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People have all types of reasons for selling best they sell. The major share holders are not selling. Either are private placements selling. Drips and drops minor selling. Let them go there are buyers for it.
Correction?
Thanks for your update. What would you call 1096 points down for the week jan29 to feb2?
Well needed correction last week and could see more this week!
Another 2 bits and your back at 2.75 lol
Theres not a lot of stock for sale I believe some one was desperate.100 reasons or more why u might need to sell. Anywhere between 2.00 and 2.25 I believe is a good Buy. IMO
Good gamble Mr Wales.I hear UTAH is so big they will need you down there with your 2 pistols to guard the property.
I heard the same thing.
Nice buy Randy. I just got another 1400 this morning myself. a total of 4000 the last 2days.
That's ok I by it at 2.05 now
I bought yesterday and today? Utah will be HUGE. Merry HoHoHo!
Your RIGHT keep buying $3.21
From my understanding they applied some months back. There was a news release I believe that Mackie Research Corp was sponsoring them. Randy I believe what you write in your last post is right 99%. Be patient!
They may have other properties in Terra Nova in Austrailia??
,
Claren Energy to Pursue Spin-Off of Australian Assets
TORONTO, ONTARIO--(Marketwired - Nov. 9, 2017) - Claren Energy Corp. ("Claren" or the "Company") (TSX VENTURE:CEN)(OTCQX:TNVMF)(FRANKFURT:GLTN) is pleased to announce that it has entered into an arrangement agreement with its wholly owned subsidiary, Terra Nova Resources Inc. ("Terra Nova"), whereby Claren plans to pursue a Spin-Off of its working interests (51.49%) in two onshore petroleum exploration licenses ("PELs"), being PEL 112 and PEL 444, including a 1.47% overriding royalty interest in the PELs, located on the western flank of the Cooper Eromanga Basin in the State of South Australia, Australia.
Spin-Off Rationale
The Board of Directors and management of Claren routinely review and assess strategic alternatives available to Claren to enhance shareholder value. As part of this review, the Board of Directors and management concluded that the Bobocu License, onshore Romania, and the PELs represent independent, and distinct value creation opportunities within the upstream oil & gas exploration and development cycle, and hence their intrinsic value should be reflected autonomously.
Henry Aldorf, CEO of Claren, commented "The proposed spin-out of the PELs will allow Claren to focus on the financing and advancement of its flagship property, the Bobocu License, as well as the acquisition of other onshore oil and gas assets in Eastern Europe. During the period from 2012 to 2016 the Company's focus was the exploration of the Australian PELs, which involved detailed 3D geophysical analysis as well as test drilling. We consider that the work carried out to date on the PELs warrants further exploration and an independent company is better suited to finance the exploration of the PELs."
Therefore, the Company intends to carry out a Plan of Arrangement ("Arrangement") with Terra Nova whereby Terra Nova will be listed as a separate company on the Canadian Securities Exchange ("CSE").
Terms of the Arrangement
According to the terms of the Arrangement entered into between Claren and Terra Nova, each Claren shareholder will receive one (1) Terra Nova common share for every ten (10) Claren shares held by such Claren shareholder. Further, the warrant holders of Claren will receive one (1) Terra Nova warrant for every ten (10) Claren warrants held, with an exercise price adjusted to reflect the spin out. The share and warrant exchanges will be based on security holdings as of the date following the Annual General and Special Meeting established by the Company.
Closing of the Arrangement is subject to a number of customary conditions precedent including, but not limited to, regulatory approval of this transaction, the approval of shareholders, the Supreme Court of British Columbia, and subject to compliance with the requirements of either the Canadian Securities Exchange or the TSX Venture Exchange.
About Claren Energy Corp.
