Claren Energy Corp (CNENF)

[Smooth]

Hamilcar54...here's what I was told about the potential cost of drilling...from someone I strongly believe is quite knowledgeable about the subject. If correct, then it definitely makes the cancellation of the farm-in make more sense....yes/no?

The most likely result of the first well on 444 is a dry hole. All petroleum economics are based on exploration failure as much as success. Also the $9mm assessment of drill costs is not realistic. 5 well are more likely to cost $15mm.