FWIW Number of problems .... Just my thoughts FWIW ..
General market down heavy this week.
Long weekend in Canada
Brent Crude broke below $107.00 ... That's a drop of $10.00 more or less in just over a week ... Same with WTI a drop of $10.00 more or less in just over a week
Uncertainty on sale of the company
Are there problems with Athena Wells or the FPSO BW Athena?
Remember once Athena begins to pump oil the "FPSO BW Athena" becomes under contract to Ithaca .. when this happens I believe that is a "Material Change" and must be made public.
When there was a rumour of $3.25 / $3.50 take out offer ... Brent was around $117 / $119 ... so I doubt any offer will be any where close to that price.