Very happy with this update. The chances of a CR were real but...

Very happy with this update.
The chances of a CR were real but are cleared for now.
THe company needs to make sure they carry out an efficient upgrade in Q3/4 or they will just be kicking the CR down the road to early next year.

The interest payments of ~$95k are well worth the money if they can execute properly given the strength in oil prices which will hopefully hold up for a while to come. Company seems to have a good relationship with Cooper Energy too which could lead to further synergies going forward.