Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LOL at both of us, guess how I knew what the problem was?
Yep, BEEN there, DONE that!
They also used to have search up high on the page, and one at the bottom. The one on the bottom was the only one I could ever get to work right.
Have a great one...
Yes, I did see it in the filings, several times I think, under the sections about the types of equipment Deep Down makes.
It certainly makes sense to drop as much as you can on each string, what does it take to reach to bottom 2 hrs, 5 hrs?
Plus the ROV is waiting around through all the down time.
The most recent 10-k
" We have designed and fabricated many different installation tools and equipment over the years. We have been involved in the design of the following equipment to help make installations run as smoothly as possible: steel flying leads, steel flying lead deployment systems, umbilical hardware and termination systems, umbilical bell mouths, lay chutes, rapid deployment cartridges, horizontal drive units, mud mats, flying lead installation and parking frames, umbilical termination assembly stab & hinge over systems, and numerous other pieces of offshore equipment. Our team has vast experience with the installation of flexible and rigid risers and flowlines, umbilicals, flexible and rigid jumpers, steel tube and thermoplastic hose flying leads, pipeline end terminations (“PLETs”) and manifolds."
here is the 2nd screen.. the money shot.
I've heard the term "parking frame" mentioned also,
not sure just what that might be unless it is the name given to (like you say)Subsea Distribution Units with the deployment frame built in. When the SDU is placed on the bottom, the umbilical is deployed and it's
deployment aspect would be "parked" there.
The only online illustration I could find is in this PDF file.
Now which item is the parking frame?
This one looks like a version of the pizza ovens, problem being, there are more shown that the listed *19 parking frames.
http://www.fmctechnologies.com/upload/chevron_frade_new.pdf
This Chevron Frade project is going in now and will be producing by yr end.
One other thing I have noticed, unlike the SAMs and LARS, I have not seen our name cut into the steel, perhaps we should consider that they will be finished and rebranded by one of the big multi-billion dollar companies.
Hey Phil(Hot Rod Chevy), if you should change your alias a hundred times, this post which I can always refer back to will always show Hey Phil(Hot Rod Chevy) although the reply might show it addressed to "John(broken rod Ford)"
Just a thought, I have used this method to locate missing persons in the past...
.. and you will always be Phil(Hot Rod Chevy) to me!
lol
Thanks for that brwtrpilot, meanwhile back at the fab shop
they have about 16 short pipes cut for more of the frame types they are currently working on. I can't tell for sure how many
short pipes each frame uses.
Ocean Business 2009, Flotation Technologies presenting
The hands-on ocean technology exhibition and training forum
National Oceanography Centre, Southampton, UK • 31 March - 2 April 09
10:30 AV Room
Flotation Technologies
Buoys, frames and
bottom mounts for
mooring ADCPs and
buoyancy products
http://www.oceanbusiness.com/OB09_ShowPreview.pdf
Monthly Newsletter from the International Association of Drilling Contractors M a r c h 2 0 0 9
"IADC welcomes 39 new members"
• Darley Consulting Inc, Christiana,
Tenn.;
• Drillernews Co, Pajusi, Kyung Gi Do,
South Korea;
• Flotation Technologies Inc, Biddeford,
Maine;
• Global Compliance LLC, LaPlace, La.;
• GPI Oil & Gas Overseas Inc, British
Columbia, Canada;
• Great Pacific International Inc, British
Columbia, Canada;
http://www.iadc.org/drillbits/2009/Drill%20Bits%202009-03REVISE.pdf
http://www.iadc.org/
News Adino Energy Comments on Its 2008 Results of Operations
Adino Energy Comments on Its 2008 Results of Operations
HOUSTON, March 25 /PRNewswire-FirstCall/ -- Adino Energy Corporation (OTC Bulletin Board: ADNY) today commented on its fiscal year 2008 audited results of operations filed on Form 10-K March 17, 2009, with the United States Securities and Exchange Commission.
Total revenue reported for the year 2008 was $2,088,662, up 6% compared to $1,967,813 one year ago. Net loss for 2008 improved by 76% to $(546,424), or $(0.01) per share, compared to net loss of $(2,263,795) or $(0.5) per share, in 2007.
Intercontinental Fuels LLC (IFL), a wholly owned subsidiary of Adino Energy Corporation, secured a new contract with a third-party fuel additive provider, beginning in April 2008, and realized a decrease in product sales expense of $24,492, or 5%, for the period ended December 31, 2008, over 2007. Legal and professional expense was $500,183 at December 31, 2007, compared to $231,302 at December 31, 2008, a decrease of $268,881 or 54%.
