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ha ha. your ears must have been burnin! we were waiting for you to jump in all night! good stuff.
Good night and rest easy my good gents. Alas, I must take my leave of you for tonight, but we shall sleep soundly like babes in the knowledge that Puppet Masters Smith, Butler and Chamberlain are at their controls. Good heavens, if they deign to read any of this drivel, they may bust their guts laughing.
Best to all,
your,
Mystic Krewe
it sounds like it may not be a stretch to say Proteus was the business plan.
From the 7/06 JOIDES minutes
Looks like it may have been officially documented here first.
http://joiserver.joiscience.org/sodv/downloads/monthly_status_rpt/SODV_Monthly_Report_7-06.pdf
Scientific Ocean Drilling Vessel (SODV)
Monthly Report - July 2006
Personnel
Recruitment of part time staff to fill the recently vacated Administrative
Coordinator position has been initiated by Human Resources and a preliminary
candidate list has been compiled. Interviews will start during the first week of
August.
1.1.3 LDEO Project Management
LDEO and Schlumberger personnel have been working on specifications
for the telemetry laboratory, the Schlumberger workshop, the wireline
heave compensating system and the specifications for locating the
equipment next to the rig floor. Deep Down was selected as the vendor
for designing and delivering the wireline heave compensator. LDEO
personnel have also devoted significant effort revising budgets and
identifying cost savings for the SODV project.
From the 8/06 JOIDES minutes
http://joiserver.joiscience.org/sodv/downloads/monthly_status_rpt/SODV%20Monthly%20Report_Aug_06.pdf
1.1.3 LDEO Project Management
LDEO and Schlumberger continue working on specifications for the
telemetry laboratory, the Schlumberger workshop, the wireline heave
compensating system, specifications for locating the heave compensating
equipment next to the rig floor, and defining the work load as well as costs
associated with the shipyard period. Deep Down, the vendor selected to
design and deliver the wireline heave compensator, is currently working
on designing the system. LDEO personnel have also been revising
budgets, identifying potential cost savings for the SODV project, and
potential deferment of projects until FY08. Training personnel and
support documentation for new and old systems associated with logging
systems have begun.
from 1/07 JOIDES minutes
http://joiserver.joiscience.org/sodv/downloads/monthly_status_rpt/SODV%20Monthly%20Report_Jan_07.pdf
1.2.2.6 LDEO Science Support
Design work continued on the three main areas of the logging systems (logging
equipment, lab and IT). Schlumberger has continued efforts with Deep Down in
designing the new wireline heave compensation system for the SODV and the
following tasks have been completed:
1) Deep Down has ordered the long lead components.
2) Re-worked compensator plans were submitted to SLB and approved (the
original design was modified slightly to allow using the same
configuration onboard the Chikyu)
3) LDEO and SLB had a meeting in January 9-11 where the designs were
reviewed and approved.
4) Deep Down has hired 3 new staff members to work on the project.
btw, your excellent photo illustrates what Psychobilly was talking about earlier. you can look at that photo and know what kind of market is out there for buoyancy. whether it's matrix or not, it certainly looks like the syntactic foam matrix makes. outstanding. people mark from me.
BR549, i've scanned the photos, and that is a very impressive drillship. really gives you a sense of how profitable it must be way out there just by looking at the equipment used, which must cost gazillions! ok, give me a hint on the proteus. is it painted DDI blue, or is it painted white? i've looked, but i can't pick it out for certain. which photo is it in? btw, for the rest of the board, the Chikyu is the other drillship with a proteus, in addition to the JOIDES Resolution SLB drillship currently being fitted out in Singapore (I think).
brikk, at one time i was neck deep in the JOIDES minutes myself, and i think you are correct in saying DDI was mentioned earlier than I expected. i think i saved the link and will go back and look.
definitely. although what you posted was an overview of the industry, it's almost like you get a snapshot into the wheels turning in managment's collective brain . . . almost like they knew an early key to their plan was to get one of their products on the very rare scientific drillships. and guess what? they frickin did it! and the product they made allows for tolerances in heave that blew away the closest thing previously made for that purpose. next Christmas, i think i'm going to give each member of my family a few shares of this stock, that i was lucky enough to buy this cheap;)
jdsgungho, are you out there? hoping you could give us an update on the JOIDES scientific drillship minutes of their last meeting regarding DPDW's Proteus they installed. with all the bullish TA lately, i thought it would be nice to refresh the board with some bullish FA to go along with it. SLB/DPDW Proteus on those 2 drillships . . . it's just a matter of time til the market's eyes are really opened.
brikk, if i had to guess, i'd say the mako lars is 6-7 ft high x 6-7 ft wide x 12-14 ft long??? that would also give you a sense of the scale of the control room, since you can see the lars and the control room together in one of the pictures. it wouldn't surprise me if the control room is a standard size shipping container, though not as big as the kind on international cargo ships. i don't recall having to lower my head to walk in. it's probably 8-9 ft high.
Wishing you and yours the very best Christmas and new year!!!!
sandracer, everybody doing business out there is insured to the gills. you have to be if you want to contract work with anyone.
