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(Oil & Gas 360) CanCambria Energy Corp. It is located adjacent to CanCambrias existing Ba-IX mining license (32,500 acres), creating a consolidated, contiguous position within the Pannonian Basin, a mature and historically productive region in southern Hungary. The newly awarded Kiskunhalas Concession Area covers an area of 945.9
Minister of Petroleum and Mineral Resources Karim Badawi met with Mohamed Farouk, CEO of ADES, and his accompanying delegation, to review the companys operations and discuss means of boosting production. Additionally, the companys future plans to enhance crude oil production rates through the use of advanced technologies were also discussed.
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