Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » DPDW...Hurricane/Oil rig repair...Low floater (Page 17)

 - UBBFriend: Email this page to someone!   This topic comprises 21 pages: 1  2  3  ...  14  15  16  17  18  19  20  21   
Author Topic: DPDW...Hurricane/Oil rig repair...Low floater
PCola77
Member


Member Rated:
4
Icon 1 posted      Profile for PCola77     Send New Private Message       Edit/Delete Post   Reply With Quote 
Back down under $0.90...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by PCola77:
Back down under $0.90...

Good buying opportunity...LOL-Did I say that?
[Eek!]

Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
Homersbud
Member


Member Rated:
4
Icon 1 posted      Profile for Homersbud     Send New Private Message       Edit/Delete Post   Reply With Quote 
Back in at .915

HOUSTON, Dec. 18 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) today announced that it has signed a definitive purchase agreement to purchase Mako Technologies, Inc. ("Mako"). Headquartered in Morgan City, Louisiana, Mako serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.
ADVERTISEMENT


"The total cost of acquiring Mako is a maximum of $5.0 million in cash and 11,269,841 shares of common stock of Deep Down based on Mako management's expectation of $2,400,000 in earnings before depreciation, interest, amortization, taxes and other non-cash charges ("EBITDA"), after also adjusting for certain non-recurring expenses, for the fiscal year ending December 31, 2007. As part of this acquisition, Deep Down will also pay off approximately $800,000 in Mako bank debt. The first installment of $2,916,667 in cash and 6,574,074 shares of common stock of Deep Down is expected to be paid at closing within the next few days, and the balance of up to $2,083,333 in cash and 4,695,767 shares of common stock of Deep Down will be paid upon completion of an audit to verify adjusted EBITDA expectations for the fiscal year ending December 31, 2007," commented Robert E. Chamberlain, Jr., Deep Down's Chairman.

"We are very pleased to have signed the acquisition agreement with Mako, and believe this non-dilutive transaction is extremely beneficial for Deep Down and our shareholders as we continue to add products and services to our portfolio of capabilities," commented Ron E. Smith, Deep Down's President and CEO. "We believe we can significantly enhance Mako's current annual revenue base of approximately $6.8 million by expanding the equipment rental pool and ROV fleet."

"An expansion of the ROV fleet can yield benefits beyond increased rental income, including increased service revenue from two and three man ROV operating crews and the opportunity to sell additional launch and retrieval systems ("LARS"). Prospect Capital Corporation is providing $6,000,000 in debt to fund the cash requirements and expenses associated with this transaction. Terms are substantially the same as those in the initial borrowing that was concluded in August 2007," said Eugene L. Butler, Deep Down's CFO.

"With Deep Down's relationships and access to capital, we foresee the ability to expand our ROV fleet and take advantage of our customers' growing need for both planned and "emergency" offshore rental equipment in support of their growing level of oil and gas exploration occurring in the Gulf of Mexico. We also plan to expand our operations internationally," commented Jacob Marcell, Mako Technologies' chief executive officer.

About Prospect Capital Corporation

Prospect Capital Corporation (http://www.prospectstreet.com) is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital's investment objective is to generate both current income and capital appreciation through debt and equity investments.

About Deep Down, Inc.

Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project. The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems.

The Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com and http://www.electrowaveusa.com

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.


--------------------------------------------------------------------------------
Source: Deep Down, Inc.

Posts: 3026 | From: Chicago | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
classified
Member


Icon 1 posted      Profile for classified     Send New Private Message       Edit/Delete Post   Reply With Quote 
Why is it going down?!!! wtf!
Posts: 1075 | From: weeeeeeee | Registered: Sep 2007  |  IP: Logged | Report this post to a Moderator
PCola77
Member


Member Rated:
4
Icon 1 posted      Profile for PCola77     Send New Private Message       Edit/Delete Post   Reply With Quote 
Oh no! Duck and cover! [Razz]

quote:
Originally posted by Stockstar69:
quote:
Originally posted by PCola77:
Back down under $0.90...

Good buying opportunity...LOL-Did I say that?
[Eek!]


Posts: 5508 | From: Southeastern PA | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
Homersbud
Member


Member Rated:
4
Icon 1 posted      Profile for Homersbud     Send New Private Message       Edit/Delete Post   Reply With Quote 
Well that sucked.
Posts: 3026 | From: Chicago | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
Makes sense now though with the news...Yes, here it is AGAIN! Bump...

