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SECOND 9 MILLION ORDER WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!
SORRY DID NOT SEE THE NEWS TIL JUST NOW
Deep Down Receives Second $9.0 Million Order for Buoyancy
Thursday June 5, 2:20 pm ET
HOUSTON, June 5 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) today announced that it has received a second letter of intent for approximately $9 million from Delba International to supply and install the deepwater marine drilling riser flotation system for the new-build Delba IV semisubmersible drilling rig. The letter of intent is subject to the negotiation of a final purchase order once engineering is completed. The Letters of Intent authorize expenditures for such engineering efforts. Together with the previously announced Letter of Intent for the Delba III, Deep Down now has orders for approximately $18 million of deepwater marine drilling riser flotation systems. Both the Delba III and the Delba IV are rated to drill in 2,400 meters of water but are readily upgradeable to 2,700 meters and have long term contracts to drill in Brazilian waters.
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"A Letter of Intent is the first step in a committed process which typically becomes a purchase contract upon completion of joint engineering efforts between us and our clients," commented Ronald E. Smith, Deep Down's president and CEO.
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 Flotation Technologies subsidiary is a recognized leader in the design and manufacture of deepwater buoyancy systems, specializing in Flotec(TM) syntactic foam and polyurethane elastomer products. With extensive engineering, design, fabrication, and analysis capabilities, Flotation Technologies provides quick turnaround, cost-effective buoyancy and elastomer products to the worldwide oceanographic, offshore energy, seismic, and military markets.
The Company's Mako 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 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 become a leading provider of products and services to the offshore industry, including shallow, deep and ultra-deep water applications in oil and gas exploration, development and production activities and maritime operations. Management plans to achieve this strategy through organic growth and strategic acquisitions of complementary businesses with technological advantages in deepwater environments. Deep Down's customers include Acergy, Aker Kvaerner, Amerada Hess, Anadarko Petroleum Corporation, BHP, BP Petroleum, Cabett, Cooper Cameron, Chevron Corporation, Delba International, Dril-Quip, Inc., Devon Energy Corporation, Diamond Offshore, Duco, Exxon Mobil Corporation, Helix, JDR, Kerr-McGee Corporation, Marinette Marine Corporation, Marathon Oil Corporation, Nexans, Inc., Noble Energy Inc., Oceaneering International, Inc., Oil States, Petrobras, Royal Dutch Shell, Statoil, Subsea 7, Inc., Technip, Transocean Offshore, Veolia Environmental Services and Wellstream International, among others. For further company information, please visit http://www.deepdowninc.com, and http://www.flotec.com, http://www.makotechnologies.com and http://www.electrowaveusa.com.
This release may contain forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, and accordingly, the cautionary statements contained in Deep Down's Annual Report on Form 10-KSB for the year ended Dec. 31, 2007 and Quarterly Report on Form 10-QSB for the quarter ended March 31, 2008, and other filings with the Securities and Exchange Commission are incorporated herein by reference.
These factors include, but are not limited to: the offshore oil and gas industry is a historically cyclical industry with levels of activity that are significantly affected by the levels and volatility of oil and gas prices; numerous operating hazards that may not be covered by insurance; occurrence of an event not fully covered by insurance; losses on fixed-price contracts; failure to develop new products; loss of our key management or other personnel; failure to integrate business that we acquire; risks relating to international operations; operating hazards and risks relating to offshore oilfield operations; laws and government regulations; environmental laws and regulations and failure to comply with such laws and regulations; provisions in our corporate documents and Nevada law could delay or prevent a change in control of our Company; we may be unable to successfully compete with other manufacturers of drilling and production equipment; the loss of a significant customer could have an adverse impact on our financial results; our customers' industries are undergoing continuing consolidation; increases in the cost of raw materials and energy used in our manufacturing processes; future capital needs; we depend on third party suppliers for timely delivery of raw materials and supplies; risks relating to protecting our intellectual property; and risks relating to infringing on the intellectual property rights of third parties. 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 actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Deep Down expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in its expectations of results or any change in events.
