What am I missing here??. Rite from the get-go i have always wondered why Ithaca's parteners in the Athena Field,Dyas,UK(47.5%),EWE Energy,(20%)Zeus Petroleum,10% never took a run at Ithaca's share of the Athena field.
Standard procedure in these deals is the RIGHT of FIRST REFUSAL.This gives parteners in a consortium the first crack at buying a company out, if that company puts itself up for sale.
IAE's 22.5% of Athena is Chicken Feed and one would think that the least the other three parteners could do is pool their money and buy out Ithaca's share. There is more return of capital if the Pie is cut three ways instead of four.