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Re: shanon1 post# 2334

Friday, 03/07/2014 9:05:51 AM

Friday, March 07, 2014 9:05:51 AM

Post# of 3402
The archaeological excavation, valuable cargo recovery and ship-board conservation will be conducted and underwritten by Odyssey. In return, the company will receive 80% of recovery proceeds until a fixed mobilization fee and a negotiated day rate are paid. Thereafter, Odyssey will receive 45% of the recovery proceeds. Odyssey is presently preparing its recovery vessel, the Odyssey Explorer, to begin work on the site in April utilizing the company's equipment and personnel.
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