It's a terribly written update. Typos, vague descriptions, and difficult to read.
Originally, I liked Otto's tersely styled reports because they were to the point - oil stock followers can sometimes read too much into these reports. But now I'm worried that they are treating Australian shareholders with contempt. The company has 'lost it's voice'/trustworthyness in hastily written 'updates', and with delayed wells. Also, the share price slides well before shareholders get to learn the news (Mustang, and now this well).
OEL have one job - to keep shareholders informed. They're struggling to do this. And on plump salaries, too.
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