Claren Energy Corp (CNENF)

[Smooth]

Here's a comment I made the other day to someone who has a sizable stake in TGC,and is definitely well aware of all 3 parties to this growing fiasco.

It sure appears as if TGC has tried to pull as fast one...or two...or three. Henc appears to be extremely pissed off. If you can make any sense of all this, I'd welcome your thoughts.

Response:

Too complicated for me. I know nothing about the withholding of seismic info from HENC. If it was withheld and if Carlo had the seismic info and used that info improperly it could spell lawsuit. Not good for drilling. But everything I have heard is here-say. Sakhai , Acor and TGC have the right to sell to whomever they wish. It's one thing to sue and quite another to prove it in Court. In law if it looks like a rat and smells like a rat it still could be just a mouse.

My wallets says stick with these bandits(TGC) and get drilling to create value.

Follow up response:

Ps. There is a huge jurisdictional issue in any lawsuit with TGC. There are at least 3 jurisdictions: Alberta, S Australia and USA federal. Maybe Texas. But I believe the FO Agreement was under Alberta law. Canada generally is far less litigious
than the U.S. and issues such as this rarely result in criminal charges as fraud is not easy to prove in Canada and civil cases are rarely adjudicated by a jury.
Bottom line - avoid a lawsuit if we want to see drilling anytime soon.