How much does this unnamed partner need to come up with?
Suppose the well was 1.2 mill, he still owes $400,000. (This doesn't include the cost overruns from the frac?.)
From what I've heard, there are two options. The other two parnters COULD force him out, or graciously give him the chance to come up with the funds. If the other two are confident that he has the ability to get financing, and have agreed on a timetable to do this, this grace upon grace is a great testimony to the integrity of those involved. Doesn't the Good Book say, "There is a brother who is closer than a friend."?
WC2
