Jeruk could be a "company maker" but it is taking longer and...

Jeruk could be a "company maker" but it is taking longer and costing more than originally expected to prove up reserves. They have some other good areas and should be ok medium/long term. The Todd family's underwriting of this and other rights issues probably shows they think it is cheap (and taking up the rights is a convenient way of increasing their shareholding outside of the usual ASX creep provisions).
I have played in the stock a few times, but don't like being involved in anything Santos related given their move to quarterly updates rather than weekly drilling reports. A well like this may not mean much to STO but has huge ramifications for a company like CUE. I think the shift in STO reporting of drilling shows a degree of arrogance to the market.
Good luck in CUE, if they can prove up the Jeruk reserves (and if STO bothers reporting it) there could be significant upside.