Claren Energy Corp (CNENF)

[Smooth]

I'm still very much trying to figure who I think would be the best to bring value to TGC shareholders and it sure appears to me that the STBR people have not shown much as far as I could find. Go to their website and read the corporate presentation
http://strongbowinc.com/

I must say, however, that there are a few salient points on some of their resumes which I bolded below that will help me sleep better:

The President and Chief Executive Officer, among other fine traits, possesses an innate curiosity.[Note- the other officers are not near as curious]. Also, whether you want an oil well or a custom home, he's the man to see. (http://www.bloomberg.com/profiles/people/18249887-michael-caetano)

The Chief Financial Officer is proficient in financial analysis and is detail oriented in running a successful organization...does that include STBR?

And finally, the company's Director is experienced in economic decision making!

Honestly, I make these comments "tongue-in-cheek", but if these guys are competent, honest and at least adequate for getting the job done, then I guess I'd support them. My problem is that I don't know that they are capable to get the job done...$$$$$$...that is!

Lastly, as far as cancelling the FIA, it does appear to have been a good move. As it stands now, the drilling program that will likely be put forth will be for 4-5 wells. If TGC had to fully carry HENC, then it appears that only 1 well would have gotten drilled...and if unsuccessful, party over. So I think the move to cancel the FIA now looks to have been a smart move. It's the missing out on the at least half of the 25% W.I. that Perseville bought from Acor and Sakhai that chaps my rear...but then again, TGC may have been offered such a deal and simply passed because they had no money!

Still gathering info on who I plan to support