Claren Energy to complete Bobocu gas field license takeover – Romania, 2 December 2016

Canadian company Claren Energy (former Terra Nova Energy) announced that it is about to complete a non-brokered private placement financing of 25 million shares at the price of 0.08 dollars/share, totaling 2 million dollars.
Press release from the company said that the proceeds from the offering will be used to carry out the company’s phase two work program on onshore Bobocu gas field in Romania and for working capital purposes. Claren Energy can acquire up to 80 % participating interest in Bobocu gas field license in Buzau County, after the license holder Zeta Petroleum announced that it has no funds available to finance its future operation in the region. According to Claren Energy, Zeta Petroleum has agreed to lease up to 80 % of share in its Bobocu license in exchange for 2.08 million dollars and the implementation of drilling program.

Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)

Subscription fee: 800 EUR annually – company licensed

  Start free trial


Tags: , , , , , , ,
Product updates
Popular Posts

"Energy NEWS" service, HUPX forecasts (Day ahead, Week ahead, Month ahead), Country Reports on Energy Business

 

Balkan Energy NEWS service exists for over 10 years, and during that period, we earned trust of major European utilities, generators, traders and investment banks. We do not preserve good quality of service – we are constantly improving it, in order to always be one step ahead, and justify trust of our customers with quality.  Our trademark service is "Energy NEWS service", created as a response to expansion of energy market in South East Europe, with a goal to provide current and future market players with data and information for investments in energy sector and electricity trade.

Through our products, we cover countries of South East Europe: Albania, Bulgaria, Bosnia and Herzegovina, Croatia, Greece, Hungary, FYR Macedonia, Montenegro, Romania, Serbia, Slovenia and Turkey. We also publish news articles from Middle East, Eastern and Central Europe, when of influence to SEE

Balkan Energy products:

 

"Energy NEWS" service

  • PDF: SEE+Hungary Energy Daily: published 3 times per week (45-50 pages per edition)
  • PDF: Balkan Energy NEWS publication: published 2 times per month (90-110 pages per edition) + excel files<
  • Web portal: Database access to all published news articles, with date/country filters and search by keyword (+200 EUR annually on PDF subscription price)
    • In addition to being most complete and most affordable energy service for SEE, it is also company licensed with unlimited number of users.

     

    Month ahead forecast: HUPX and SEE Trading Tool

    Month-ahead report on HUPX price forecast, containing daily HUPX base price forecast, info on maintenance of generation units and many other useful information for electricity trading  in Hungary and SEE.

     

    Country Reports on Energy Business - All need-to-know energy info in one report!

    Country reports provide comprehensive overview of electricity sector for countries of South Eastern Europe. At the moment we have available up-to-date country reports for Bulgaria, Romania, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Serbia and FYR Macedonia.

    For each country, our reports give description and data on:

  • General description of the electricity market
  • Consumption, production and export characteristics
  • Actualities – hot topics
  • Market liberalizations, electricity prices and tariffs
  • Key market players
  • Legislation and electricity market opening
  • Potentials for investments in power generation
  • Analyses of seasonal export/import trends
  • Detailed analysis of Cross Border Capacities

    • Country reports are updated every three months. For each ordered report, you will receive updates during one year period, free of charge. For ordering all of the reports together, additional discount can be applied.

    Recent PDF Publications

    Site Archives