Claren Energy Projects

Romania

  Australia


Current Focus Area 

  • Announced farm-in JV on Bobocu license on September 1, 2016
  • Transaction represents strategy to focus on lower-risk / lower-cost exploration & development and conversion of resources to reserves
  • Bobocu is ~ 6,200 net acres in size and a proven gas resource with 33 Bcf already produced: license in good standing until Jan 2028
  • Near-term drilling catalysts with spud date of Bobocu 310 well re-completion planned in December, 2016

Australia

Retained Optionality 

• Previous management team initially pursued Australian focus

• PEL 112 & PEL 444 are large licenses that together cover 850,000 acres

• Significant time remaining on licenses which preserves optionality with very little maintenance capital.

Claren Energy Corp

Email: info@clarenenergy.com

151 Yonge Street, 11th Floor,

Toronto, Ontario,

Canada M5C 2W7

Claren Energy Corp

Email: info@clarenenergy.com

151 Yonge Street, 11th Floor,

Toronto, Ontario,

Canada M5C 2W7

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