I am always amazed at individuals that are completely clueless as to what they are investing in. Let me try to simplify. You are in a very speculative oil and gas exploration penny stock. As if waking from a deep sleep ,you are shocked that there is no production and they are raising money while seeking partners. Do you understand that if you are seeking producing companies with a long track record of success---it will cost more than 10 cents a share. If you prefer companies at a different risk level ,then invest in them. This investment is a speculative one with a significant risk of failure---however with tremendous potential assets.

Beetaloo is a larger resource than Mako and at this point does not reveal technical challenges like extreme pressure and temperature. Exxon took a swing even with these challenges in Mako. It is extremely likely that deep pocket partners will sign on in Australia.

Clearly this level of risk and uncertainty is not for you. If you stay invested ,you will lose your mind focusing on all the risks"but what if"----time to move on to safer ground. Good luck.