Claren Energy Corp (CNENF)

[Hamilcar54]

no not correct:

dilution will occur with current and new management if more then 4-5 wells will be drilled (assuming all partners pay up).
I a partner doesn't pay it's share and oil is hit then the partner who hasn't payed will not have it's share of the drilled oil field. The partner retains all claims on other parts of the PEL so your 40% WI for TGC is incorrect. This remains at 20% unless more WI % can be reclaimed from Perseville. HENC will pay it's share of the drilling costs, be it with current or new management so I don't get several of the points you try to make, there is no more farmin.
I would not bet on the fact that HENC will not pay up, they will since insiders invested a lot and won't give up just before the finish line (drilling).

The proof that you are looking for is in tchaunchy's previous post with the email showing sender of the mail (Nico C) and members of the current BOD of TGC who funded Perseville -> illegal corporate opportunity:

https://en.wikipedia.org/wiki/Corporate_opportunity.

We should get to drilling faster with new management (how can anyone still trust current one ?) who can then sort out the 5% WI that is in legal limbo with Holloman.

How anyone can still think about voting for current management is beyond me, they stole value from YOU and as such will do so again when they have another opportunity !