Claren Energy Corp T.CEN

read the release- 3 from last release +2

[naga00]

equals 5 with a total average of 7100 bopd @ 2/3 choke- with another 3 to be completed by end of August!
I think earning will be out around the 15th- 16th like last year.  I hear via a source that cen.to will drill another 8 wells for the balance of 2011 in the same area!  We truly have the potential of easy 30,000 bopd exit rate for 2011~ in addition they get around $5 less than "brent" pricing- It is a Middle East bench mark!  I also know that during 2nd q that there was NO down time so we got 90 days of say 10,500 bopd and say 90 days @ say $95 average- should be around 85-90 million in rev for the quarter- I'll bet with the other expenses and hedges that they earned .30+!! let us not forget the heavy insider buying!
Gentlemen and Ladies- we go higher!
think it is the cheapest oil around + i really like the numbers on pbn.to- this one is super cheap as well, but coastal steals the show as well