OEL otto energy limited

Ann: Half Yearly Report and Accounts, page-4

  1. 1 Posts.
    I would have appreciated a note on the fx loss (2 mio usd) even to say its the 40 odd million in aud moved in anticipation of paying us x months ago at fx conversion ...? Given our biggest asset is arguably the cash pile versus remaining oil/gas perhaps the CFO (if we still have one) should be paying more attention to how its being deployed /held especially if payout is further delayed. In fact some clear guidance on how cash is being handled eg policy on keeping in usd vs aud would be appreciated. After all if accounts were in aud presumably their would not be the 2mio fx loss?. Ps apols if missed the fx note but on phone and looked by eye and could notnfindnot.
 
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