Deep Down Announces Acquisition of Mako Technologies
HOUSTON, Dec. 18 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) today announced that it has signed a definitive purchase agreement to purchase Mako Technologies, Inc. ('Mako'). Headquartered in Morgan City, Louisiana, Mako serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.

'The total cost of acquiring Mako is a maximum of $5.0 million in cash and 11,269,841 shares of common stock of Deep Down based on Mako management's expectation of $2,400,000 in earnings before depreciation, interest, amortization, taxes and other non-cash charges ('EBITDA'), after also adjusting for certain non-recurring expenses, for the fiscal year ending December 31, 2007. As part of this acquisition, Deep Down will also pay off approximately $800,000 in Mako bank debt. The first installment of $2,916,667 in cash and 6,574,074 shares of common stock of Deep Down is expected to be paid at closing within the next few days, and the balance of up to $2,083,333 in cash and 4,695,767 shares of common stock of Deep Down will be paid upon completion of an audit to verify adjusted EBITDA expectations for the fiscal year ending December 31, 2007,' commented Robert E. Chamberlain, Jr., Deep Down's Chairman.

'We are very pleased to have signed the acquisition agreement with Mako, and believe this non-dilutive transaction is extremely beneficial for Deep Down and our shareholders as we continue to add products and services to our portfolio of capabilities,' commented Ron E. Smith, Deep Down's President and CEO. 'We believe we can significantly enhance Mako's current annual revenue base of approximately $6.8 million by expanding the equipment rental pool and ROV fleet.'

'An expansion of the ROV fleet can yield benefits beyond increased rental income, including increased service revenue from two and three man ROV operating crews and the opportunity to sell additional launch and retrieval systems ('LARS'). Prospect Capital Corporation is providing $6,000,000 in debt to fund the cash requirements and expenses associated with this transaction. Terms are substantially the same as those in the initial borrowing that was concluded in August 2007,' said Eugene L. Butler, Deep Down's CFO.

'With Deep Down's relationships and access to capital, we foresee the ability to expand our ROV fleet and take advantage of our customers' growing need for both planned and 'emergency' offshore rental equipment in support of their growing level of oil and gas exploration occurring in the Gulf of Mexico. We also plan to expand our operations internationally,' commented Jacob Marcell, Mako Technologies' chief executive officer.

About Prospect Capital Corporation

Prospect Capital Corporation (http://www.prospectstreet.com) is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital's investment objective is to generate both current income and capital appreciation through debt and equity investments.

Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
Homersbud
Member


Member Rated:
4
Icon 1 posted      Profile for Homersbud     Send New Private Message       Edit/Delete Post   Reply With Quote 
I don't understand why this is going down. MAKO haven't received anything, so they aren't selling.

Company selling to help pay off the $800k debt by MAKO?

Posts: 3026 | From: Chicago | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
captain america
Member


Icon 1 posted      Profile for captain america     Send New Private Message       Edit/Delete Post   Reply With Quote 
the share structure is the same as the last time i called so i dont think there is dilution..imo

dont be shy and call for yourself.

79,402,458 0/s
11,768,790 float
490m authorized


Transfer Agent:
Cottonwood Stock Transfer Corporation
5899 South State Street
Salt Lake City, Utah 84107
Tel: 801-266-7151
Fax: 801-262-0907

Posts: 330 | From: oregon | Registered: Dec 2004  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by Homersbud:
I don't understand why this is going down. MAKO haven't received anything, so they aren't selling.

Company selling to help pay off the $800k debt by MAKO?

Maybe? Either way, I think we are OK in the long run. I'm amazed at the people who will buy and sell stocks without even looking at why they may be moving.
Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
PCola77
Member


Member Rated:
4
Icon 1 posted      Profile for PCola77     Send New Private Message       Edit/Delete Post   Reply With Quote 
That just literally made me laugh out loud.

Chart readers: Not pleased.

quote:
Originally posted by Stockstar69:
I'm amazed at the people who will buy and sell stocks without even looking at why they may be moving.


Posts: 5508 | From: Southeastern PA | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
Pcola...Glad I can make you laugh.

Some people just ride the wave. Don't even look at the charts.

I was actually referring to press releases, SEC Filings, pending news - mergers, debt reduction, outstanding float...stuff like that.

Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
GlassCrasher
Member


Rate Member
Icon 1 posted      Profile for GlassCrasher     Send New Private Message       Edit/Delete Post   Reply With Quote 
God, what happened here? I feel like I got run over by a mack truck. Live and learn. I'm becoming a trader from now on. It seems as if longs always get phucked up the a$$.

--------------------
dab

Posts: 545 | From: North Hollywood | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
Homersbud
Member


Member Rated:
4
Icon 1 posted      Profile for Homersbud     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by GlassCrasher:
It seems as if longs always get phucked up the a$$.

Yup! Going long only works in big board stocks.

I thought this was the news everyone was waiting for?? No idea...I took my losses at .87 from .915, damn.

Posts: 3026 | From: Chicago | Registered: Oct 2005  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by GlassCrasher:
God, what happened here? I feel like I got run over by a mack truck. Live and learn. I'm becoming a trader from now on. It seems as if longs always get phucked up the a$$.

Can't argue with your logic on this particular instance.

I think DPDW will be fine in the long run but hate the roller coaster ride we are currently on.


[Roll Eyes]
Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
stefan9
Member


Rate Member
Icon 1 posted      Profile for stefan9     Send New Private Message       Edit/Delete Post   Reply With Quote 
Looks like a repeat of last December
Posts: 13 | From: Boston, MA | Registered: Dec 2006  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
Nice recovery today...going back up!
Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
Just picked up more shares at .95. I couldn't resist it, it's just too dang CHEAP!
Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
BoonMarket.com: BoonMarket.com Announces Coverage of Deep Down, Inc.
4:15 AM ET - M2

BoonMarket.com announced today their renewed interest in Deep Down, Inc. (OTCBB: DPDW). DPDW has been mentioned by BoonMarket.com in the past and recent developments within the company have compelled BoonMarket.com to closely follow DPDW once again.

Don't be crazy enough to ignore the riveting insight we provide. In-depth analysis of this and other companies can be viewed through BoonMarket.com's special email alerts. You can sign up for these alerts for free (limited time only) by simply submitting your email address at the following link: http://boonmarket.com/signup.html

----------------------------------------------------

DPDW news from 12/18/07:

Deep Down Announces Acquisition of Mako Technologies

Deep Down, Inc. today announced that it has signed a definitive purchase agreement to purchase Mako Technologies, Inc. ("Mako"). Headquartered in Morgan City, Louisiana, Mako serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys.

"The total cost of acquiring Mako is a maximum of $5.0 million in cash and 11,269,841 shares of common stock of Deep Down based on Mako management's expectation of $2,400,000 in earnings before depreciation, interest, amortization, taxes and other non-cash charges ("EBITDA"), after also adjusting for certain non-recurring expenses, for the fiscal year ending December 31, 2007. As part of this acquisition, Deep Down will also pay off approximately $800,000 in Mako bank debt. The first installment of $2,916,667 in cash and 6,574,074 shares of common stock of Deep Down is expected to be paid at closing within the next few days, and the balance of up to $2,083,333 in cash and 4,695,767 shares of common stock of Deep Down will be paid upon completion of an audit to verify adjusted EBITDA expectations for the fiscal year ending December 31, 2007," commented Robert E. Chamberlain, Jr., Deep Down's Chairman.

Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
captain america
Member


Icon 1 posted      Profile for captain america     Send New Private Message       Edit/Delete Post   Reply With Quote 
Deep Down Completes Unique Installation Project
Friday December 21, 6:12 pm ET

HOUSTON, Dec. 21 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) developed a unique installation and recovery procedure for a major operator in the Gulf of Mexico that allowed a new subsea well to be brought online nearly a year earlier than would have otherwise been possible due to long lead times in the delivery of umbilicals and flexible flowlines. The operator contacted Saipem to recover a decommissioned flexible flowline Jumper and use an existing umbilical to control a new well with minimal hardware and installation costs. Saipem contracted Deep Down to develop and manage the installation and recovery procedures in approximately 2,750 feet of water, using its innovative techniques and support services, and to deploy its ancillary equipment and personnel to augment Saipem's ROV construction vessel capabilities. This work had to be performed at very fast pace.

ADVERTISEMENT
click here
Ron Smith, Deep Down's President & CEO developed and supervised the installation and recovery procedures. Deep Down used its specialized, modular, compact HDU (Horizontal drive unit), mini carousel and 5 ton tensioner to recover a 4" Wellstream flexible flowline jumper with Oilstate connectors on both ends. The flowline was shipped onshore to be cut in half. Each end was terminated with a flanged interface and successfully hydrotested.

