Brian, I believe this is what is referred to as a "pregnant pause."
I just looked into the website to try to guess at when the RJ report will come out with the reserves update. There was nothing in 2009, but in 2008, the NR came out on July 23rd. I believe that if it is extremely positive, we should start seeing upward pressure on the SP approximately 7-10 days before that date, so I think we have until at least July 10th to watch the paint dry.
Here's a link to the 2008 NR:
http://www.connacheroil.com/en/investor/cll-2008-07-23.pdf
Incidentally, I'm not sure why CLL has been criticized in the past for not being very forthcoming with news. When you look at all the press releases in 2009 and to date in 2010, the page is a lot more full than a lot of other companies.