Otsana are the dealmakers. The directors would just meet and discuss any proposed transaction with them and sign-off. The director's forte is o&g, hence why they got Otsana in for the change of direction.
If there's one thing about shells that holds true, it's that you never know what you're going to get when they come out of TH. Some of the real lesser-known shells with even less known directors have pulled some fantastic deals off, while others you would perhaps expect bigger and better things from have failed to set the market on fire.
Just remember to read the terms of the acquisition carefully and add-in the vendor shares plus any other consideration etc to arrive at an accurate diluted mc FRY was a perfect example of what looks like a great acquisition but the vendor terms and future CR implied a $30M mc when they came out of TH, hence there wasn't much room for the sp to move up.
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