The RI would be supported if the Rankin Trend/Artemis...

The RI would be supported if the Rankin Trend/Artemis acquisition was made unconditional.
Otherwise, there is significant downside risk for shareholders if the minimum funding is not raised.
If the RI falls through, Albers has to pay for his own BH/C drilling, which perhaps he is prepared to do considering he then keeps his 15% of Artemis, undiluted

One upside is this. Albers companies such as BAS,MOG,EXX rely on annual/bi-annual cap raisings to keep them afloat.
If this particular RI falls over, it would be a high profile failure for him and make future cap raisings difficult.
For that reason I would hope he has a plan to absorb any shortfall in the RI.