Claren Energy Corp is a Canada-based company engaged in the acquisition and exploration of petroleum and natural gas properties. The Company's geographical segments include Canada, Australia and Romania. It holds interest in onshore petroleum exploration licenses (PELs), including PEL 112 and PEL 444. Its PEL 112 consists of over 1,090 square kilometers and PEL 444 consists of over 1,170 square kilometers. Its properties are located on Western flank of the Cooper-Eromanga Basin in the northeastern sector of the state of South Australia. The Bobocu gas field is located in the foreland basin of the Carpathians over 150 kilometers North East of Bucharest, Romania.