I have been reading about Subsea resources, and I will be keeping an eye on the stock, as their first salvage operation is imminent, and it will be interesting to see what level of sucess they can achieve, measured against their expectations.



SubSea Resources has been formed to salvage cargoes from cargo ships that have been lost in deep water. Only a handful of wrecks have been salvaged in water depths exceeding 1000 metres, whereas hundreds have been worked on in depths down to 300 metres. The barrier to deeper work has been a lack of technology, which is now available mainly due to developments in the offshore oil and gas industry.

Sonar scan of wreck

SubSea Resources has identified at least 70 commercial salvage targets and has identified twenty major target vessels containing cargoes with a gross value of over $450 million (based on recent LME metal prices and contemporary lading records). In the first phase of the companys business plan it aims to raise the cargoes from six of these vessels over the next three years.


In addition, it is anticipated that certain historic cargoes may be integrated with the commercial salvage operations. Some of the historic targets have potential values of many millions of dollars each, bringing the combined value of identified historic and commercial targets to well over $1 billion.




Initial Salvage Targets

SubSea Resources has an initial programme to salvage the cargos of six commercial wrecks in the period to 31 March 2008. The gross value of these six wrecks is estimated at US$180 million.

The wrecks allow for a mix of weather conditions - allowing for both northern summer and winter working conditions. All wrecks are in international waters and all of the cargoes will be recovered through contracts with the legal owners. The water depths range from below 1500 meters to 5000+ meters.




Corporate website : http://www.subsearesources.com/index.php

Can't have Jaques Cousteau, he's not a notorious Pirate.

One other thing, they are all dead, but that won't be a problem

Davy Jones is perhaps the most apt of all ..... derivation on request!

How about Sinbad!

Popeye is free....

So is Mr Humphreys.....

I hope you lot are not going to start on gay pirates now!!!
& you are not taking soult's investment very seriously - Heaven knows how many pieces of eight he's got invested in this one.:o)

for sure he has had to pawn his wheelchair and blanket

Pugwash!

don't forget Master Bates!

Seaman Stains

Yes Captain?

Roger the Cabin Boy.

Yes Captain.

No, not roger the cabin boy...........

Splicethe Main Brace but watch out for Rum Bum & Baccy

Pirate Christopher Rowe has walked the plank.

Shiver Me Timbers.........

Enough of thsi silly stuff, I'm now going to splice the mainbrace.

Later.

Pirate Christopher has *what* his plank?