no big deal, page-44

Have to agree now dargie. Nothing is moving this thing. No interest or liquidity. The situation has become ridiculous.Not as if there would be nothing in it for Otto shareholders given WL is ready to go. Obviously it requires the boards of both parties to agree but that would actually mean doing something in the interests of shareholders. Highly unlikely , so we would have to rely on the likes of our large shareholders. Phil needs to take some action and take it fast. Fist would be to clarify exactly how much Galoc is producing and not rely on Otto's up and down estimates. With 30mil debt to pay back and according to Otto production down 20% no wonder investors are nervous. I've maintained for a while that the seller started when the "non core assets" were sold off for a measley 3mil. Hindsight is a wonderful thing but now you may say some of Phils decisions are bordering on iffy. IMO. We have spent near on 12-13mil so far on the indo drills, great idea at the time , not so when they are dry but that's the oil game.Not complaining about that, but, what could of that money done (12mil) in say 54A? The time to merge would be now, before baragatan and Gurita which would give Otto shareholders exposure to that (and WL) in in return for nido holders exposure to Africa and maybe 55. It's all IMO but something has to be done for the good of shareholders.