Replies to post #1151 on Claren Energy Corp (CNENF)

[yaya88888888888]

Yes they have to finance but it will not be under 25 cents!

[Hamilcar54]

They can also give a percentage work interest instead of financing. If I remember correctly HENC gave up a 1% interest in favour of 1 million dollars in debt scrapped. So continuing that thought = 10%WI for 10 million dollars, that would be enough to drill 5 wells.

[yaya88888888888]

The longer it takes it looks more like they are going to finance this themselves and soon as it gets to 15 16 it comes back 13 and 11.5 looks more like 15 cent financing and as the days go by with no partner announcement and want to drill in the forth quarter they will finance it for them selves??? My views have not changed on the property though its still a huge property with huge potential.......