Claren Energy Corp (CNENF)

[Smooth]

PEL 111 just south of 444 where Senex has had so much success, is not without its failures...refer to section 3.1 in the various PEL 111 annual reports:

http://petroleum.statedevelopment.sa.gov.au/old-site/legislation/company_annual_reports/cooper_and_eromanga_basins_annual_reports/pel_111

We've got the cash available to drill more...wonder if HENC will participate or fold their oil exploration hopes? TGC management made a smart move to cancel the original farm in/out agreement and focus on a multi well program where they pay for only their 20% WI and not the entire well...let's give credit where credit is due.

I don't know when we will drill again, but I'm certain will be it next year or even later. I plan to hold on to what I currently own and just wait it out...no fire sale for me...either way, buying or selling.