At December 31, 2007, the Company had several stock payables for a total of 10,757,000 shares. These shares could not be issued, however, due to the Company's lack of authorized capital. At our annual meeting in January 2008, the Company's stockholders approved an increase in our authorized capital from 50 million shares to 500 million shares. In the second quarter of 2008, the Company issued stock to satisfy the outstanding stock payable amounts. The Company also issued stock to settle various accounts payable and accrued expenses in July and October, 2008. With these issuances, the Company experienced a loss of $159,963, due to changes in stock valuation. There was no corresponding activity for 2007.
"We are pleased Adino Energy Corporation has made significant steps during 2008 to advance our growth plans in the face of the world economic recession," commented Timothy G. Byrd, Sr., Adino Energy Corporation's chief executive officer.
"Although several financing avenues were available for our terminal's purchase last summer, some backed by leading investment banks, all withdrew last year as the nation's credit retracted; management pulled together literally a last minute deal, completing a lease with a first option to purchase for the next five years, scoring a big win for shareholders."
G. C. 'Sonny' Wooley, Adino Energy's board chairman, commented, "Securing the North Houston terminal during the recent financial meltdown demonstrated several important things about our company: we can safely 'weather' large fluctuations in the price of fuel, as throughput charges are not connected to the oft arbitrary price of oil; our management has proven resourceful in the face of adversity by completing a new terminal lease, with first option to buy, in only four days; and last year's terminal financing activities and global economic environment has unavoidably slowed corporate development plans temporarily since last year."
Byrd continued, "With the financial markets now beginning to stabilize, I am committed this year to completing our move to merchant resale of fuel. In addition, I expect our new relationship with Saphaera to not only widen our stock's audience, but to also gain access to Brazil's vast biofuel supplies.
"Finally, in parallel with these initiatives, the company remains committed to acquire other terminal properties as we identify appropriate opportunities together with sensible financing," Byrd concluded.
About Adino Energy Corporation, Inc.
Adino Energy Corporation (ADNY) is a wholesale fuel distributor and fuel terminal operator based in Houston, Texas. Adino Energy not only offers storage, delivery, and blending of diesel fuel, but also offers biodiesel to the growing "green" fuels market. Biodiesel is a clean burning, nontoxic, sulfur-free, and biodegradable alternative fuel for compression-ignition (diesel) engines made from animal fat or vegetable oil.
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. Adino Energy Corporation urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
DATASOURCE: Adino Energy Corporation
CONTACT: Steve Haag, Investor Relations of Adino Energy Corporation,
+1-281-209-9800,
http://ih.advfn.com/p.php?pid=nmona&cb=1237988555&article=37019108&symbol=NB^ADNY
That's two government orders in two months from the Flotation Technologies div. that we know of.
I wish there was a way to check orders from other country governments.
Looks like Flotation Technologies makes quality products.
FBO DAILY ISSUE OF MARCH 25, 2009 FBO #2676
SOLICITATION NOTICE
20 -- Hardball Devices
Notice Date
3/23/2009
Notice Type
Presolicitation
Contracting Office
Department of the Navy, Naval Sea Systems Command, NSWC Panama City Division Code B32, N61331 NAVAL SURFACE WARFARE CENTER PANAMA CITY DIVISION, CODE B32 110 Vernon Avenue Panama City, FL
ZIP Code
00000
Solicitation Number
N6133109T5503
Response Due
4/9/2009
Archive Date
9/30/2009
Point of Contact
Nicole Anderson 850-235-5386 , or Contracting Officer Mary Hines at 850-235-5389
Small Business Set-Aside
N/A
Description