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Source: Deep Down, Inc.
“The person who says it cannot be done should not interrupt the person doing it.”
– Chinese Proverb
I think that this summs it up:"long term contracts to drill in Brazilian waters" as some of us know, Brazil found one of the largest oil fields in ultra deep waters (+7000 meters If I'm not mistaking). I think if we start providing equipment and expertise for it, our little company can become a GIANT in due time....
Goood morning 2 all financials are out on yahoo.
Financials are out!!!: Here is the Link, I hope it comes out ok:
http://finance.yahoo.com/q/is?s=dpdw.ob
Very interesting DEEP challenge in Brazil...here is the link:
http://www.petrobras.com/ptcm/appmanager/ptcm/dptcm?_nfpb=true&_pageLabel=petr_com_energia
GOT MY DIVI SHARES ALLOCATED AND READY TO BE TRADED to my Scottrade account!!! HAVE A WOUNDERFUL AURC WEEEEEkend....Oh and by the way they have the outsatnding number of shares as 120.6 million....I don't know if that's right but sure hope so.
they got 2 new PRs out!!
Really looks good for next week and onnnn
GO TO YOUR GAINSKEEPER AND LOOK AT THE NUMBER OF SHARES YOU HAVE FOR AURC.
MY SHARES ARE IN SCOTTTRADE!!!
Hold on to your shares!!! this will go UP UP UP!!
This is only my OPINION, always do your own DD.
TEXG is getting hot!!! low float and good things coming!!!
Alaways do your own DD. This is only my OPINION!!
I'm in with a very small number of shares but will hold a long position here, hope the float is still 3 Mill. that would be SWEET!!
Anybody knows what the float is?
Hey Peridot Why did you change/edit/delete your post from the a.m. about the email you got from Koonstra, I think it had very relevant info there...it was not the best but at least showed the commitment that the Dutch have about this company and that it is not their fault why this is not flying up high as it should. JMHO.
PLease always do your OWN DD, and do not take this as a sale or buy recomendation!!!
Sorry but if I sell at this prices there won't be enough to buy them...
PR:
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Press Release Source: North-West Oil Group
Results of the Conference Call
Friday May 25, 10:42 am ET
Florida Atlantic Stock Transfer Inc
MOSCOW--(MARKET WIRE)--May 25, 2007 -- NORTH WEST OIL GROUP INC SHAREHOLDER LIST - COMMON STOCK (Other OTC:NWOG.PK - News)
ALPHABETICAL LISTING - ACTIVE CERTIFICATES ONLY AS OF 5/15/2007 0.0000000000% OR MORE OF TOTAL SHARES OUTSTANDING
Free or Total Issue Cancel % of
Shareholder Tax Id Cert # Restricted Date Date # of shares
---------------------------------------------------------------------------
Total Active Shareholders 175
Total Active Certificates 302
Total of Free Trading Stock 186,810,249
Total of Restricted Stock 459,487,905
Total Shares Outstanding 646,298,154
Total Shares Authorized 900,000,000
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1. BUYBACK program: 30 mln. $ were repurchased already. The program is going on.
2. "Now we are training all necessary documents for raising the company status and going from Pink Sheets to the NASDAQ BB, American Stock Exchange or AIM," says Mr. Malyshev, the President of NWOG Inc.
3. future stock price: by September 2007 - 0.30$; by the end of the year - 1$
4. Current production: 876,000 barrels per year. "We plan to increase this number by 438,000 barrels. So in general it will be 1,314,000 barrels," says Mr. Malyshev.
5. Current reserves (category C1):
4 fields in Saratov region: 21,900,000 barrels; Shalinskoe: 36,750,000 barrels
6. Lugovskoe: Mr. Malyshev says: "We have won an auction, but we back out of the purchase (unreasonably high price)."
7. Former Nord Oil assets: "We carry on negotiations concerning the sale of the Nord Oil assets at the price of 10 mln. $ and want to spend the proceeds buying new, more profitable assets," says Mr. Malyshev, the President of NWOG Inc.
