01:23 PM EDT, 03/24/2026 (MT Newswires) -- CanCambria Energy ( CCEYF ) on Tuesday said it identified a shallow 350 square-kilometer high-impact exploration trend within the Kiskunhalas Concession Area (KCA) in Hungary.

The company said evaluation is underway for the newly identified shallow play, providing it with multiple additional potential exploration and development opportunities across the KCA.

"While we remain focused on the deep tight gas resource development, we are increasingly encouraged by the shallow fairway now being defined across the northern KCA," said Chief Executive Paul Clarke. "These targets could support lower-cost, faster-cycle drilling and the potential for multiple satellite accumulations along a broader trend. With new 3D seismic planned, we believe the new exploration program has the potential to unlock significant value."

Shares of the company were last seen down $0.04 to $0.58 on the TSX Venture Exchange.

Price: 0.58, Change: -0.04, Percent Change: -6.45