MOG have to raise minimum $18.9mil for their farmin commitments...

MOG have to raise minimum $18.9mil for their farmin commitments otherwise everything unravels including the RT/Artemis acquisition.

~$4mil has been raised so far, so that leaves ~$14.9mil more required to meet the minimum total

If they fail to achieve that, your RI payment is refunded to you without deduction.

I think if there is a shortfall, they will place it with Morgans or Patersons, but not sure if they would offer it at a lower price than 18c or with sweeteners like attached options. Depends on the situation at the time

Its worth reading Hawkestones contract with Songa Venus.
If Albers pulls out of his 2 well contract, I estimate it will cost him ~$8mil in penalties.
Therefore he'll do whatever it takes to get his funding imo.