MOG still need to raise the funds ($22.4mil) for the BH/C farmin as a "condition" for the RT acquisition. Raising those funds is the main reason he setup the RT acquisition. Btw, Albers could give us RT for one MOG share if he wanted too. He's totally calling all the shots.
Question, is the new RT deal good enough for punters to support the RI "without" MEO confirming the farmout?
My point, are we still effectively reliant on MEO's success, despite the revised RT terms.
MOG Price at posting:
17.6¢ Sentiment: Hold Disclosure: Held