Claren Energy Corp. (
TSX: V.CEN,
OTCQB: CNENF,
Forum) today provided shareholders with a corporate update of recent operations. Further to a previous release on
January 17, 2017, the Company announced that the Bobocu 310 side-track is being prepared for well-testing operations. B310-ST1 has been cased and cemented, and additional surface infrastructure has been installed.
Claren plans to complete drill stem tests (“DST’s”) on the Lobe G and Cordova sandstone reservoirs. Also, the Company will test the gas sands above Lobe G, K, J and H more cost effectively. Further information can be found
here.
Claren was recently in the news earlier this month when it provided an initial update on
progress on the Bobocu side-track well.
The Company has 59 million shares outstanding and a market cap of $11.6 million.
FULL DISCLOSURE: Claren Energy Corp. is a paid client of Stockhouse Publishing.