OEL 0.00% 1.3¢ otto energy limited

Talitha-Alaska, page-555

  1. 6,609 Posts.
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    Yes, very clear that he is of a different calibre. However, that experience is in much bigger companies. Woodside wouldn't announce this spud, as it isn't super material, but every junior on the ASX would. There is no air of transparency yet, imho. In addition, the rest of the team all existed when poor decisions were made around GC21, capital allocation and hedging. I expect contemporaneous newsflow befitting of a junior oiler. A quarterly should just flesh out what we already know. Has Talitha spudded yet? According to the ASX - no. Not good enough. The lack of comms around Talitha is indefensible at the moment. The share price may have gone up 30% on 'no news', but how would you feel if it went the other way and you read in the quarterly that something material had happened this week? Management are not gods and they are certainly not performing at this stage in terms of comms and investor engagement.
 
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