Claren Energy Corp. is an oil and gas company that has a (40%) participating interest in the Bobocu License, onshore Romania, and has the right to acquire an additional forty percent (40%) participating interest in the license. Claren also has a 51.49% working interest in two onshore petroleum exploration licenses ("PELs"), being PEL 112 and PEL 444, including a 1.47% gross overriding royalty interest on the PELs, located on the western flank of the Cooper Eromanga Basin in the State of South Australia, Australia. Its common shares trade on the TSX Venture Exchange under the symbol "CEN".
This news release contains forward-looking information relating to Claren's intentions to conduct the drilling programs and other statements that are not historical facts. Such forward-looking information is subject to important risks and uncertainties that could cause actual results to differ materially from what is currently expected, for example: risks related to oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, competition from other producers, inability to retain drilling rigs and other services, reliance on key personnel, and insurance risks.. Findings by other oil and gas issuers does not necessarily indicate that Claren will be successful in making such findings in Australia and Romania. In making such forward- looking statements, Claren has relied upon certain assumptions relating to geological settings, commodity prices, the stability of markets and currencies and the availability of capital to Claren in order to continue with the seismic and drilling programs. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Claren may elect to, Claren is under no obligation and does not undertake to update this information at any particular time, except as required by applicable securities law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Claren Energy Corp.
Mark Lawson
+1 416 366 9410
mark@clarenenergy.com
Investor Relations
info@clarenenergy.com
www.clarenenergy.com
I believe they have been working on valuations for some time. I would think something will be coming soon IMO.
They will and I believe its an opportunity to buy IMO.
That is a very good move. Big things are happening be patient.
If you love that green keep buying. You will thank me later. IMO
The only interest of 100 shares at $2.60 is cheap stock....period. Long term shareholders will get huge returns. IMO
Anywhere here is a steal.....
Interesting and probably still buying. Hope they don't roll it back again and finance at 5 cents? Thanks
Do they have any money left?
This company only has good news!
There working on it.
More Properties are on there way!
Well said Randy makes a lot of sense. Im happy to buy stock this week $2.40 2.50 and if they want to sell it down I buy more. People are waiting Tsx and after that you will see this company financed big time. There are more properties coming. If Genstock says he has buying its coming. IMO. Good luck to all the long term shareholders. Short term who knows what is going to happen.
Got more cheap stock today!
Got 1600 $2.50 Nice. Hope there is another fire sale! lol
I believe its going to take some Good News and strong buying before we see $4? GLTA
Nice and happy to know this is his next big play. This stock is cheap. There is only so much of this float for sale. Good luck to all long term shareholders. That's where the big reward will be.
Major Gas Producer BP Touts Productive Well in New Mexico
International producer BP is pointing to northwestern New Mexico as a possible significant new source of natural gas for the United States.
Aug. 7, 2017, at 5:16 p.m.
Major Gas Producer BP Touts Productive Well in New Mexico
FARMINGTON, N.M. (AP) — International producer BP is pointing to northwestern New Mexico as a possible significant new source of natural gas for the United States.
The company announced Monday that it brought online one of the most productive wells in the Mancos Shale that the San Juan Basin has seen in more than a decade. The basin spans New Mexico and southern Colorado.
BP says an average of nearly 13 million cubic feet of gas a day was pumped during an initial 30-day period.
Company officials say the recent test suggests the region could become one of the nation's leading shale plays. Some industry analysts want to see if new wells post similar results.
BP acquired thousands of acres in the region in 2015 in hopes of tapping the shale and expanding its position in the basin.
Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Yes I just found it to thanks.
Need to find out whose tied on to there acreage? Rumor has it they hit massive gas in there first hole.
I believe they have a 100 thousand acres in the same formation?
I was told soon.
Yes I hear there was a Major find by the other company. Cant find news relase.
This deal is a monster in the making HUGE! Hold your stock in a safe place its going to be worth lots. Long term holders bought the private placements so don't expect the float to double anytime soon. There is a ton of news coming plus dollars and Assets. Thanks for the few thousand shares I got this week. Good luck.
Nice i got some cheap stock. When this happens this is when you want to buy! Good luck and good news is on the way!