Claren Energy Corp (CNENF)

[Hamilcar54]

HENC will sit at 28%, that is a certainty since it's stipulated in the farmout.
Since TGC stated that 3 million is enough for 2 wells then the cost per well is 1.5 million (cost is probably still declining with oil demand lower).
How much ownership Perseville and TGC will have depends on that definitive agreement or other partner/financing announcments (which I would prefer since any new Perseville deal will cost more in % ownership).

There are several possibilities here:

HENC: 28%
Perseville: 31%
TGC: 36%
other: 5%

or

HENC: 28%
Perseville: 31%
TGC: 31%
other: 10%