Claren Energy Corp (CNENF)

[Hamilcar54]

HENC ends up with 28% after the farm out is complete (after this drilling).

Perseville is now at 25% + the 5% as agreed for the 3 million dollar. As I read the PR correctly then after the farmout they don't need to transfer their 16% to TGC (as was agreed by chelsea and sakhai initially). I still don't know if their agreement is for this complete 16% or only for a part of it, the PR isn't clear on that, that's why I wanted to wait for the definitive agreement to recalculate.

TGC now sits at 25%.

It will probably look something look this in the end:

Henc at 28% (this is quite certain)
Perseville at 30% (or more depending on more financing)
TGC at 30%
10% for another party or Perseville (I bet TGC will give up this 10% for more money to drill)