Claren Energy Corporation (CE) (CNENF) Quote

CNENF reinstated to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

CNENF: inactive security. FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

What's going on

A little action her

CNENF one for 10 reverse split:

http://otce.finra.org/DLSymbolNameChanges

Is someone dumping here??

Terra Nova now trading as TENO
TERRA NOVA RESOURCES INC
On the Canadian Venture Exchange

Claren / Terra Nova spin off news:

https://markets.businessinsider.com/news/stocks/claren-energy-corp-and-terra-nova-resources-inc-announce-closing-of-spin-out-1027500387

I was afraid of that. Karma will get them in the end.

When you take a good look at the history of this company, you will see that their "DIKS" fell off a long time ago!

I bailed and took the loss and moved over to fusz it has a huge following here. Hope Aldorf and Cibelli's diks fall off.

awaiting news...not much to discuss until we have news...

No comments in 25 days. Is this dead?

What’s going on here?

Claren up 72% today.

yes would be very good

They may have other properties in Terra Nova in Austrailia??

intresting

,


Claren Energy to Pursue Spin-Off of Australian Assets



TORONTO, ONTARIO--(Marketwired - Nov. 9, 2017) - Claren Energy Corp. ("Claren" or the "Company") (TSX VENTURE:CEN)(OTCQX:TNVMF)(FRANKFURT:GLTN) is pleased to announce that it has entered into an arrangement agreement with its wholly owned subsidiary, Terra Nova Resources Inc. ("Terra Nova"), whereby Claren plans to pursue a Spin-Off of its working interests (51.49%) in two onshore petroleum exploration licenses ("PELs"), being PEL 112 and PEL 444, including a 1.47% overriding royalty interest in the PELs, located on the western flank of the Cooper Eromanga Basin in the State of South Australia, Australia.

Spin-Off Rationale

The Board of Directors and management of Claren routinely review and assess strategic alternatives available to Claren to enhance shareholder value. As part of this review, the Board of Directors and management concluded that the Bobocu License, onshore Romania, and the PELs represent independent, and distinct value creation opportunities within the upstream oil & gas exploration and development cycle, and hence their intrinsic value should be reflected autonomously.

Henry Aldorf, CEO of Claren, commented "The proposed spin-out of the PELs will allow Claren to focus on the financing and advancement of its flagship property, the Bobocu License, as well as the acquisition of other onshore oil and gas assets in Eastern Europe. During the period from 2012 to 2016 the Company's focus was the exploration of the Australian PELs, which involved detailed 3D geophysical analysis as well as test drilling. We consider that the work carried out to date on the PELs warrants further exploration and an independent company is better suited to finance the exploration of the PELs."

Therefore, the Company intends to carry out a Plan of Arrangement ("Arrangement") with Terra Nova whereby Terra Nova will be listed as a separate company on the Canadian Securities Exchange ("CSE").

Terms of the Arrangement

According to the terms of the Arrangement entered into between Claren and Terra Nova, each Claren shareholder will receive one (1) Terra Nova common share for every ten (10) Claren shares held by such Claren shareholder. Further, the warrant holders of Claren will receive one (1) Terra Nova warrant for every ten (10) Claren warrants held, with an exercise price adjusted to reflect the spin out. The share and warrant exchanges will be based on security holdings as of the date following the Annual General and Special Meeting established by the Company.

Closing of the Arrangement is subject to a number of customary conditions precedent including, but not limited to, regulatory approval of this transaction, the approval of shareholders, the Supreme Court of British Columbia, and subject to compliance with the requirements of either the Canadian Securities Exchange or the TSX Venture Exchange.

About Claren Energy Corp.

Claren Energy Corp. is an oil and gas company that has a (40%) participating interest in the Bobocu License, onshore Romania, and has the right to acquire an additional forty percent (40%) participating interest in the license. Claren also has a 51.49% working interest in two onshore petroleum exploration licenses ("PELs"), being PEL 112 and PEL 444, including a 1.47% gross overriding royalty interest on the PELs, located on the western flank of the Cooper Eromanga Basin in the State of South Australia, Australia. Its common shares trade on the TSX Venture Exchange under the symbol "CEN".

