Thursday, January 12, 2006

Investing in Ocean Treasure Hunters: Odyssey Marine Exploration


Company profile (from Yahoo Finance):
Odyssey Marine Exploration, Inc. engages in the exploration and recovery of archaeologically-sensitive deep water shipwrecks worldwide. Its active projects include SS Republic, HMS Sussex, the Concepcion, the Seattle, and the Blue China. The SS Republic, a sidewheel steamer lost in deep water in 1865. The company engages in the location, recovery, conservation, and marketing of artifacts and cargo from colonial-period British warship, HMS Sussex, which was lost in a storm in 1694; the Concepcion, a shipwreck that sank during the early eighteenth century; and the Seattle, a steam ship that sank after the Civil War. The Seattleā€™s cargo included approximately 48,000 troy ounces of gold. The Blue China wreck, which was discovered during Odyssey's 2003 SS Republic project search operations. The site is believed to be a merchant ship from the late 1700's or early 1800's carrying trade goods. Odyssey Marine is headquartered in Tampa, Florida.

Ticker - AMEX: OMR

2 Comments:

At 12:44 PM, Anonymous Anonymous said...

Love the company....if only the Spanish were more cooperative....we could get started on the Sussex.

 
At 10:50 PM, Blogger Habitat ecologist said...

Thanks for the comment. I was not aware of the political hickupps. Is the info at this site correct:
http://www.andalucia.com/history/hmssussex.htm

 

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