All this is well and good. But at some point an oil exploration...

All this is well and good.

But at some point an oil exploration company should..well...look for oil?
Until there is some effort to actually realise assets, they simply have a lease on a big bit of dirt. And it seems their business is trying to sell the lease on dirt to someone else, whilst capital raising to maintain lifestyles.

Those managing the company are definitely smarter than me, I have to work for a living!

And to be honest there is a lot of dirt in that part of the world that "may" have hydrocarbons there. And some of it, if not cheaper to acquire, no doubt comes with a lot less strings attached.

However, best of luck to everyone involved! (I've bailed, so expect the share price to rocket next week )