Your sources are giving you a very different story than some of ours. Review the posts detailing the massive interest in Australian unconventional gas and use some common sense. The interest in Beetaloo would be there regardless of ownership .As other posts have addressed --major shareholders and MAB will not let 5 million dollars stop this project.The private placement must be examined on its merits.There may be little interest in paying one dollar per share plus warrant versus 0.18 pps for Falcon or 3 cents per share for PHUN. But to imply that rental leases will doom the project is hilarious. To imply that no JV is possible, no 5 million dollar loan is possible, or no equity raise at a reduced pps is possible means ".The sky is falling!"

Certainly Burlingame and other major shareholders could heed your advice and liquidate at all costs--heck 2 cents is better than nothing -right. "The night of the long knives."Of course they could assist obtaining 5 million in financing and perhaps have a 300 percent gain overnight with good test results.

It is a speculative play--that is why it only costs 18 cents per share.It may indeed fail and be a horrible investment---but not because the well will not be tested--look for summer testing.