Albers has the money stop kidding yourselves. He is already funding over 50% of the Cornea well. All the companies with an equity interest are his affiliated companies, where he either has a majority stake or full ownership. There was no reason for him to put Rankin Trend under MOG, other than to set the SP on fire with the euphoria surrounding Artemis. This would enable him to share the costs of the wells with the public. He is already funding the majority of both wells, which is a clear indication he has no intention of losing these permits. The money will be raised, its as simple as that. E.G Albers has cash floating around all over the place. He banked ~$30 million from the sale of his MEO shares and has estimated networth of $70-100 million. Albers is also the majority shareholder in companies like Octanex who are cashed up.
Do you really believe that after contracting a rig, he is going to let everything fall apart? It does not matter how the money is raised, as long as it is raised and Albers will see to it this happens.
MOG Price at posting:
17.5¢ Sentiment: ST Buy Disclosure: Held
