Replies to post #239 on Claren Energy Corp (CNENF)

[Al4343]

I expect to hear from TN right after they analyze the wire logs. They made the effort to uplist off the greys, then had a setback with WolfMan. Now they need to communicate the way forward.

As I stated previously, I was told the next spud will be 444, after all the permitting and road building occurs...likely early 2014. I also asked on the potential climate problems ( I believe flooding ) and was told early 2014 was "a go". As far as funding I was told they had the majority for the 444 spud, then would assess after that.

Al

[cougar12]

Couldn't agree more on all points.

I don't understand how they have the money in escrow, but need more? Haven't they actually raised an additional 3.9m since funding escrow?

The only math that works is they are burning 300k or so a month on operating expenses beyond drilling and seismic. Nuts!

[cougar12]

I'll venture a guess...1 for 5 RS and 300k shares at .25-.30