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Claren Energy Corp. (CNENF)

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Moderator: buccaneer1961, Hamilcar54
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Last Post: 3/29/2017 4:54:11 PM - Followers: 35 - Board type: Free - Posts Today: 5

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%

 

 

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#3980  Sticky Note Claren Energy Commences Drilling the Bobocu 310 Side-track buccaneer1961 12/26/16 01:13:55 AM
#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
#4150   Yeah there is nice volume on both exchanges AC416 02/16/17 11:30:19 AM
#4149   looks good this time...remember last time ones were buccaneer1961 02/16/17 10:56:31 AM
#4148   Come on guys, give us an update: it's Hamilcar54 02/15/17 09:10:58 AM
#4147   They will be closed on the 20th...hopefully some AC416 02/13/17 09:33:18 PM
#4146   Sorry again that's the TMX molikai 02/13/17 07:21:26 PM
#4145   My mistake however according to this chart it's molikai 02/13/17 07:20:27 PM
#4144   Looks like nothing today. No trades No News. AC416 02/13/17 03:43:46 PM
#4143   There is no stat holiday in Canada today! gamood 02/13/17 12:28:19 PM
#4142   The Canadian exchange is close for a Stat holiday. molikai 02/13/17 12:14:37 PM
#4141   No news yet, no trades on either exchange. AC416 02/13/17 10:12:10 AM
#4140   Thanks for the link...Still hardly any volume on AC416 02/10/17 04:12:30 PM
#4139   Glad to have you on board AC. Here's molikai 02/10/17 04:02:35 PM
#4138   Nice end of day buying on the TSX....125k AC416 02/10/17 04:01:50 PM
#4137   This is my first time investing in this AC416 02/10/17 02:09:47 PM
#4136   Does it really matter what happens before the molikai 02/10/17 01:45:08 PM
#4135   ok,right direction! buccaneer1961 02/10/17 11:38:49 AM
#4134   About 35k of shares at 18cents AC416 02/10/17 09:35:24 AM
#4133   Not trying to promote or disagree with your thoughts, AC416 02/09/17 08:54:25 PM
#4132   ZETA DISAPPOINTED AT BOBOCU-310 WELL Sckorpleo 02/09/17 07:35:03 PM
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