Claren Energy Corp (CNENF)

[Hamilcar54]

I would agree with you that it would have been more efficient and much faster to apply for permitting when they reviewed the seismic, it would only seem logical (why waste 2 months of time ?). So we are to guess as to why they didn't (we can't peek into the board room so we don't have factual information).
My guess would be that the financial side wasn't (or isn't) concluded yet, untill all signatures are on paper then the company can issue a PR with all details. I don't know how long these permits are valid so they probably also took that into consideration (if they would have applied for them before having financing in place).
When we hear about the permits then we'll probably also hear about financing and (hopefully) drilling dates, can't be far away now...