Great work jds! Thanks for your effort and report.
Sounds like the marines have landed.

If you have any questions, throw them out here, I'm sure you
will get some responses. They probably have already been asked
and discussed.

I guess my real question is what will the share price do when form "Effect" is complete and shows up in the filings? Will the price start to climb? Will it pop up and take off? Or will it
hang around at these levels?

Letter: Toys for Tots program a success (Feb. 5, 2009)
Editor:

The Marine Toys for Tots program that ran in conjunction with Con and Pam Crepeau, Saco Bay Rotary and Prudential Prime Properties of Saco served more than 1,300 hundred children for the 2008 Christmas season. The program could not be done without the many individuals and businesses that donated toys, money and in kind services. The committee would like the following people and groups for their time and participation in the Toys for Tots Program.

"Donations: The program would not be able to provide the full Christmas morning experience without the generosity of the following contributors: Saco-Biddeford Savings, Jackson Corner Store Inc., Roberge Construction, Melodie Provost, John D. Fecteau Jr., Corey Costello, Charles Flint, Eva W. Hamel, Saco House of Pizza, Wardwell, Home for the aging, SeaCoast RV’s Inc., People Choice Credit Union, Happy Dragon, Amvets Post No. 1, Lynne Tetreault, Paul & Maripat Brady, Dargis & Associates P.A., Elm Street Vault, Carolyn & Christopher Colpitts, Beaupre Fuels, Dana Lane CPA, Saco & Biddeford Savings Bank, Houde’s Hair Stylist, Saco Bay Rotary Foundation, St. Andre’s Health Care Facility, St. Louis Alumni, Up’N Adam, Rene Gagne, American Legion Auxiliary, Don and Mary Fleurant, Hairloft, Ray & Rachel Montpas, Claire & Ron Cote, Eileen Foster, Raymond Dinitto, Deirdre Libby, Jim Wilroy Builder, Edward Peterson, Dan Sizemore, Flotation Technologies, Hazen & Diane Hoyt, Thomas & Joanne Wells, Maine Coastal Cruisers, Dennis & Mary Beth Robillard, Saco/Biddeford Savings Bank “Dollars for Doers”,

"The following businesses were generous enough to allow the boxes at their location.

VFW, VIP, Weir’s Motors, All Smiles Dental, Beneficial Finance, Biddeford Fire Dept, Biddeford Primary School, Big Lots, Childhood Hours,Curves for Women, Deering Lumber, Dollar Tree Stores, F W Webb, James Faulkner, DDS, Flotation Technologies, Kennebunk Savings Bank,

http://blog.biddefordsacooobcourier.com/2009/02/05/letter-toys-for-tots-program-a-success-feb-5-2009.aspx

Speaking of services, we have a truck load of empty carousels
returning from the field today. They will be unloaded in the West yard shortly.

Shell's own Exploration & Production Quarterly
I wonder why the Deep Down equipment is a slightly darker yellow?

Cover and pages 4 thru 9

http://www-static.shell.com/static/innovation/downloads/ep_technology_magazine/EP_Technology_2008_3.pdf

Bottom end photo
http://images.pennnet.com/articles/ogj/cap/cap_080908ogj_dra03.jpg

March 2009 Popular Science mag cover shows an "Extreme Engineering" section, included is "Deepest Oil Well" 3.1 miles
http://www.zinio.com/express3?issue=370652361&o=ext

I am sure the regulars here will recognize the Perdido Spar
http://issuu.com/anaedu16/docs/po/44

ElsieCat, I believe you are correct in that the company has replied "timely, and quickly" to all requests and now they await
a further response from the SEC.
I do not know if this response might be a further request for information, or if the response
they await might be a Notice of Effectiveness.
That is entirely up to the SEC (imo)

I have seen some recent emails from the company, and have permission to share these quotes from one such email.
I didn't see anything in any of the company emails that imo looked like a snafu, the only problem I saw is time, we have to wait for it.
Here are some excerpts.


"XXX, if we could control the SEC, then we would be past this S1 already. But, alas, we must wait for their approval."

"Sorry to again say the SEC is in control of the situation, and the company continues to prosper in spite of the current PPS; but, that is in fact the truth of the matter."

