Claren Energy to Pursue Spin-Off of Australian Assets

Toronto – November 9, 2017 – Claren Energy Corp. (“Claren” or the “Company”) (TSX-V: CEN) 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 …

Claren Energy Provides Corporate Update

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 …

Claren Energy Provides Corporate Update

Toronto –February 21, 2017 – Claren Energy Corp. (“Claren” or the “Company”) (TSX-V: CEN) is pleased to provide a corporate update to shareholders. Claren has completed its wellsite operations on the Bobocu 310 side-track well, onshore Romania. The Company completed cased-hole well tests on the Lobe G and Corcova sandstone reservoirs and also tested Lobe H above Lobe G.  The …

Claren Energy Provides Additional Operations Update

Toronto – January 24, 2017 – Claren Energy Corp. (“Claren” or the “Company”) (TSX-V: CEN) is pleased to provide a further wellsite operations update. In order to prepare the Bobocu 310 side-track (“B310-ST1”) for well-testing operations, B310-ST1 has been cased, cemented, and all surface facilities installed at the well-head in preparation for testing. The MR-8000 drilling rig has been released. …

Claren Energy Reaches Total Depth on the Bobocu Side-track Well

Toronto – January 17, 2017 – Claren Energy Corp. (“Claren” or the “Company”) (TSX-V: CEN) is pleased to announce that the Bobocu 310 side-track well (“B310-ST1”) onshore Romania has reached Total Depth (“TD”) of 2,765 meters (9,071 feet). B310-ST1 has successfully drilled through the Lobe G sandstone and the Corcova sandstone which are Upper Miocene reservoirs. Lobe G was penetrated …

Claren Energy Provides Drilling Operations Update

Toronto – January 9, 2017 – Claren Energy Corp. (“Claren” or the “Company”) (TSX-V: CEN) is pleased to provide an update on its current drilling operations at the onshore Bobocu gas field, situated in the foreland basin of the Carpathians approximately 150 km NE of Bucharest. The Bobocu 310 side-track well (“B310-ST1”) is primarily targeting the Corcova reservoir, Lobe G …

Claren Energy Closes Final Tranche of Private Placement

Toronto – December 22, 2016 – Claren Energy Corp. (“Claren”) (TSX-V: CEN, OTCQX: CNENF) is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement financing (see news release November 30, 2016) by issuing a total of 2,512,500 units (the “Units”) at a price of $0.08 per Unit for gross proceeds of $201,000 …

Claren Energy Closes Second Tranche of Private Placement

Toronto – December 16, 2016 – Claren Energy Corp. (“Claren”) (TSX-V: CEN, OTCQX: CNENF) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement financing (see news release November 30, 2016) by issuing a total of 15,096,500 units (the “Units”) at a price of $0.08 per Unit for gross proceeds of $1,207,720 …

Claren Energy Commences Drilling the Bobocu 310 Side-track Well

Toronto – December 12, 2016 – Claren Energy Corp. (“Claren”) (TSX-V: CEN) is pleased to announce that drilling operations have commenced on the Bobocu 310 side-track well (“B310-ST1”). B310-ST1 is being drilled within the onshore Bobocu gas field, comprised of 25km2 (6,200 acres), situated in the foreland basin of the Carpathians approximately 150 km NE of Bucharest. The field was …

Claren Energy Closes Initial Tranche of Private Placement

Toronto – December 6, 2016 – Claren Energy Corp. (“Claren”) (TSX-V: CEN) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement financing (see news release November 30, 2016) by issuing a total of 9,950,000 units (the “Units”) at a price of $0.08 per Unit for gross proceeds of $796,000 (the “Financing”). …