Maybe the timing of the PR is their answer to the drop that happened on the Mako PR. Or maybe they don't want to overly pump the PPS with PRs. Wouldn't that be refreshing. Get used to it.
thanks a million!!!
whatever happened today, all i know is it was total BS. and that makes me think it's going to fly right back up when the BS is removed.
i agree 100%
Darwindows, with all due respect, I disagree with your "logic." I understand what you are saying, though. Certainly, PRs and camera shots would have helped ease some concerns, especially at this young stage in the company. But it does not logically follow that simply because you can't see or hear something that no activity is occurring. In fact, in business, just the opposite is more likely, logically speaking.
thanks joe! nice stuff!
As you stated, we all know Mako is going to bring a boost to the bottom line. Think taxes may be another reason for the delay?
he signed a non-disclosure agreement
and Mary is batting leadoff.
Smith, Butler, Chamberlain
You simply cannot ask for better than that. That right there boys is the meat of our lineup, a lineup that would look perfectly in place if it were running SLB or HAL. And I think they are planning on making DDI a company that gets spoken in the same breath with em. They appear to be planning a company that will be to deepwater what other big boys are to their respective fields. That's the deal. Count my ass in.
hallelujah man! been sayin that for weeks, but not as well as you just did.
It is totally irrelevant to their goals and task. The deep sea sector will grow heavily regardless of the price of oil at $70 or $100 a barrel. The company will have their hands full dealing with that growth. Oil fluctuations will not in any affect work activity or outlook at the company. And it should not be drawn upon by investors as any kind of metric on which to base an investment in DPDW. If oil hits $70 in a month it has little bearing on the progress of the company. If oil went to $40 it would. That seems almost impossible, therefore no one in or out of DPDW should be fixated on oil price movements as a basis for judging the company's performance or prospects. -- TradeSwapper
nsomniyak, that was a nice post.
Nope. Not sending out any "clues." Just saying what we all have been saying. Mako has lots of potential, and the whole rental aspect is really, really intriguing with a bigger player like ddi behind it.
yup. and we're going to hear plenty more on the mako front. plenty.
yeah, i was just wonderin how autonomous or integrated they were when it gets down to working together at the micro level. my gut feeling is that mako will be a relatively autonomous cash cow . . . if it ain't broke why fix it kinda thing, though certainly beefed up with ddi backing, products and customers. but obviously that's just a guess on my part. hey, thanks again. you're going above and beyond normal dd here, and you're making my mako visit look like catshit.;) i've never been to pennyland before this, but i don't want to go anywhere else. i can't imagine other boards have this kind of stuff. your next 5 drinks are on me.
when electrowave does work on ddi stuff, does it go on each company's respective books, or is it all just in-house under ddi?
great post.
wow. thanks TS.
sorry, I get a hard copy subscription at work. I don't have an online subscription.
"Chevron releases 2008 exploratory budget
. . . $22.9 billion capital and exploratory spending program for 2008 . . . 15% higher than 2007. . . about 75% of the 2008 spending program is for upstream oil and gas exploration and production projects worldwide. . . $4.8 billion on U.S. upstream projects . . . a significant portion relates to development of projects in regions such as the deepwater U.S. Gulf of Mexico . . . major upstream spending next year on U.S. Gulf development projects includes the deepwater Tahiti, Great White, Blind Faith, Jack and St. Malo projects."
ODS-Petrodata 12/10/07 GOM newsletter
from ODS-Petrodata 12/10/07 GOM newsletter:
"BP starts world's deepest subsea multi-phase pump
...a breakthrough in application of a technology with the potential to increase recovery of oil from deepwater fields. . . 5500 feet below the sea's surface . . .almost twice as deep as the previous deepest installation . . . Aker Kvaerner supplied the subsea pumps as well as the installation services."
very bullish. i wholeheartedly agree.
I think the old downtrend was initiated by the old directors cashing out at a pretty high price, then that downturn caused panic in those short-sighted with regard to the financials. I'm not really disagreeing with you. Anyone disappointed in the last financials is either flippin, short-sighted, or both. They retired alot of debt. Frankly, if that's the kind of movement we get on those kinds of financials, I can't wait for the next round, because then it will be up to that degree, imo.
The MMs know what's coming too. They're trying to strap in too.
I love seeing all the charts. I really do. And i love to learn about TA. It's fascinating that when you boil it down, it's all about predicting what other chartists are predicting. But if you're in this stock because of a chart, to each his own, but you're not seeing the forest due to the trees, imo, Especially with all the inside and outside manipulations. If the biggest driver of the last downturn was the old director group cashing out, a chart would never tell you that. We already know what's going to drive it back up, and a chart won't tell you that either. It will be nice to look at though, just like a nice shiny diamond. I'm not bashing anyone. I'm going to flip some of this one day myself, and I'll be using a chart to show me when it's overbought and oversold. They're great for that, I admit. But not now, no sirreeee. For now, best strap in.;)
locustsuc, thank you very much