I have seen occasional CRs above a temporally depressed stock price in the past. I would be happy to see a "significant field development" CR at say 15cps. This circa price would support the oppies as well (and may give cred to subsequent conversions). This such supposed CR above a lower SP - would possibly imply some very positive news is bubblin to the surface......
I remain positive on acceptable oil flows eventuating.....in time.