This is a combined synopsis/solicitation for a commercial item prepared in accordance with the format in FAR Subpart 12.6, as supplemented with additional information included in this notice. This announcement constitutes the only solicitation and a written solicitation will not be issued. This is a Request for Quotation (RFQ), solicitation number N61331-09-T-5503. The Naval Surface Warfare Center, Panama City Division, FL intends to award a firm fixed price sole source purchase order using simplified acquisition procedures to Flotation Technologies, 20 Morin Street, Biddeford, ME 04005 for CLIN 0001 twenty five (25) each 21 inch Hardball Floatstm with attachment hardware and CLIN 0002 fifteen (15) each 18 inch Hardball Floatstm with attachment hardware. This purchase is not suitable for full and open competition for the following reasons: (1) The Navy has a requirement for umbilical floats that can operate to a depth of 100 feet without leaking or imploding. The Ha! rdball Floatstm are made of high strength, epoxy-based materials proprietary to Flotation Technologies. (2) Additionally, since these items will be used in a test environment, the Navy needs a float that is easily attachable or detachable, so that the floats may be placed anywhere along a cable. The Flotation Technologies unique attachment kit supports this requirement. (3) Any other flotation system would require extensive re-development and testing costs that could not be recovered through competition. Flotation Technologies is the only source that can meet this requirement. Sources interested in qualifying for future requirements may contact Nate Smith at (850) 235-5021 and/or email address nathan.i.smith@navy.mil. Delivery will be F.O.B. Destination eighteen (120) days after award to the following location: NSWC Panama City Division, FL Receiving Office, 110 Vernon Ave., Panama City, FL 32407. NAICS Code is 326150, FSC 2050, and the Small Business Size Standard is! 500 employees. The order will be a firm fixed price order. This solicitation document and incorporated clauses and provisions are those in effect through the Federal Acquisition Circular 2005-08, effective 5 January 2006. INSTRUCTIONS: The provision at 52.212-1, Instructions of Offerors - Commercial Items applies to this acquisition. It is requested that the offeror submit a proposal in accordance with the format and content specified. Submit signed, dated offers to nicole.a.anderson1@navy.mil, no later than 5:00pm (CST) April 9, 2009. AS A MINIMUM, OFFERS SHALL INCLUDE: (1) RFQ number; (2) offeror's name, address, point of contact, phone and fax numbers, e-mail address; (3) offeror's DUN's number, CAGE code and TIN number; (4) documentation that shows the offeror's current active registration in the Central Contractor Registration (CCR) database. Lack of registration in the CCR database will make an offeror ineligible for award; (5) a copy of the complete commercial warranty provisions an! d terms; (6) offered delivery time; (7) completed copies of FAR 52.212-3 and DFARS 252.212-7000; (8) past performance data of the last three sales for the same or similar item. For each reference include: contract number, dollar value, date of sell, organizational name, point of contact, address, phone number and email; (9) the price proposal should include: (a) a copy of the current catalog or established price list for the items covered by the offer, or information where the established price may be found; (b) a statement that such catalog or established price list: (1) is regularly maintained; (2) is published or otherwise available for inspection by customers; and (3) states the prices at which sales are currently made to a number of buyers. (c) A statement that such items are commercial items sold in substantial quantities to the general public, at the prices list in the above mentioned catalog or established price list; (d) a statement that the quoted prices, includin! g consideration of any discount or rebate arrangement, do not exceed prices charged the offeror's most favored customer for like items in similar quantities under comparable conditions. OTHER TERMS AND CONDITIONS: Offerors shall include a completed copy of the provisions at 52.212-3 and 252.212-7000, Offeror Representations and Certifications - Commercial Items, with its offer. The clause at 52.212-4, Contract Terms and Conditions - Commercial Items (Oct 2003), applies to this acquisition. The clause at FAR 52.212-5, Contract Terms and Conditions Required to Implement Statutes or Executive Orders - Commercial Items (Oct 2004) applies to this requisition. The following clauses are applicable: 52.222-3, 52.222-19, 52.222-21, 52.222-26, 52.222-35, 52.222-36, 52.222-37, 52.232-33, and 52.247-34. The clause at DFARS 252.212-7001, Contract Terms and Conditions Required to Implement Statutes or Executive Orders Applicable to Defense Acquisitions of Commercial Items (Sep 2004) (Deviation) applies to this acquisition. The following clauses are applica! ble: 52.203-3, 252.225-7001, 252.225-7007, 252.227-7015, 252.227-7037, and 252.247-7024. The Defense Priority and Allocation System (DPAS) rating is a DO-A7. Electronic quotes are encouraged. The award will be based on a fair and reasonable price on or about 9 April 2009. POINT OF CONTACT Code B32/Nicole Anderson, 110 Vernon Avenue, Bldg. 435, Panama City, FL 32407. (850) 235-5386, fax (850) 234-4197 or email address nicole.a.anderson1@navy.mil.
