RE: RE: RE: RE: RE: RE: RE: Oil down $3.47 Ithaca, or whoever buys Ithaca will be able to get all of Athena's oil. P1 may not have a high rate, but all the wells combine will be able to access all the oil reserves, as they said FULLY produced. From the NR:
The production data that has so far been obtained from the field indicates that the anticipated sweep of oil within the
reservoir is likely to result in the reserves attributed to P1 being fully produced by the well in its current
production condition, supported by recovery from the other wells on the field.
This is why there is still a strong possability of a takeover attempt. But next time we wont know anything until its a done deal.