Claren Energy Corp (CNENF)

[Hamilcar54]

Isn't it possible that instead of an equity offering that they are able to secure financing via a loan or debt. For example if the supposed new 3rd party (Pacific Hunt?) that is also getting a percentage of the PEL's as a compensation for drilling wells but also provides Terra Nova with a loan (even if it is with high interest rates). They can even work out deal that repays the loan with selling all oil that comes from the wells.
JMHO