Europe’s Russian Gas Import Ban is Creating a Unique Opportunity in Hungary November 18, 2025 - Baystreet.ca Distributed on behalf of CanCambria EnergyEurope is finally cutting its reliance on Russian energy, and as a result has triggered a fast-moving race to secure domestic production. All of which is creating an interesting opportunity for companies such as CanCambria Energy (TSXV: CCEC); (OTCQB: CCEYF).Just weeks ago, the European Council voted to phase out Russian gas imports, with a full ban on pipeline and liquefied natural gas imports by January 1, 2028. In fact, as noted by the European Council of the European Union, “The regulation constitutes a central element of the EU's REPowerEU roadmap to end dependency on Russian energy, following Russia's weaponisation of gas supplies and repeated disruptions of gas supplies to the EU with significant effects on the European energy market.”That’s because Europe has grown tired of Russia’s enerty cut offs – and Russia’s long history of using its natural gas dominance for political ends. In 2006 and 2009, for example, Russia’s disputes with Ukraine over the terms of transit contracts led to Russian gas supply cutoffs. In 2014, Russia turned off the spigot again after complaining that Ukraine failed to pay its debts, estimated at $5.3 billion, says the BBC.“This is a ban that we introduce because Russia has weaponized energy against us, because Russia has blackmailed member states in the EU, and therefore they are not a trading partner that can be trusted,” added Jorgensen, as quoted by The Guardian. Meanwhile, the crisis is creating opportunity in one of Europe’s most promising gas fields.CanCambria Energy’s (TSXV: CCEC); (OTCQB: CCEYF) Kiskunhalas Project in HungaryCanCambria Energy’s flagship asset, the Kiskunhalas Project is already a well-defined gas/condensate asset in southern Hungary. Sitting in Hungary’s prolific Pannonian Basin, which has already produced 13 billion barrels of oil equivalent – the project could become a significant contributor to the EU natural gas supply and the energy security of Hungary, added the company.CanCambria Energy also announced upgraded resource evaluation to include Kiskunhalas Concession increasing the contingent resources to 1.1 TCF Gas & 116.6 MMbblcondensateCanCambria Energy just announced the results of the Company’s upgraded independent resource evaluation report for the Kiskunhalas tight-gas project in southern Hungary, dated September 30, 2025, and prepared by Chapman Hydrogen and Petroleum Engineering Ltd. This report incorporates the additional land acquired by the Company through the award of the Kiskunhalas Exploration Concession Area in Q1 2025 (see April 1, 2025 press release).Key Highlights • KCA includes an additional 2,000 acres of overall Contingent Resources (all classes), an increase of ~27% to the report area.• Adds 480 acres and 12 wells to the Development Pending Contingent Resources Category.• 2C Contingent Resources “Development Pending” sub-class increases by 14% to 571.9 Bcf and 59.6 MMbbl (net risked recoverable).• NPV10 increases by US$200 million to ~US$1.762 billion for 2C Development Pending sub-class, risked case.• Contingent Resources overall increase to 1.1 Tcf natural gas and 116.6 MMbbl condensate.Dr. Paul Clarke, CEO & President, stated: “We are very pleased with the additional resource capture and valuation attributed to the KCA. CanCambria’s technical assessment of the field, driven by our robust technical dataset, demonstrates the extension of the play characterised in our previous report (see May 12, 2025 press release). The low-cost acquisition of the KCA is consistent with our business model and presents the opportunity for near-term drilling with wells in the KCA located approximately 1 km offset from our approved CC-Ba-E3 location. The scale of the project makes this a very attractive venture with the potential of developing a strategic long life gas field in the heart of Europe.”The Company holds 100% working interest (WI) and 98% net revenue interest (NRI) across both the BA-IX mining license and Kiskunhalas Concession Area for unconventional resource production. The KCA adds 2,000 acres to the existing Contingent Resources area (all classes), an increase of approximately 27% over the BA_IX Area. The updated report adds 480 net acres with the Development Pending sub-class for Contingent Resources, an increase of approximately 10% over the BA-IX Area.The Company’s 2023/24 proprietary 3D