Claren Energy Corp (CNENF)

[Hamilcar54]

There is some good new info in that presentation:

1. TGC ends up with 41% ownership if Perseville funds a 5 well drill program - better then I had hoped for:

"Perseville is not required to transfer its earning contribution
to Terra Nova in the event that it pays its proportionate share
of the drill costs. If Perseville elects to fund all five wells, Terra
Nova would obtain a 41.05% ownership."

2. PEL 112

3D SEISMIC
127 sq km of 3D seismic was acquired in August 2012 in
addition to reprocessing 665 sq km of 2D seismic, which
generated 40 drill targets


3. PEL 444

Sixteen drill locations

Slide 13 is indeed fantastic: 1460 hectares - structures similar to nearby oilfields, a potential 80 million barrels of oil (2 billion $ of net value at 50$ barrel oil).


4. Perseville - our billionaire insider is investing more of his money in here, bullish sign...follow the smart money