Regardless of the outcome of O2 i think a round of applause is due for our Managing Director, Mr John Heugh. He copped a fair whack of criticism over the RI and handling of the JV issues. To date he has proven the critics wrong. We have witnessed the actions of an MD with the best interests of shareholders at hand. He has dealt with the JV issues, (i feel the ROG issue will be clarified soon). Most other companies with a well currently being drilled, or another pending announcement that is price sensitive, will usually see strong selling/buying prior to announcements, not this co, good to be aboard a nice tight ship. JH is slowly but surely proving his worth and the criticism seems to have dried up a bit of late. The disclosure, updates, actions etc. from the time of the RI being announced to date have been first class. There have been times when silence has been criticised, yet in hindsight it has been in the best interest of all involved.
Well done John!
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