A 2,910 foot long composite jumper, conceived by the operator, was created at Deep Down by placing the flexible flowline jumpers on each end of a 1800 foot length of spooled 4" coiled tubing. Flanges were welded on and then x-rayed. Thermoplastic bend limiters were added to the end of the flexible to coiled tubing interface along with the original bend limiters that were on the oilstates end of the jumper. Deep Down filled and tested the composite well jumper and then dewatered it with Nitrogen.

A special 30-ton, 4-track tensioner was used to successfully install and connect the composite jumper on both ends in approximately 24 hours. The purpose of the jumper was to extend an existing flowline to the new well. The installation tension was 15 tons. After the jumper was installed, the empty Deep Down carousel was used to recover the SUTA (Subsea Umbilical Termination Assembly) and 2.5 miles of umbilical towards the platform and immediately re-laid towards the new well.

"In order to provide the innovative services required by operators in deep water, we have to work as a cohesive unit with other suppliers in the pursuit of common goals. This project highlighted the effectiveness of our ability to work jointly with Saipem to deliver solutions to challenging issues that were being faced by the operator. Cooperation between Deep Down's specialized deepwater installation crews and Saipem's specialized service technicians, enabled us to safely accomplish these tasks in an expedited fashion. As a result, we were able to work in the harshest time of the year within very small weather windows to recover a jumper, install a new 2,900 foot long 4" composite well jumper, and recover several miles of umbilical, relaying it to a completely different location in three days. I enjoy working with these specialized teams to provide innovative services. Total customer satisfaction, as evidenced by the smiles on the faces of our clients when the projects are successfully completed, is everything for us," commented Ronald E. Smith.

Deep Down has in its possession a Baricon 30-ton, 4-track tensioner which is available for use in the Gulf of Mexico. Deep Down is presently booking commitments for its use.

About Deep Down, Inc.

Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project. The Company's ElectroWave subsidiary offers products and services in the fields of electronic monitoring and control systems for the energy, military, and commercial business sectors. ElectroWave designs, manufactures, installs, and commissions integrated PLC and SCADA based instrumentation and control systems, including ballast control and monitoring, drilling instrumentation, vessel management systems, marine advisory systems, machinery plant control and monitoring systems, and closed circuit television systems. The Company's Mako Technologies subsidiary serves the growing offshore petroleum and marine industries with technical support services, and products vital to offshore petroleum production, through rentals of its remotely operated vehicles (ROV), topside and subsea equipment, and diving support systems used in diving operations, maintenance and repair operations, offshore construction, and environmental/marine surveys

The Company's strategy is to consolidate service providers to the offshore industry, as well as designers and manufacturers of subsea, surface, and offshore rig equipment used by major, independent, and foreign national oil and gas companies in deep-water exploration and production of oil and gas throughout the world. Deep Down's customers include BP Petroleum, Royal Dutch Shell, Exxon Mobil Corporation, Devon Energy Corporation, Chevron Corporation, Anadarko Petroleum Corporation, Marathon Oil Corporation, Kerr-McGee Corporation, Nexen Inc., BHP, Amerada Hess, Helix, Oceaneering International, Inc., Subsea 7, Inc., Transocean Offshore, Diamond Offshore, Marinette Marine Corporation, Acergy, Veolia Environmental Services, Noble Energy Inc., Aker Kvaerner, Cameron, Oil States, Dril-Quip, Inc., Nexans, Cabett, JDR, and Duco, among others. For further company information, please visit http://www.deepdowninc.com and http://www.electrowaveusa.com

One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Deep Down urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.

http://biz.yahoo.com/prnews/071221/laf064.html?.v=30

Posts: 330 | From: oregon | Registered: Dec 2004  |  IP: Logged | Report this post to a Moderator
classified
Member


Icon 1 posted      Profile for classified     Send New Private Message       Edit/Delete Post   Reply With Quote 
OOOPS I SOLD [Wink]
Posts: 1075 | From: weeeeeeee | Registered: Sep 2007  |  IP: Logged | Report this post to a Moderator
captain america
Member


Icon 1 posted      Profile for captain america     Send New Private Message       Edit/Delete Post   Reply With Quote 
get on for another ride ..lol
Posts: 330 | From: oregon | Registered: Dec 2004  |  IP: Logged | Report this post to a Moderator
classified
Member


