Not to put a damper on that but the only thing that matters is cash in the bank. That's what Hunt is wanting and not something unverifiable such as somebodys opinion of their worth.
No offence but so far this "merger" is just paper shuffling until I hear from EEGC that there is actual cash money to start drilling.
As far as the Hunt think goes, I don't think it was an oversight as much as a calculated move countered by the newspaper article. If EEGC has cash to pay a bill (or portion thereof), and money to lease and refurbish Bronte Park Highland Village, then they should be able to muster up enough to at least start the drilling. (my humble opinion only) If they would have just started, PPS might have been increased enough to for folks to exercise the rights offering. (again, my humble opinion)
.....nuff sed :-)