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Opera versions and updates

I just received notification regarding an update for immediate installation to update my Opera installation. Opera shows that I'm on v5.0.4.2/15 but the lowest level listed for the patches start at v5.4.2. We installed Opera in June, 2015 and should have been the latest release at that time, how could it possibly be this far out of date? This is the first patch notification I've received. Will applying one of these patches get me to current version?
Interestingly, I also had a security assessment done this fall that noted that my Oracle Web Apps version was EOS years ago. Why is Oracle installing old crap? Does anyone know if it's possible to update it?
Thanks,
Herb