RE:Scamming shareholders unfortunately The short answer is 2 oil discoveries do not confirm commercially viable discoveries.
Since no flow test or DST were completed the question as to a commercial discovery is still unknown and an appraisal well would probably be the next step.
Drilling another well is an expensive gamble with no guarantee of success.
Since the Kawa well data has been available since May 2022 I am sure it has been reviewed by interested 3rd parties and hasn't attracted enough interest for a JV.
I really don't know how OYL will be able to finance their portion of a 3rd well if a new JV were to be formed unless the new partner carries them for a reduced interest in the well.
Options going forward seem to be very limited for OYL. A buyout would be the best outcome.