Replies to post #2814 on Claren Energy Corp (CNENF)

[Al4343]

Well said. Add to that they have dragged this on (IMO to allow for the entrance of their cronies at discount costs) since seismic...

I don't think large shareholders of each company (TC & Gen) would be supporting a group that would fail to drill in a timely manner.

Al

[molikai]

I have to agree and will be voting for the new management.

[Smooth]

Hamilcar54...here's what I was told about the potential cost of drilling...from someone I strongly believe is quite knowledgeable about the subject. If correct, then it definitely makes the cancellation of the farm-in make more sense....yes/no?

The most likely result of the first well on 444 is a dry hole. All petroleum economics are based on exploration failure as much as success. Also the $9mm assessment of drill costs is not realistic. 5 well are more likely to cost $15mm.