Replies to post #2363 on Claren Energy Corp (CNENF)

[Hamilcar54]

In their PR's they state they identified 8 drilling locations so the question is: will they drill 5 or 8 wells ? If they drill 8 then they will need more money then what you propose.
Also see that non-dilutive aspect from the last PR, if Perseville provides the money then they will earn more than that 5%
How this is exactly calculated, nobody seems to know for now, we can continue to speculate about all ownership aspects but we'll only know for sure when everything is PR'ed and documented...can't be that far away now...

[Smooth]

What are you estimating the cost to be for each well drilled...$1.2 million?

You think $3 million gets them 2.5 wells drilled?

If that's the case, then you think they can sell just 5-5.16% more and they'll be able to drill all 5 wells?

If so, we'd be looking at W I %'s as follows:

TGC 40%

Perseville 36%

Henc 24%

If we hit on the first 2 wells, then I would imagine that the price for any additional W I will go up accordingly such that TGC may not have to sell much additional WI. We shall see.