Web Link
FedBizOpps Complete View
(https://www.fbo.gov/?s=opportunity&mode=form&id=5e55955d5d7e2667f93a0151eb1249ff&tab=core&_cview=1)
Record
SN01775643-W 20090325/090323215851-5e55955d5d7e2667f93a0151eb1249ff (fbodaily.com)
https://www.fbo.gov/?s=opportunity&mode=form&id=5e55955d5d7e2667f93a0151eb1249ff&tab=core&_cview=1
http://www.fbodaily.com/archive/2009/03-March/25-Mar-2009/FBO-01775643.htm
ElsieCat, a lot of investors don't like hearing about this kind of stuff from a visitor to DDI. Others don't like to see it
in 'happy talk' e-mails. The company(imo) did the right thing in disseminating this info to all, in a very public press release, so everyone would be aware. Didn't they just recently mention they were trying for better communications with shareholders?
Did you know horses are tattooed on their upper lip to prove ownership and their teeth show their age?
hence "Never look a gift horse in the mouth"
By that, do you mean you also noticed we are getting December news?
I think they might have a number of recent month's
progress that they would like to tell us about.
This is the type of 'shareholder communication' we all like to see!
Hammer time.
Two are being loaded on the 5th wheel flat bed trailer now
in the courtyard. These might have came from DDI North, and stopped by to be 'lift tested' with the clump weights over by the fab shop wall. Heading to the paint shop next?
I was just looking at their history on the Q's
May 15 under the old rules (60 days)
1'st of May + extensions now.
What did we decide was the filing date for accelerated filers?
Was it 40 days after the close of the quarter?
Edit:
I would use specs "40 days" number (for Accelerated Filers) rather than my "35 days", as his source has a more recent date stamp and it is direct from the SEC's website.
#msg-34966421
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34967180
I disagree about the 10-k, there was so much good information
in there. Forget all the numbers for a bit.
What good things did the 10-k bring to light for investors who had been seeking answers for over 9 months?
Here's just two items.
The daily penalty and it's termination.
The S-1 and the one filing that needs to be completed.
jmho
CHEERS!!
I completely understood, I recently found that chart and really needed to post it!
& lol at me
Talk and do alternative energy all you wish..
It just doesn't affect us!
So who's making the trip next week.
There also have been several news releases
and a 10-k...
One, perhaps more have left the courtyard( saw one loaded on the truck)
Looks like it was heading to the paint shop.
I think that B2 on the number indicates it has been changed from
patent pending to a patent.
I'm quite sure this is one they had a patent application
filed on for quite some time. "Having a previously published pre-grant publication "
So yes imo they were protected, and could use it meanwhile.
http://www.uspto.gov/web/forms/kindcodesum.html
I would think once it was posted at the USPTO
website, it was public information, available to all investors
that looked.
Hey Chev. The fab shop is working on a different type
frame or parking frame today. I think some buyers have figured
out that DPDW is working on a large frame order of various types.
My guess, with the rapid pace they have been working, is there are more needing to be built.
Who are they for? Don't know, other than it is a big company.
There are no small companies that use subsea frames
Great to see ya posting here.
Thanks for your answers jds.
I'm sure I will think of something more to ask later,
but now I'm just drawing a blank.
Very good information from all three of you guys..
ty
jds or Odin, Did you happen to inquire as to the names or purpose of
these items?
1)
2)
3)
4)
Would that be the announced test facility or something different?
I remember reading in the filings or somewhere the mods were leased.
With 716 mobile rigs worldwide, I guess DPDW has room to grow.
http://www.energycurrent.com/index.php?id=2&storyid=16704
Odin, did you and jds get to see inside the recently new modular
offices at Channelview? If you did could you describe them?
Just guessing here, engineering dept.?
Furnishings new or moved over from the previous buildings?
Hi bbb, long time. I thought I would update you with some photos
and press from the Deep Down:DPDW board
enjoy!
DPDW Pictures and Press Jan., Feb. 09
Here are various photos and press for January and February this year.
Thanks^ odinepinetree
#msg-34622822
#msg-34658202
#msg-34659727
#msg-34713385
#msg-34795613
#msg-34842158
#msg-34843731
#msg-34888045
#msg-34896840
#msg-34899290
#msg-34899540
#msg-34918813
#msg-34975042
#msg-34998837 SDB
#msg-35170679
#msg-35262284
#msg-35424852
#msg-35480479
#msg-35553973
#msg-35622279 CoreTec™, Drilling Riser Buoyancy Module
#msg-35626030
#msg-35639469
#msg-35791029
#msg-35938074
#msg-35947517
#msg-35947580
#msg-35947635
#msg-35080325 Deep Down Expanding Buoyancy Facilities to Serve Growing Deepwater Market 35080325
#msg-35180607 Article on Flotec in Rubber & Plastics magazine
#msg-35170920
#msg-35170999
#msg-35171124 Mako’s Lynx light work class ROV supports diving operations.