This news release contains forward-looking information relating to Claren's intentions to conduct the drilling programs and other statements that are not historical facts. Such forward-looking information is subject to important risks and uncertainties that could cause actual results to differ materially from what is currently expected, for example: risks related to oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, competition from other producers, inability to retain drilling rigs and other services, reliance on key personnel, and insurance risks.. Findings by other oil and gas issuers does not necessarily indicate that Claren will be successful in making such findings in Australia and Romania. In making such forward- looking statements, Claren has relied upon certain assumptions relating to geological settings, commodity prices, the stability of markets and currencies and the availability of capital to Claren in order to continue with the seismic and drilling programs. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Claren may elect to, Claren is under no obligation and does not undertake to update this information at any particular time, except as required by applicable securities law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Claren Energy Corp.
Mark Lawson
+1 416 366 9410
mark@clarenenergy.com

Investor Relations
info@clarenenergy.com
www.clarenenergy.com

intresting

TORONTO, ONTARIO–(Marketwired – Oct. 11, 2017) – Claren Energy Corp. (“Claren” or the “Company”) (TSX VENTURE:CEN) is pleased to provide shareholders with a corporate update. Currently, the Company is pursuing the acquisition of regional near-term producing assets in Romania.
Following the completion of Claren’s Phase I Work Program on the Bobocu gas field onshore Romania, the Company has updated its reservoir model of the Corcova, Blueray and Boomer prospects with respect to the sand quality, structure and gas saturation modelling specific to these prospects.
Claren in conjunction with its partner Zeta Petroleum will be engaging a 3rd party reservoir engineering firm in order to continue to further de-risk these three key prospects. Upon completion, and all subject to approval by the National Agency for Mineral Resources (NAMR), the Company will subsequently propose its 2018 work program.
“The further dynamic reservoir engineering work will largely de-risk the drilling of future wells at any of the selected prospects at Bobocu,” stated Henry Aldorf, Claren’s Chairman and CEO.
Claren also continues to engage potential partners to share the financial and technical risk on PEL 112 and PEL 444 in the Cooper Eromanga Basin, in South Australia.

Interesting and probably still buying. Hope they don't roll it back again and finance at 5 cents? Thanks

Not so much anymore is my guess, around 450.000$ last april

Strategy might be that whoever comes on board in Australia as the new partner will provide some cash to the company. Hopefully we'll hear something this year also as to what they are going to do in Romania. They'll need cash to proceed there as well.

What is interesting however is that Civelli has been buying shares the last months, around 1.7 million as to the filings.

Do they have any money left?

CEN stock price slowly creeping up. Has anyone heard of any new projects underway?

They still have 1 million $ in cash so bankruptcy is not a possibility here.
Probably some investor needed money and wanted out at any price...

Not sure about bankrupt, its crashing pretty hard this week

Probably investors getting out before bankruptcy is declared.

Why sudden activity today?

Roll back then 5 cent finance for them selves.

they don't have any money left to drill a second well, first extra financing is needed.

Last I heard they were talking to a Nigerian prince and preparing to drill for oil in his backyard! Or was that a Botswana diamond mine! An Afghani oil pipeline construction project? Hard to keep up with the far reaching goals of this organization! .18 in 2018, yeah!!

Well these guys seem to have disappear. They had me convinced they are going to be on the second well by now. They dug one. .missed and ran.

I guess I should be happy I am only out 700 bucks with this group as opposed to henc sown 50k

The lights been burnt out for a long time with this management! There next move 5 cent finance for the insiders. lol

2 years from now..we will see light.

How low will we go before news rescues this sinking ship? Or not? last .065!

Ya I read that today senex report April. Its kind of like the people who run the company. Thank god I went with the people who tried to change the directors of TGC. I bought there deal FTMR at 25 cents now trading almost $2.00 yahoo. It will be a big buck stock. Good Luck!

Ya I read that today senex report April. Its kind of like the people who run the company.

That well had no commercial flow. It's becoming a dud.

Ok take care.

Thanks I got some this morning.

fortem resources

FTMR

what is stbr new symbol?

we are sitting on a lot of henc I tied to buy stbr but funds had not cleared

How bout HENC?

Senex drilled on the border of cnenf pel 444. There should be news next week or soon on the 17ft of pay they hit Jasmine Seizmic zone. If that carries it will help Claren big time. STBR will be better!

I don't know what to say. Got burned on this one. Waiting for a break even exit point at this point.