Ann: NZO: AMADEUS OPERATIONS UPDATE 11 MAY, page-5

I think a CR is possible too. NZO are covering the well costs but now with cost blowouts they will likely reach the free carry cap which means CTP will need to start chipping in. The extra lateral in PV-12 was also not in the budget. To be $3M over while still in the tophole section of the first well isn't a good sign for the eventual cost of the program.

CTP isn't generating enough OCF to cover it, even at current elevated gas prices. They have cash on hand but it wouldn't leave much leeway. So a CR wouldn't surprise me. They may wait until after they hit the primary target in the Arumbera though.