#msg-35540681 http://workinme.blogspot.com/2008_06_01_archive.html
#msg-35590083 A Biddeford manufacturer is expanding to meet an increased demand for its buoyancy and flotation devices.
#msg-35924844 Deep Down Opens New Houston Corporate Headquarters
DPDW Pictures and Press Jan. and Feb. 09
Here are various photos and press for January and February this year.
Thanks ^ odinepinetree
#msg-34622822
#msg-34658202
#msg-34659727
#msg-34713385
#msg-34795613
#msg-34842158
#msg-34843731
#msg-34888045
#msg-34896840
#msg-34899290
#msg-34899540
#msg-34918813
#msg-34975042
#msg-34998837 SDB
#msg-35170679
#msg-35262284
#msg-35424852
#msg-35480479
#msg-35553973
#msg-35622279 CoreTec™, Drilling Riser Buoyancy Module
#msg-35626030
#msg-35639469
#msg-35791029
#msg-35938074
#msg-35947517
#msg-35947580
#msg-35947635
#msg-35080325 Deep Down Expanding Buoyancy Facilities to Serve Growing Deepwater Market 35080325
#msg-35180607 Article on Flotec in Rubber & Plastics magazine
#msg-35170920
#msg-35170999
#msg-35171124 Mako’s Lynx light work class ROV supports diving operations.
#msg-35540681 http://workinme.blogspot.com/2008_06_01_archive.html
#msg-35590083 A Biddeford manufacturer is expanding to meet an increased demand for its buoyancy and flotation devices.
#msg-35924844 Deep Down Opens New Houston Corporate Headquarters
Hey Houston visitors, anything to share about Trueheart's question here?
"The latter part of that PR indicates that a testing service facility will also be constructed in Texas.
Any idea as to where that will be sited on the lot?
Trueheart"
From the Joides link you posted Feb 8, this year.
I love the new zoom tool in Firefox.
(brwtrpilot) When you were there did you get answers
to some of your questions?
No I don't think they are any part of a tree.
A time may come when they perhaps will make certain parts
or sub assemblies for a tree, but with the patents and years of development involved, it's a slim chance DPDW will compete with an actual tree-jmho
"Steve pulled out a couple of independent research report excerpts one from Douglas Westwood
The World Deepwater Market Report 2009-2013 He then showed me updated information in the report that take into account the current world market... and industry wide it looks like 27 Billion yearly to be spent that includes exploration and production.
(I'm like, Steve that is all well and good but what about Deep Down how about our sub-sector?)
So he broke it down a little further for me.. and shows me a chart and on that chart there is a thing called a tree. Now this tree is not made by Deep Down but all of the stuff we make hooks into the tree.. now the award of the trees show an continued uptrend. "
In reading you answer to question #8, I was reminded that this is the same answer Steve gave to another shareholder when he asked (I believe) about the future of deep drilling and our subsector in it.
I don't believe in coincidences so I am wondering about his focus on the trees. You said "all of the stuff we make hooks into the tree" and I realized you are correct. From the tree to the connection(BSL) to the rig or FPSO, Deep Down has their hands in it.
(except the LARS, but that and a ROV is used to connect everything)
Looking through the filings you see lists of that equipment,
umbilicals, deployment systems, sleds, frames etc, all manufactured by Deep Down.
There are only a few tree makers that I know of, most are huge corporations. One or more are clients of Deep Down.
Speaking of trees and related equipment, on the Deep Down website there is a section on animations,
read the list of titles of animations Deep Down has done. Many of those are
of various equipment hooked to trees.
What's my point in all this? Not much really, just trying to connect some dots and see if they show me a trend line.
Now what about those big yellow frame thingies DPDW has been working around the clock to complete?
That is a pretty black and white answer spec.
I wish all were this easy.
Bravo.. bravo.. A heartfelt post with good information in it.
Nice work reading the room.
Not bad for an average 'Joe' thanks very much.
You gonna be around this weekend for the Q & A portion?