seismic program was fully utilized in the preparation of the report, in addition to several seismic volumes licensed in the KCA from the Hungarian Mining Directorate, including a legacy 2011 survey. The report integrates legacy wells; the dataset provides open-hole logs, core, and gas test/production data. The resulting seismic-derived facies models provide a significant improvement over all older characterization efforts.The CHPE best estimate for Contingent Resources volumes (2C Development Pending) is 571.9 billion cubic feet natural gas and 59.6 million barrels “(MMbbl”) condensate/natural gas liquids net to the company (risked at 80%). These volumes represent an increase of approximately 14%, and are principally attributed to the additional KCA lands. The CHPE best estimate for Contingent Resources (2C Development Pending) Net Present Value discounted at 10% (“NPV10”), assuming a price forecast of January 1, 2025, is US$1.762 billion (before tax) risked at 80% chance of development, with a rate of return of over 50%. The KCA adds an incremental US$ 200 million NPV10 risked valuation. The KCA includes 12 wells, spaced at 40 acres, that are added to the Kiskunhalas tight-gas field development plan. CanCambria’sFDP now comprises a total of 112 wells, with two phases each comprising 56 wells. Additionally, the 2C Contingent Resources Development Unclarified sub-class increased by 45% to 544.5 Bcf and 57 MMbbl; further appraisal is required in order to capture these resources, which are not incorporated in the valuation presented above and represent a further upside to the FDP. The combined Contingent Resources (all classes) is 1.1 Tcf (trillion cubic feet) and 116.6 million barrels of condensate. The complete resources evaluation can be downloaded from SEDAR+. 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).BP can confirm the preliminary results of the Volans-1X exploration well in Namibia’s Orange Basin, as reported by operator Rhino Resources. Petroleum Exploration License 85 (PEL85), where the well was drilled, is operated by Rhino Resources with a working interest of 42.5%. Co-venturers are Azule Energy (42.5%), NAMCOR (10%), and KorresInvestments (5%). bp holds a 50% interest in Azule Energy. The Volans-1X exploration well, drilled using the Northern Ocean’s semi-submersible Deepsea Mira, reached a total depth of 4,497.5m TVDSS (true vertical depth subsea) and successfully penetrated the Upper Cretaceous target. The well encountered 26m of net pay in rich gas condensate-bearing reservoirs, with the reservoir showing excellent petrophysical properties and no observed water contact. Initial laboratory analysis of two samples indicated a high condensate-to-gas ratio (CGR) of >140 bbl/mmscf with liquid density of approximately 40° API gravity. The results are undergoing further evaluation.Chevron outlined its five-year plan to 2030 and how it intends to deliver sustained cash flow growth, further strengthen its portfolio, advance power solutions for AI data centers, and grow shareholder distributions. “We believe Chevron is uniquely positioned to grow earnings and free cash flow into the next decade,” said Mike Wirth, Chevron’s chairman and CEO. “Never in my career have I seen a higher confidence outlook, further into the future and with lower execution risk; Chevron is stronger, more resilient, and better positioned than ever.”New Fortress Energy announced that it has reached agreement on contract terms with the Third-Party Procurement Office and the Puerto Rico Public-Private Partnerships Authority for the long-term supply of liquefied natural gas to Puerto Rico. The contract is currently under review for approval by the Financial Oversight and Management Board of Puerto Rico. The gas supply agreement will provide a reliable and affordable supply of natural gas to Puerto Rico’s power system for a term of 7 years. This long-term arrangement will support Puerto Rico’s efforts to replace expensive, higher-emission liquid fuels with cleaner natural gas, delivering significant savings to Puerto Rican ratepayers in the process.Vermilion Energy announced a cash dividend of $0.13 CDN per common share, payable on December 31, 2025 to all shareholders of record on December 15, 2025. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). 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 ofCanCambria Energy Corp. Please click here for full disclaimer.Contact Information:Ty Hoffer Winning Media 281.804.7972[email protected]
