spp uptake level, page-56

Bubsmark

Shortfall Placement
In the event that less than 600,000,000 Shares are applied for pursuant to this Offer, the shortfall may be placed at the discretion of the Company’s directors.
Keep in mind that this SPP really has become necessary as a result of the success of S-1H and Halcon wanting to accelerate the fourth well and stuffing up managements' financial programme.
In asking for $6 million, they really don't need all of that that just for their share of the fourth well and they still are making overtures for that $40 million deal that will underpin their immediate and mid-term financing future.

From what we read from other more learned posters, it would seem that that fourth well in this programme is as far as it will go for the foreseeable future and that they won't NEED anything above the cost of their share of that fourth well as a priority.
Again, prefer to see the outcome before we can contemplate any further.