Consider Voting NO, page-52

Well, they do operate PRL21 which is potentially a material asset.

Its interesting to listen to the 2015 AGM webcast.
Several expectations voiced then haven't happened.
Oil/gas supply/demand balance projections from Wood Mackenzie, RBC, and Barclays were all too optimistic.
Additional hedging could've been taken back then at USD55/brl, but wasn't deemed worth it at the time due to aforementioned expert assumptions.
It now seems less likely or further away that OSH will need our gas.
Mitsubishi recently walked away from PRL21 for zero $.

There was an attempt (in the 2015 agm webcast) to justify management performance and remuneration.
With the sp another 50% lower now, and seemingly little progress in the last 12 months, it will be interesting to see how they spin it this year.