RE: RE: Hurricane spud Ithaca has lots of proven oil, no debt, substantial tax losses accrued, and now thanks to recent government changes a much more favourable tax structure on its potential fields, and in September Ithaca has numerous (?5) parties whose standstill agreements will terminate, then a public bid at 3.25 will come out, question is will the BoD be proactive and field a bid beforehand.... it will be a long summer.