"We wait with all of our shareholders to hear back from the SEC."

end excerpts

That sounds good JDS, keep us posted about your trip.
Where can we donate to your camera battery fund?-j/k

Thanks for the head's up valleyboi0

Oil's Well That Ends Well?
Hard assets keep their value in times of turmoil, with Mad Money host Jim Cramer.
http://www.cnbc.com/id/15840232?video=1043645539

Choice #2
Exploring Your Options
The natural gas stocks have been bent, folded, spindled and mutilated, with Mad Money host Jim Cramer and Larry Nichols, CEO Of Devon Energy.
http://www.cnbc.com/id/15840232?video=1043645803

Nice, they look like these Quick-Loc™ Cable Floats.
http://www.flotec.com/products/oceanographic/cable-floats


http://www.flotec.com/files/u1/cablefloat_1.jpg

If we can't get the company to hang today's Houston Chronicle on each piece of equipment, then I recommend the readers of this board to get to know the posters by reading back a bit.
Your trip to Houston is well documented in the iBox for all to see.

ps I will try to get Bear or Brandi in a screenshot and you can check to see if they are showing any more gray hairs around their noses ;)

More message board gossip. I noticed several trucks in the yards at Deep Down today, one of them may have left these packages..
*see enclosed photos, one with header intact as evidence said photos originated from "official" DDI cameras and not photo shop.

DPDW has stated the same, stating they have responded "timely, and quickly" during this process. I think the evidence of the updated filings is a confirmation of same.
I doubt we will see it in a press release, but an email to Steve
should produce the above response.

>Unless management reports the comments, we will never know!<

Do you know of many other companies where
management discusses publicly, comments from the SEC,
during the "quiet" period before an offering is declared effective?

Hey Sulphur! here is what they put together today. Notice the two long steel channels going from front to back?
The quickest way to build a base is with 4 long pieces around the edge then fill in the inside with short cross pieces, unless you were planning on moving that base around with a forklift, using those channels for the forks.

If they put an upright on each corner, then that piece in the forefront with the circular shaped hole could be attached to the top of the uprights. Looks like that would be a good way to
move cylinders around.

CoreTec(TM) drilling riser buoyance modules, are cylinders
some other cylinders are accumulators, pressurized tanks, etc.
I need a cat's intuition on this one ;)

This post should get you started, be sure to read the replies and the replies to the replies.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33584570

Schlumberger Q4 Earnings Call Transcript
February 19 2009

Andrew Gould – Chief Executive Officer

"Thank you, Simon. Good morning everybody. Oilfield Services full year 2008 revenue of $24.28 billion increased 20% versus 2007, driven by area growth of 28% in Latin America; 24% in Europe/CIS/Africa; 18% in Middle East/Asia; and 11% in North America. All technologies experienced double-digit growth, most notably in Well Services, Drilling Measurements and Wireline."

http://www.123jump.com/market-update/Schlumberger-Q4-Earnings-Call-Transcript/31569/

Yes that does look like a winch spool, in reviewing some recent photos, it looks like it appeared about the time they were building these steel totem poles.
#msg-35626030 I didn't find it in any of the previous pictures.

We saw them working Sunday last Sept #msg-32483896
then not again till last Sunday Feb 15 #msg-35622709
and then again this week. It's looking like they are busy
with orders.

Sunday welders working on some heavy duty frames.

"Your Oil Stocks Aren't Coming Back" 70 comments

LOL the comments to this blog must have been taken from this board
the past 2 months

-for your entertainment and amusement only-

http://seekingalpha.com/article/121680-your-oil-stocks-aren-t-coming-back?source=yahoo

pvlee, I'm sure you have seen this rule in the handbook?

"Violation of Privacy – posting of what the member believes to be any personally identifiable information (email, real name, phone, address, etc.) about another User or posting the contents of a private message. For example, if a Member posts that "XYZDownDaDrain is actually Bob Smith", whether the information is accurate is a moot point. The Member was trying to disclose personal information."

I think posting a news (link) article using his real name and his AKA would be reason for deletion. I see he has been booted
does that still count?

Good Saturday morning from the fab shop.
Enjoy the weekend all.

Okay, this is enough capitulation for me.. uncle!

What about capitulation? We need some max pain capitulation before the market for this stock turns back up.
Perhaps this cleansing is needed?

A couple excerpts from Obama's Energy Plan - Outside the Box Special Edition from STRATFOR and John Mauldin
My opinion is the 'Use it or Lose it' strategy could give the offshore drilling industry a kick start to drill and complete these offshore wells. A mad rush if you will to 'get er done' before the leases expire.


