Claren Energy Corp (CNENF)

[hamauto]

I think the 42% is correct but what everyone is missing Peresville pays 30% of all the well costs and with well cost dropping to 1.5M AUD and Peresville contributing 30% TGC can now drill three wells with there 3MM with no further share dilution to us shareholders. Keeping in mind HENC has to pay 50% of the completion costs and Peresville picking up 30% it only leaves 20% to TGC. 42% is nothing to sneeze at, Not to mention TGC has cost recovery before anyone gets any revenue if you look at the western flank of the cooper, Beach, Drillsearch and Senex etc all control 30 to 50% of the blocks, its the smart play take the risk away. Kudos to Aldorf and Civelli