Claren Energy Corp (CNENF)

[Hamilcar54]

Another pure and truthfull post, you forgot to mention how noble current management is when they steal money from other people and deceive their shareholders. Now that is a very valid reason to be concerned !
Let's also not forget that they privately funded Perseville to get a bigger piece of the pie for themselves and deceived us all.

You really need to get your facts straight, but then again the truth is not in your interest. From the company's own circular:

"all stakeholders are now required to proportionately pay for the drill program."

Since TGC owns 20% (that is also debatable now...) that would make 500.000 per well that the company needs to pay. A 5 well program would make 2.5 million which the company already has.
Extra funding would be needed if the company goes for 8 wells: 1.5 million.
If the company can reclaim WI from Perseville then the above story changes again (who knows if monies can be part of any settlement).

your quote:
"We all know the REAL story is Petersen trying to take control of the treasury. But it wont happen!"

No, the real story here is how we got deceived by current greedy management and they have thus shown to be unreliable.

And...you forgot to say your lines again, how do you expect us to vote correctly if you don't nudge us once in a while.