied natural gas (LNG) on the global spot market – where prices are excessively volatile and often exorbitantly priced. In fact, European natural gas prices recently traded at a 300% premium to U.S. prices, with prices often exceeding $15 to $17 MMBtu compared to just $2.50 to $4.00 in the U.S. And unfortunately for Europe, that dramatic pricing isn’t likely to cool off much thanks to the ongoing Russia-Ukraine conflict, EU decarbonization mandates, declining production, and the elimination of Russian gas imports. Plus, according to the European Union, it has no plans to return to Russian gas. Instead, it plans to phase out fossil fuel imports from Russia by 2028. As reported by The Guardian, “The EU energy commissioner, Dan Jørgensen, said a proposed ban on Russian gas imports would remain, irrespective of whether there was peace in Ukraine,” adding that, “Under the proposals, European companies would be banned from importing Russian gas or providing services at EU liquified natural gas terminals to Russian customers.” Other than CanCambria, some of the other top gas companies to keep an eye on include BP (NYSE: BP), Chevron (NYSE: CVX), New Fortress Energy (NASDAQ: NFE), and Vermilion Energy (NYSE: VET) (TSX: VET). CanCambria Energy Corp. (TSXV: CCEC) (OTCQB: CCEYF) May Hold One of Europe’s Most Promising Natural Gas Fields CanCambria Energy Corp. announce that it has successfully remitted the concession fee for the Kiskunhalas Concession Area to the Hungarian Ministry of Energy. With this payment completed, CanCambria has fulfilled all its financial obligations to secure the 945.9 km2 KCA. The Company’s flagship Kiskunhalas Trough asset that extends southwest into a portion of the KCA. At a price equivalent of less than USD$10 per net acre, this concession agreement represents an extremely attractive low-cost entry, consistent with the Companies business model. CanCambria will now incorporate a wholly-owned Hungarian subsidiary, under the name CanCambria Kiskunhalas Koncesszio´s Ltd., to manage, plan, and execute the exploration and appraisal work program in the KCA. Dr. Paul Clarke, CEO of CanCambria, noted: “Our team is excited to begin working this prospective area. We believe in the strong potential of the KCA, both in terms of the extension of our existing unconventional tight-gas play fairway and additional conventional oil prospectivity (including potential for horizontal-well exploration targets). The Company will update the markets as the project further develops.” The Company is also pleased to announce the addition of Hugh Grenfal and Christopher Yokoyama as key advisors to support its long-term technical and financial goals. Mr. Grenfal brings four decades of industry experience across European and international resource markets and has served as a Director and President of several junior mining exploration companies. He began his career with Grenfal Explorations Ltd. and later spent over a decade advising institutional and private clients on oil, gas, and mineral exploration opportunities from Zurich. Mr. Grenfal has an extensive background in asset management, prospect generation, and development, and in 2016 founded Peloton AG Switzerland to lead oil and gas ventures. Mr. Grenfal will serve as an advisor to the Board and CEO. Mr. Yokoyama will serve as the Company’s petrophysical technical specialist, guiding the evaluation of all existing legacy well and log datasets, while also championing geo- operations and planning of new data acquisition. Mr. Yokoyama brings over 25 years of global experience specializing in exploration, field development, and unconventional resource assessments for companies including BP and Pioneer Natural Resources. His expertise in building static, data-driven models will help guide the Company’s completion design. Dr. Clarke stated: “We are delighted to add proven expertise to the Company as we embark on an ambitious evaluation of the Kiskunhalas Concession Area. Both Hugh and Chris bring a wealth of knowledge to the Company, and I am looking forward to working with them as we make progress towards developing the Kiskunhalas project.” Other related developments from around the markets include: BP has signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oilfields in Libya’s Sirte basin, including the exploration potential of adjacent areas, and to understand the wider unconventional oil and gas potential within the country. The agreement provides a framework for bp to assess a range of technical data and to effectively work with NOC to evaluate presented opportunities and determine the feasibility of future development and exploration programmes. William Lin, bp executive vice president gas & low carbon energy, said: “This agreement reflects our strong interest in deepening our partnership with NOC and supporting the future of Libya’s energy sector. We hope to apply bp’s experience from redeveloping and managing giant oil fields around the world to help optimize the performance of these world-class assets. We look forward to conducting thorough studies, working closely with NOC, to evaluate the resource potential of this promising region.” Chevron announced that it has completed its acquisition of Hess Corporation following the satisfaction of all necessary closing conditions, including a favorable arbitration outcome regarding Hess’ offshore Guyana asset. The combined company has one of the most advantaged and differentiated portfolios in the industry, with leading positions in critical energy markets around the world and a high cash margin production profile. In addition, on July 17, 2025, the Federal Trade Commission (FTC) lifted its earlier restriction, clearing the way for John Hess to join Chevron’s Board of Directors, subject to Board approval. “This merger of two great American companies brings together the best in the industry,” said Chevron Chairman and CEO Mike Wirth. “The combination enhances and extends our growth profile well into the next decade, which we believe will drive greater long-term value to shareholders. Additionally, I’m pleased with the FTC’s unanimous decision. John is a respected industry leader, and our Board would benefit from his experience, relationships and expertise.” New Fortress Energy via a subsidiary has executed a 5-year agreement for the deployment of the Energos Winter, a 138,250 m3 floating storage and regasification unit, with the Egyptian Natural Gas Holding Company. The Winter will operate at EGAS’ LNG import terminal located at Damietta, Egypt. This is NFE’s second FSRU stationed in Egypt, and the Winter will join the Energos Eskimo in Egypt as early as August of this year. “We are pleased to reinforce our relationship with EGAS by way of our deployment of a second FSRU to Egypt. This deal enhances NFE’s goals of providing reliable and cost-effective energy across the globe,” said Chris Guinta, CFO of New Fortress Energy. “EGAS is pleased to strengthen its long-standing partnership with New Fortress Energy through the execution of a second Regasification Service Agreement. Under this agreement, NFE’s second FSRU, Energos Winter, will provide regasification services at the Damietta terminal, contributing to the security of natural gas supply for the Arab Republic of Egypt over the next five years,” said Yasseen Mohamed, Executive Managing Director of EGAS. Vermilion Energy confirmed the closing of the previously announced sale of Saskatchewan assets for gross proceeds of $415 million. The assets are comprised of approximately 10,500 boe/d (86% oil and liquids) of non-core light oil production in Saskatchewan and Manitoba. This transaction marks another significant step in Vermilion's strategic plan to high-grade the asset portfolio that began three years ago, shifting our focus toward long-duration, scalable assets with deep inventory of high return on capital opportunities. Net cash proceeds from the sale will strengthen Vermilion's balance sheet and provide further capital allocation flexibility for core Canadian and European assets. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for CanCambria Energy Corp by CanCambria Energy Corp. We own ZERO shares of CanCambria Energy Corp. Please click here for full disclaimer. Contact Information: Ty Hoffer Winning Media 281.804.7972 [email protected]