Upcoming JRI-Invictus Webinar Questions, page-644

Imo the only thing that will push the sp in a meaningful way is an announcement that they intend to drill MK2 asap.
A 3d program with the associated wait for it to be shot, interpreted will be minimum 6 months imo.
Problem with 3d is what will it cost? 4 to 6 million??
Thats potentially half our cash.
I believe, if 3d is happening, that there will be a smallish cr, enough to cover 3d + extra casing ECT.
Problem with all the above is any cr now will likely be at 10c or below as 3d is not as sexy as drilling.
I think SM is in a bind a bit.
If he didn't ring around service providers prior to sacking BH, I'd be staggered if he didn't, I can see no earthly reason not to drill a well based on the quasi 3d we currently have and announce a discovery asap.
Every other option will see very lengthy delays and the sp will not withstand that imo.