Icon 1 posted      Profile for classified     Send New Private Message       Edit/Delete Post   Reply With Quote 
If they keep poppin' out these PR's heck ya..
Posts: 1075 | From: weeeeeeee | Registered: Sep 2007  |  IP: Logged | Report this post to a Moderator
captain america
Member


Icon 1 posted      Profile for captain america     Send New Private Message       Edit/Delete Post   Reply With Quote 
what a connection for dpdw

Saipem awarded new drilling contracts

worth approximately USD 1.25 billion



San Donato Milanese (Milan), 20 December 2007 – Saipem has been awarded new offshore and onshore drilling contracts worth a total value of approximately USD 1.25 billion. The contracts are for the charter of the deepwater drillship Saipem 12000, along with the charter of ten onshore rigs.



The offshore contract has been assigned to Saipem by Total and encompasses the charter of the deepwater drillship Saipem 12000 for a period of five years with the option of two additional years. The Saipem 12000 drillship is under construction in a Samsung Heavy Industries shipyard in Korea and the rig delivery is expected in the first quarter of 2010. The drillship will be used for the development of the Pazflor field in Angola, starting from the time of delivery up until the first quarter of 2015.



The onshore contracts are for the charter of ten onshore rigs, eight of which are new-built units, for drilling activities in South America. The contracts have been awarded to Saipem by various oil companies for activities in Peru, Venezuela and Brazil and have an average duration of four years for the eight new-built units and of one and a half years for the two units already existing.



Saipem, 43% owned by Eni, is organised in three Business Units: Offshore, Onshore and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and the execution of large scale offshore and onshore projects and technological competences such as gas monetisation and heavy oil exploitation.





Website: www.saipem.eni.it
Switchboard: +39-025201
Shareholder Information:
Saipem S.p.A., Via Martiri di Cefalonia, 67 - 20097 San Donato Milanese (MI), Italy

Relations with institutional investors and financial analysts:

Tel.: +39-02520.34653 Fax: +39-02520.54295

E-mail: investor.relations*saipem.eni.it

Posts: 330 | From: oregon | Registered: Dec 2004  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
Thanks Captain! I did not see this before.

Also found this...

http://www.dahlmanrose.com/Content/Coverage_Group.asp

[Big Grin]

quote:
Originally posted by captain america:
what a connection for dpdw

Saipem awarded new drilling contracts

worth approximately USD 1.25 billion



San Donato Milanese (Milan), 20 December 2007 – Saipem has been awarded new offshore and onshore drilling contracts worth a total value of approximately USD 1.25 billion. The contracts are for the charter of the deepwater drillship Saipem 12000, along with the charter of ten onshore rigs.



The offshore contract has been assigned to Saipem by Total and encompasses the charter of the deepwater drillship Saipem 12000 for a period of five years with the option of two additional years. The Saipem 12000 drillship is under construction in a Samsung Heavy Industries shipyard in Korea and the rig delivery is expected in the first quarter of 2010. The drillship will be used for the development of the Pazflor field in Angola, starting from the time of delivery up until the first quarter of 2015.



The onshore contracts are for the charter of ten onshore rigs, eight of which are new-built units, for drilling activities in South America. The contracts have been awarded to Saipem by various oil companies for activities in Peru, Venezuela and Brazil and have an average duration of four years for the eight new-built units and of one and a half years for the two units already existing.



Saipem, 43% owned by Eni, is organised in three Business Units: Offshore, Onshore and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and the execution of large scale offshore and onshore projects and technological competences such as gas monetisation and heavy oil exploitation.





Website: www.saipem.eni.it
Switchboard: +39-025201
Shareholder Information:
Saipem S.p.A., Via Martiri di Cefalonia, 67 - 20097 San Donato Milanese (MI), Italy

Relations with institutional investors and financial analysts:

Tel.: +39-02520.34653 Fax: +39-02520.54295

E-mail: investor.relations*saipem.eni.it


Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
NEWS

Deep Down Delivers Deepest Rated LARS in the World
HOUSTON, Jan. 2 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) has recently delivered what is believed to be the deepest class rated Launch and Retrieval System ('LARS') in the world. The 4,000 meter rated LARS was specially designed for subsea load handling, lifting and tensioning, and launch and retrieval of specialized undersea equipment, including Remote Operated Vehicles ('ROV'), in ultra-deep and harsh subsea environments. Special functions include auto-variable speed control (load dependent), wire spooling and guide systems, grooved drums, emergency release capabilities, gravity lowering, emergency hoisting abilities, and a water-cooled drum to reduce heat on the umbilical, among others. The safe working load of the LARS is 28 tonnes, and the system is capable of delivering payloads at speeds of up to 76 meters per minute. Another unique feature of this LARS is the specially designed wraparound level wind sensor system which allows for more sensitive yet smoother operation in rugged, high-load, ultra-high deepwater applications. Deep Down plans to secure a patent for this very important feature. The 4000 meter LARS was sold to Perry Slingsby Systems, Inc. ('Perry') for integration with their new 4,000 meter rated ROV. Perry has produced more ROV systems than all other manufacturers combined.

