Bilo, you have to run with what you think and the depth of the research available.
In my view only, from all that I have put together and conversations, the boys know what they have at 105, its a success, as such they are not concerned about a CR to save the company, they are doing a CR to cover extra costs of the two drills plus the second well at 105 which is well advanced in its planning.
Both 105 and 120 will be finalised this week barring weather/mechanical issues so there is no time to have a CR prior to the big news. Any CR will be on the basis of success at 105 and whatever comes for 120.
NEN Price at posting:
39.5¢ Sentiment: LT Buy Disclosure: Held