Hey 62, If she's wet I don't think they will need a CR. I...

Hey 62, If she's wet I don't think they will need a CR. I daresay shell will farm in further and take over? Or someone will stump up some cash.

A CR, I believe, is more of an insurance policy BEFORE spud taken out in case Gindarra is a duster.

So no other option for a CR other than a SPP? That would be interesting. They take about a month - so they would need to announce NOW! (if not sooner!) If they are doing one.

I imagine we would all be subscribing to a SPP. Say a SPP @10c/share - with the SP rising after spud but before results of well are known? I'd be in that.

Again, I re-iterate, I wish they didn't have to do one - and I'm not "downramping" or "after anyones cheap shares". I'm just being realistic about forward planning for a bad result. Which, by the way, if NDO's past forward planning is anything to go by - they would not have thought this far ahead! (although, they need cash to pay their salaries, so they may have thought this through!)