'Use it or Lose it' Lease Strategy

A U.S. congressional report, supported by Democrats on the House Natural Resources Committee, has highlighted 68 million acres "of leased but currently inactive federal land and waters" that could produce "an additional 4.8 million bpd of oil." Intrinsically, this production would decrease U.S. imports by 75 percent and eliminate the need for Middle Eastern and Venezuelan imports. The Obama energy plan would seek to boost domestic oil production by tapping this supposed wealth of untapped domestic wells that energy firms hold leases on but choose not to produce from.

The problem with this plan is that U.S. energy firms hold leases on potential wells and deposits that often require a long period of time to survey. Some underwater deposits are unable to be exploited, at least until technology is improved (which generally takes years and sometimes decades). By forcing energy companies to "use it or lose it," the government will discourage careful surveying and most likely run off the energy firms from the deposits by attempting to force them to develop currently uneconomical fields. Unless the U.S. government develops a state-owned energy company willing to tap and produce from fields for a loss, there is no point in taking leases away from energy firms.

The Alaska Natural Gas Pipeline

To boost domestic production of energy, Obama's plan would "prioritize the construction of the Alaska Natural Gas Pipeline," which would tap natural gas deposits in Prudhoe Bay on the banks of the Arctic Ocean. To get the pipeline to reach the U.S. lower 48 it would have to cross more than 1,500 miles, including the imposing Alaskan Brooks Mountain Range. The project is not new. It was proposed in the late 1960s, when the deposits were discovered, and became a popular idea during the oil shocks of the early 1970s. Today there are three competing pipeline projects being considered: ExxonMobil's Mackenzie Valley ($16.3 billion), the TransCanada project ($26 billion) and BP-ConocoPhillips' Denali project (somewhere between $30 billion and $40 billion). All three projects are financially daunting, comparable to the Soviet-style infrastructural development that aims to connect Russian natural gas fields on the Yamal Peninsula with consumers in Europe. As a point of comparison, the Yamal-Europe pipeline that ships natural gas from Russia to Germany via Poland and Belarus traverses over 4,000 miles of flat terrain and cost roughly $45 billion. As such, it is actually cheaper per mile of pipeline than either the TransCanada project or BP-ConocoPhillips's Denali project.

http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2009/02/19/obama-s-energy-plan-trying-to-kill-3-birds-with-1-stone.aspx

The Flotec expansion and the testing facility in Texas are slated to begin later this quarter. I think the weather and frozen ground are the major factors to deal with in Maine.

I would expect 3 to 6 months to complete the project in Maine.

Trueheart, The reality of the chart last Nov25 tells me nobody
cared about the $11.1 mil order (although $8.9mil of it was expected). Maybe an unexpected $22.2 mil order might do it?

And any news they might release now would be just wasted in these circumstances. The $11 million contract announcement hardy got a rise out of the market.

We can sure see what smart money is thinking,
people are going to eat and use energy.
The alternative as oil falls to $25 then $12 then $3
is that Chevron, Exxon, PBR, RIG and DPDW and every other
energy company folds and we all become gatherers of sticks for our campfires.
... i just don't see that happening at all..

These look a little shorter than the ones inside, I wonder if they may have been built at DDI North where the ceiling is a bit lower? The ones in the fab shop are getting ready for the circular hats on top today, current cameras show the circular hat sitting on the floor.

Kudos for taking the initiative frankermel.
Thanks for the post and thanks for sharing.

fab shop 8:22am Sunday, Maybe it's a rush job.
Notice the blue tensioner(frame) in the background.

No idea littlefish, the makeup of those materials would have changed also with a lower percentage of raw steel and an increased percentage of syntactic foam.
The CoreTec™, Drilling Riser Buoyancy Module was launched 1yr ago in Jan, and would use huge amounts of materials to go down
12,000 feet.

My prediction and reply still holds, 30some days and counting.
#msg-34740645

Here is a couple pounds worth, Happy Valentines day from the fab shop,

These plans go into some detail on the submerged pumps to lift the oil etc. (page 2-22 picture)
They also have some diagrams showing the turret buoy, two risers, and flexible jumpers. Not much detail there.

It is a huge .pdf download
http://www.gomr.mms.gov/PI/PDFImages/PLANS/28/28863.pdf

Inside the fab shop the welders are working this morning.
Outside we have two huge wooden crates, their tops are open.