Perry sold this system to Veolia ES Special Services, Inc. ('Veolia') which has placed the system on their newly-built state-of-the-art DSV MT-6016 vessel, named the Swordfish. Designed with cutting-edge technology, the new ship was custom-designed to allow Veolia to take on more complex subsea construction and dive-support projects. The Swordfish also has a Deep Down 3,000 meter rated LARS leased to them with a Perry ROV. A second 4000 meter rated LARS is expected to be delivered to Perry as soon as factory acceptance testing has been completed. The second LARS will also be sold to Veolia with a Perry ROV. Deep Down expects to sell additional LARS units of this class with an average minimum sales price of approximately $1.4 million each, depending on individual custom-engineered features and capabilities as requested by our clients.

'It is exciting to know that the new Flagship for Veolia, the Swordfish, is set up for ultra deepwater environments and will have two Perry ROVs and two Deep Down LARS to help them accomplish their more challenging deepwater tasks. 2008 looks to be a very promising year, and our goal is to provide the best support possible to our clients, helping them meet their deepwater challenges with greater confidence,' said Ron Smith, Deep Down's CEO. 'We will continue to use proprietary-built state-of-the-art equipment (and third-party equipment such as the Baricon 30-ton, 4-track tensioner), engineering, and custom-developed installation and retrieval management systems to deliver cost-effective solutions, thereby distinguishing ourselves as the premier 'first call' for our clients when confronted with a variety of challenges in ultra deepwater and harsh subsea environments', he continued.

Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
woswill
Member


Rate Member
Icon 1 posted      Profile for woswill     Send New Private Message       Edit/Delete Post   Reply With Quote 
Got back in earlier =)

--------------------
DPDW

Posts: 114 | From: fruit city | Registered: Aug 2007  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
Another find....Looks like we are revving up for a GREAT 2008.

http://www.rigzone.com/

Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
classified
Member


Icon 1 posted      Profile for classified     Send New Private Message       Edit/Delete Post   Reply With Quote 
LOOKIN' GOOOOOOODDDD!!!!!
Posts: 1075 | From: weeeeeeee | Registered: Sep 2007  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
Talking heads were talking about oil service sector stocks this morning. Didn't mention our baby DPDW but the sector in general should be hot as more drillers need more equipment for deep sea exploration.
Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
DPDW is moving nicely today but I probably cursed it now. [Roll Eyes]

Actually with the year end tax sellers out of the way and the nice PR's recently and to come we should be moving a lot higher in the coming months.

Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
woswill
Member


Rate Member
Icon 1 posted      Profile for woswill     Send New Private Message       Edit/Delete Post   Reply With Quote 
I averaged up, would like to see this retest those highs a couple months ago

--------------------
DPDW

Posts: 114 | From: fruit city | Registered: Aug 2007  |  IP: Logged | Report this post to a Moderator
classified
Member


Icon 1 posted      Profile for classified     Send New Private Message       Edit/Delete Post   Reply With Quote 
AWESOME!!!!!!! I'd like to see it break that resistance though.
Posts: 1075 | From: weeeeeeee | Registered: Sep 2007  |  IP: Logged | Report this post to a Moderator
woswill
Member


Rate Member
Icon 1 posted      Profile for woswill     Send New Private Message       Edit/Delete Post   Reply With Quote 
wow..

someone just unloaded a ton of shares

--------------------
DPDW

Posts: 114 | From: fruit city | Registered: Aug 2007  |  IP: Logged | Report this post to a Moderator
Stockstar69
Member


Rate Member
Icon 1 posted      Profile for Stockstar69     Send New Private Message       Edit/Delete Post   Reply With Quote 
Getting harder and harder to push it's way up.

Someone is flipping...or selling outright but they will be sorry.

Posts: 2498 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
  This topic comprises 21 pages: 1  2  3  ...  14  15  16  17  18  19  20  21   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2019 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share