Claren Energy Corp. (TSXV:CEN) entered into an agreement to acquire remaining 60% stake of Bobocu Production License, onshore Romania from Zeta Petroleum (Romania) S.R.L for €0.06 million on March 21, 2019. The company made an initial €0.02 million to Zeta. As at July 31, 2019, Claren Operations had made cash payments of €0.06 million to Zeta. Upon closing of the acquisition, Claren Operations will hold 100% interest in the Bobocu Production License. Closing of the agreement is subject to a number of customary conditions precedent including, but not limited to, approval of the National Agency for Mineral Resources (“NAMR”).