Claren Energy Corp (CNENF)

[Hamilcar54]

I agree with the fact that things probably could have moved faster but how much faster is anyone's guess. I've been annoyed by the slow pace as well, frustrating but it's out of our hands.

Remember that they only had finished reviewing the seismic last november when they PR'd that they had identified 8 drilling locations. Since then they tried to get the money for the drilling campaign in an environment where oil crashed.
My guess is there is an opportunistic approach here as well: get as much done with as little money as possible. The longer they waited the cheaper it became to drill a well. So it's been in their interest to wait as long as possible.
Their only real deadline then here is the expiry date of the farmout with HENC which is july. Since that is approaching and oil back on the rise we can look forward to great times.
The hardest part is always the waiting...