From what I ready in the prospectus, it looks increasingly likely that whoever cannot front with their share of the money will be taken out by EBR. That looks like the plan as far as I can see.
I think EBR may force the issue with the nonpayers and look to default them out of the licence if they don't pony up.
Quite aggressive, or perhaps a very good bluff on the other players, to get them to hurry it up. If you can't raise money in front of a 2-4 well program, then you should give it away.
EBR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