Europe’s Russian Gas Import Ban is Creating a Unique Opportunity in Hungary November 18, 2025 - Baystreet.ca Distributed on behalf of CanCambria EnergyEurope is finally cutting its reliance on Russian energy, and as a result has triggered a fast-moving race to secure domestic production. All of which is creating an interesting opportunity for companies such as CanCambria Energy (TSXV: CCEC); (OTCQB: CCEYF).Just weeks ago, the European Council voted to phase out Russian gas imports, with a full ban on pipeline and liquefied natural gas imports by January 1, 2028. In fact, as noted by the European Council of the European Union, “The regulation constitutes a central element of the EU's REPowerEU roadmap to end dependency on Russian energy, following Russia's weaponisation of gas supplies and repeated disruptions of gas supplies to the EU with significant effects on the European energy market.”That’s because Europe has grown tired of Russia’s enerty cut offs – and Russia’s long history of using its natural gas dominance for political ends. In 2006 and 2009, for example, Russia’s disputes with Ukraine over the terms of transit contracts led to Russian gas supply cutoffs. In 2014, Russia turned off the spigot again after complaining that Ukraine failed to pay its debts, estimated at $5.3 billion, says the BBC.“This is a ban that we introduce because Russia has weaponized energy against us, because Russia has blackmailed member states in the EU, and therefore they are not a trading partner that can be trusted,” added Jorgensen, as quoted by The Guardian. Meanwhile, the crisis is creating opportunity in one of Europe’s most promising gas fields.CanCambria Energy’s (TSXV: CCEC); (OTCQB: CCEYF) Kiskunhalas Project in HungaryCanCambria Energy’s flagship asset, the Kiskunhalas Project is already a well-defined gas/condensate asset in southern Hungary. Sitting in Hungary’s prolific Pannonian Basin, which has already produced 13 billion barrels of oil equivalent – the project could become a significant contributor to the EU natural gas supply and the energy security of Hungary, added the company.CanCambria Energy also announced upgraded resource evaluation to include Kiskunhalas Concession increasing the contingent resources to 1.1 TCF Gas & 116.6 MMbblcondensateCanCambria Energy just announced the results of the Company’s upgraded independent resource evaluation report for the Kiskunhalas tight-gas project in southern Hungary, dated September 30, 2025, and prepared by Chapman Hydrogen and Petroleum Engineering Ltd. This report incorporates the additional land acquired by the Company through the award of the Kiskunhalas Exploration Concession Area in Q1 2025 (see April 1, 2025 press release).Key Highlights • KCA includes an additional 2,000 acres of overall Contingent Resources (all classes), an increase of ~27% to the report area.• Adds 480 acres and 12 wells to the Development Pending Contingent Resources Category.• 2C Contingent Resources “Development Pending” sub-class increases by 14% to 571.9 Bcf and 59.6 MMbbl (net risked recoverable).• NPV10 increases by US$200 million to ~US$1.762 billion for 2C Development Pending sub-class, risked case.• Contingent Resources overall increase to 1.1 Tcf natural gas and 116.6 MMbbl condensate.Dr. Paul Clarke, CEO & President, stated: “We are very pleased with the additional resource capture and valuation attributed to the KCA. CanCambria’s technical assessment of the field, driven by our robust technical dataset, demonstrates the extension of the play characterised in our previous report (see May 12, 2025 press release). The low-cost acquisition of the KCA is consistent with our business model and presents the opportunity for near-term drilling with wells in the KCA located approximately 1 km offset from our approved CC-Ba-E3 location. The scale of the project makes this a very attractive venture with the potential of developing a strategic long life gas field in the heart of Europe.”The Company holds 100% working interest (WI) and 98% net revenue interest (NRI) across both the BA-IX mining license and Kiskunhalas Concession Area for unconventional resource production. The KCA adds 2,000 acres to the existing Contingent Resources area (all classes), an increase of approximately 27% over the BA_IX Area. The updated report adds 480 net acres with the Development Pending sub-class for Contingent Resources, an increase of approximately 10% over the BA-IX Area.The Company’s 2023/24 proprietary 3D