SureTrader Nadex Advertisement Interactive Brokers Advertisement SureTrader
Home > Boards > US OTC > Oil/Gas/Natural Energy Production >

Claren Energy Corp. (CNENF)

CNENF RSS Feed
Add CNENF Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 5/26/2017 4:24:18 PM - Followers: 33 - Board type: Free - Posts Today: 0

Claren Energy:

Internationally focused oil and gas company with assets in
Romania and Australia.
 

Share Structure:

TICKER : CEN
SHARES OUTSTANDING : 59,442,476OPTIONS : 1,668,750 at average price of $0.74

(post consolidation)
WARRANTS: 28,549,255 Warrants exercisable at $0.15 per share for a period of 2 year
FULLY DILUTED : 89,660,48
Insider Ownership > 50%


Management mostly comes from PacLNG, a group build around the current CEO and senior advisor Carlo Civelli.  Their last company was sold for 900 million dollars.  Carlo Civelli has a history of developing junior resource companies into billion dollar companies or selling them to the highest bidder.  A recent interview with him - in which he also discusses Terrra Nova Energy (before it was renamed to Claren Energy)- can be found here:

http://www.theenergyreport.com/pub/na/when-junior-markets-turn-most-negative-in-35-years-guess-where-financier-carlo-civelli-puts-his-money

 


Company website:

http://clarenenergy.com/


Company Investor Presentation (always contains the latest information so a very good resource):

http://clarenenergy.com/investors/


Gas Resources:

On September 1st 2016, Claren Energy Corp. entered into an agreement to earn up to an 80% interest in the Bobocu Gas Field, onshore Romania

• Transaction represents strategy to focus on lower-risk / lower-cost exploration & development and conversion of resources to reserves
• Bobocu is ~ 6,200 net acres in size and a proven gas resource with 33 Bcf already produced: license in good standing until Jan 2028
• Claren has identified 127 Bcf of OGIP and believes there remains significant recoverable resource with application of “modern” drilling techniques

Gas was found when the Bobocu 310 well was drilled in january 2017 !


Oil Resources:

The company currently owns 51.50% of 2 onshore blocks on the western flank of the Cooper/Eromanga Basins: PEL 112 and PEL 444. 


2,252 SQ KM or 556,473 acres

PEL 112 1,086 sq km (268k acres)
PEL 444 1,166 sq km (288k acres)

UNDER EXPLORED

only 6% of PEL 112 and PEL 44 have been shot with 3D
seismic as of yet leaving a substantial exploration upside.

(Cost per barrel is around 20$ - 28$ as confirmed by the CEO)

The oil found in the Cooper basin is light sweet crude which receives Premium pricing (10% to 15% higher then the market price for international Brent oil).

Other owners of the properties are:

Holloman Energy (ticker HENC) 48.50%

 

 

  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
CNENF
Current Price
Volume:
Bid Ask Day's Range
PostSubject
#4200   Not sure about bankrupt, its crashing pretty hard AC416 05/26/17 04:24:18 PM
#4199   Probably investors getting out before bankruptcy is declared. gamood 05/26/17 08:32:21 AM
#4198   Why sudden activity today? Sckorpleo 05/26/17 12:53:09 AM
#4197   Roll back then 5 cent finance for them selves. yaya88888888888 05/18/17 12:20:32 PM
#4196   they don't have any money left to drill Hamilcar54 05/17/17 04:31:29 AM
#4195   Last I heard they were talking to a gamood 05/14/17 08:45:47 PM
#4194   Well these guys seem to have disappear. They AC416 05/14/17 02:11:30 PM
#4193   I guess I should be happy I am signjack 04/26/17 08:54:15 AM
#4192   The lights been burnt out for a long yaya88888888888 04/18/17 09:46:31 AM
#4191   2 years from now..we will see light. Sckorpleo 04/17/17 07:20:23 PM
#4190   How low will we go before news rescues gamood 04/17/17 03:51:08 PM
#4189   Ya I read that today senex report April. yaya88888888888 04/06/17 11:47:27 PM
#4188   Ya I read that today senex report April. yaya88888888888 04/06/17 11:40:06 PM
#4187   That well had no commercial flow. It's becoming Sckorpleo 04/06/17 10:55:18 PM
#4186   Ok take care. yaya88888888888 03/31/17 01:55:17 AM
#4185   Thanks I got some this morning. signjack 03/30/17 08:10:18 PM
#4184   fortem resources yaya88888888888 03/29/17 09:03:54 PM
#4183   FTMR yaya88888888888 03/29/17 09:00:51 PM
#4182   what is stbr new symbol? signjack 03/29/17 07:37:17 PM
#4181   we are sitting on a lot of henc signjack 03/29/17 04:54:11 PM
#4180   How bout HENC? phrocks 03/29/17 04:20:15 PM
#4179   Senex drilled on the border of cnenf pel yaya88888888888 03/29/17 04:07:43 PM
#4178   I don't know what to say. Got burned AC416 03/29/17 12:27:31 PM
#4177   No civelli lovers on here anymore/ No post signjack 03/29/17 12:00:55 PM
#4176   My guess is they will try to revive AC416 03/09/17 11:35:47 AM
#4175   Why is HEN$ up today? If they choose Sckorpleo 03/07/17 04:22:51 PM
#4174   http://www.senexenergy.com.au/wp-content/uploads/2017/03/Monthly-Drilling-Report Sckorpleo 03/06/17 10:11:03 PM
#4173   The Sparta well had no commercially viable oil. Sckorpleo 03/06/17 09:01:37 PM
#4172   Have you heard anything about senex's successful well signjack 03/06/17 02:33:41 PM
#4171   Wonder when these guys will move on the AC416 03/01/17 09:41:23 AM
#4170   I'm afraid I have to agree with you molikai 02/24/17 08:17:36 PM
#4169   ``Dryhole Henry strikes out again. `` So true, gamood 02/23/17 10:52:19 PM
#4168   I'm trying to be positive here...as I said AC416 02/23/17 04:38:10 PM
#4167   Do you think it's a knee jerk reaction molikai 02/23/17 03:17:40 PM
#4166   Appears the knee jerk dumping reaction is done...for AC416 02/23/17 09:51:29 AM
#4165   Warrants come and go. I should know I molikai 02/22/17 10:04:19 AM
#4164   My guess with the financing shares coming off AC416 02/21/17 11:17:19 PM
#4163   Sorry, I didn't want to be correct! gamood 02/21/17 09:50:19 PM
#4162   Yes sir...you were....crappy news. Sell of should be AC416 02/21/17 09:00:47 PM
#4161   Guess I as correct! "none of the perforated gamood 02/21/17 08:44:17 PM
#4160   Claren Energy Provides Corporate Update yaya88888888888 02/21/17 07:51:56 PM
#4159   I'm still here...but yes a crappy day here AC416 02/21/17 05:32:31 PM
#4158   Down 37.5% on the Canadian exchange. I guess gamood 02/21/17 04:27:22 PM
#4157   And so the landslide begins. molikai 02/21/17 11:42:58 AM
#4156   Out of 5 lobes, won't u think even Sckorpleo 02/20/17 02:28:15 PM
#4155   Maybe it's borderline and they know what will molikai 02/20/17 02:06:09 PM
#4154   My guess is 5 lobes takes a lot AC416 02/20/17 11:46:06 AM
#4153   Does anyone think no news is good news? molikai 02/20/17 11:05:30 AM
#4152   Yes.... AC416 02/17/17 12:12:40 AM
#4151   its .2 there at cen.... buccaneer1961 02/16/17 11:32:15 AM
PostSubject