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Claren Energy Corp. (CNENF)

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Moderator: buccaneer1961, Hamilcar54
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Last Post: 2/17/2017 12:12:40 AM - Followers: 35 - 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%

 

 

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#3980  Sticky Note Claren Energy Commences Drilling the Bobocu 310 Side-track buccaneer1961 12/26/16 01:13:55 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
#4131   how much volume? and what did it buccaneer1961 02/09/17 07:33:44 PM
#4130   Next week it is. Atleast we got some AC416 02/09/17 10:20:50 AM
#4129   Not today. I'm guessing this will be next AC416 02/08/17 04:55:36 PM
#4128   Probably....I'm getting that feeling. If we don't get AC416 02/07/17 09:31:47 AM
#4127   It would be nice if it was this yaya88888888888 02/07/17 02:11:38 AM
#4126   Feb 9th.. my guess Sckorpleo 02/07/17 12:55:44 AM
#4125   Nothing today...maybe tomorrow... AC416 02/06/17 11:59:32 PM
#4124   yes!!! im looking forward to buccaneer1961 02/06/17 12:21:35 AM
#4123   Yes Sir Hopefully no delays as we are looking AC416 02/05/17 03:23:40 PM
#4122   this should be the week we get results buccaneer1961 02/05/17 02:14:37 PM
#4121   unknown...but there was buying afterwards buccaneer1961 02/03/17 08:08:10 PM
#4120   Not sure, but this is interesting. First time AC416 02/03/17 04:46:03 PM
#4119   What is this 600 sells on both the exchanges? Sckorpleo 02/03/17 11:31:15 AM
#4118   I understand what you mean im sure theres buccaneer1961 02/02/17 10:38:12 PM
#4117   We need consistent interest not one volume surges. AC416 02/02/17 10:17:50 PM
#4116   oh I bet there will be gobs of buccaneer1961 02/02/17 10:04:45 PM
#4115   Yes lots done since September. I thinking pr AC416 02/02/17 10:01:55 PM
#4114   well it wont be too much longer...they got buccaneer1961 02/02/17 12:08:23 AM
#4113   The ss is tiny. I expect a nice AC416 02/01/17 10:48:21 PM
#4112   and the smaller ss buccaneer1961 02/01/17 09:13:10 PM
#4111   Up on u.s side down on tsx side. AC416 02/01/17 09:10:09 PM
#4110   good volume today in the right direction buccaneer1961 02/01/17 08:58:19 PM
#4109   well off to work! take care! buccaneer1961 01/31/17 11:27:59 AM
#4108   shouldn't be too much longer buccaneer1961 01/31/17 10:50:09 AM
#4107   Let's try and keep it real this time molikai 01/31/17 10:44:59 AM
#4106   Its going to be big again Buc. yaya88888888888 01/31/17 02:28:13 AM
#4105   I also believe we should be just fine buccaneer1961 01/30/17 11:01:34 AM
#4104   I think out of the 5 zones, we AC416 01/30/17 08:49:43 AM
#4103   this zone intersects with the zone that well buccaneer1961 01/29/17 02:11:56 PM
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