seismic program was fully utilized in the preparation of the report, in addition to several seismic volumes licensed in the KCA from the Hungarian Mining Directorate, including a legacy 2011 survey. The report integrates legacy wells; the dataset provides open-hole logs, core, and gas test/production data. The resulting seismic-derived facies models provide a significant improvement over all older characterization efforts.The CHPE best estimate for Contingent Resources volumes (2C Development Pending) is 571.9 billion cubic feet natural gas and 59.6 million barrels “(MMbbl”) condensate/natural gas liquids net to the company (risked at 80%). These volumes represent an increase of approximately 14%, and are principally attributed to the additional KCA lands. The CHPE best estimate for Contingent Resources (2C Development Pending) Net Present Value discounted at 10% (“NPV10”), assuming a price forecast of January 1, 2025, is US$1.762 billion (before tax) risked at 80% chance of development, with a rate of return of over 50%. The KCA adds an incremental US$ 200 million NPV10 risked valuation. The KCA includes 12 wells, spaced at 40 acres, that are added to the Kiskunhalas tight-gas field development plan. CanCambria’sFDP now comprises a total of 112 wells, with two phases each comprising 56 wells. Additionally, the 2C Contingent Resources Development Unclarified sub-class increased by 45% to 544.5 Bcf and 57 MMbbl; further appraisal is required in order to capture these resources, which are not incorporated in the valuation presented above and represent a further upside to the FDP. The combined Contingent Resources (all classes) is 1.1 Tcf (trillion cubic feet) and 116.6 million barrels of condensate. The complete resources evaluation can be downloaded from SEDAR+. 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).BP can confirm the preliminary results of the Volans-1X exploration well in Namibia’s Orange Basin, as reported by operator Rhino Resources. Petroleum Exploration License 85 (PEL85), where the well was drilled, is operated by Rhino Resources with a working interest of 42.5%. Co-venturers are Azule Energy (42.5%), NAMCOR (10%), and KorresInvestments (5%). bp holds a 50% interest in Azule Energy. The Volans-1X exploration well, drilled using the Northern Ocean’s semi-submersible Deepsea Mira, reached a total depth of 4,497.5m TVDSS (true vertical depth subsea) and successfully penetrated the Upper Cretaceous target. The well encountered 26m of net pay in rich gas condensate-bearing reservoirs, with the reservoir showing excellent petrophysical properties and no observed water contact. Initial laboratory analysis of two samples indicated a high condensate-to-gas ratio (CGR) of >140 bbl/mmscf with liquid density of approximately 40° API gravity. The results are undergoing further evaluation.Chevron outlined its five-year plan to 2030 and how it intends to deliver sustained cash flow growth, further strengthen its portfolio, advance power solutions for AI data centers, and grow shareholder distributions. “We believe Chevron is uniquely positioned to grow earnings and free cash flow into the next decade,” said Mike Wirth, Chevron’s chairman and CEO. “Never in my career have I seen a higher confidence outlook, further into the future and with lower execution risk; Chevron is stronger, more resilient, and better positioned than ever.”New Fortress Energy announced that it has reached agreement on contract terms with the Third-Party Procurement Office and the Puerto Rico Public-Private Partnerships Authority for the long-term supply of liquefied natural gas to Puerto Rico. The contract is currently under review for approval by the Financial Oversight and Management Board of Puerto Rico. The gas supply agreement will provide a reliable and affordable supply of natural gas to Puerto Rico’s power system for a term of 7 years. This long-term arrangement will support Puerto Rico’s efforts to replace expensive, higher-emission liquid fuels with cleaner natural gas, delivering significant savings to Puerto Rican ratepayers in the process.Vermilion Energy announced a cash dividend of $0.13 CDN per common share, payable on December 31, 2025 to all shareholders of record on December 15, 2025. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). 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 ofCanCambria Energy Corp. Please click here for full disclaimer.Contact Information:Ty Hoffer Winning Media 281.804.7972[email protected]