8. Potential buyout price of NWOG Inc. is 100 mln. $
9. Middle East deals: Syria: "We are going to start with preparing of the Agreement with the Government before the end of the summer." Algeria (not Lybia, it was a mistake): "This deal is on the docket with one of the most significant Russian state oil companies," says Mr. Malyshev.
10. NWOG Inc. takes part in all these deals.
11. The merger (Saratov): Mr. Malyshev says: "We plan to close this deal within 2 months. We can't identify now our partner, because we have signed the Confidentiality Agreement."
12. Latvia terminal: Mr. Malyshev says: "It's in the last stage. We have agreed already in the price. Now is carrying out an audit and estimation of the Latvian Company and it will be finished during 2 months."
About North West Oil Group (formerly Nord Oil International): North West Oil Group is a non-reporting, publicly traded Oil & Gas company trading under the ticker symbol NWOG on the U.S. Pinksheets market.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact:
Contact:
Evgeniya Popova
North West Oil Group
Tel: +7 495 621 11 15
E-Mail: jane@szng.ru
Web: http://www.szng.ru
--------------------------------------------------------------------------------
Source: North-West Oil Grou
Woww this looks like a great opportunity, I will have to cut my small earnings from AURC and buy some of this at this prices before they surge, looks very promising and I'm willing to wait for a couple of years if I have to. Thank you All for the good info in this board, and as always thanks 2C it seems that you've got the Golden Touch.
2C What happens now if you decide to keep part of your shares??? or are they beeing bought also??? sorry but my fiel of expertise is not this one. Thank you for all the hard work and DD. You can also email me at chelocane@yahoo.com. Thanks once again.
Is ONYI getting it's plant back? is the float (4.54M shares)correct? sorry I'm new here if anybody cares to let me know I would sure appreciated. Thank you.
This is not a buy or sell recomendation!!!
Wow, not even a fly here since feb...
Thank you, yes I would think if everything goes allright we will be going back up to prior level or better yet!!
Weeeeeeeeeee
Any news???
Suggest You guys take a look at GRSR, solar play I think its going to get higher in the next 2 weeks. Always do your DD and don't make any decisions based on what I write here.
If they would release some production numbers on top of this PR would be GREAT!!!
Dumbindian, this is not the first time we hear about the new machinery actually we were waiting for it to happen, here is the PR where you can read about it:
Aurus Triples Gold Shipments
Friday February 16, 9:47 am ET
MONTREAL--(MARKET WIRE)--Feb 16, 2007 -- Aurus (Other OTC:AURC.PK - News) announced that its first shipment for February surpassed the amount shipped for the entire month of January. According to the Company, it has tripled the quantity shipped on a bi-monthly rate. On February 14, it had processed 2,300 ounces of 99.9% pure gold, which is an increase of 300% over last month's shipment of the same date.
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The Company expects to continue to increase its gold deliveries on a month-to-month basis to approximately 10,000 ounces and whereafter it will increase production further with the receipt of the new equipment on order.
"The increase in gold delivery is truly encouraging and we are very optimistic for our continued efforts to further increase revenue and profitability," says Martin Grancharoff, vice president.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue to acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines through joint ventures and/or partnerships.
HERE is the LINK...hope it comes out well:
http://biz.yahoo.com/iw/070216/0216405.html
This is NOT a Buy or sell recomendation, always do your own DD!!!
NO NO NO I think they should at least offer $1, now more than ever if all the equippment is beiing installed.Go AURC!!!
QAZWSX: That's really a good one I was Definetely feeling like SHAAAT, but you made me lough with your post, it's funny how people find warmth in the littlest things. THANK YOU A HOLE LOT.
I do go along with what management says and think, THEY want exactly what WE WANT...MO ..MONEY....weeeeeeeeeee!!!!!1
"With expenses ranging at approximately 70% of the production value of the minerals, the amount of profit in relationship to share value is very high and the share price should be $2-3."
What kind of news are you guys waiting for??? with the low float (6 M) and the right king of news this thing could run like a wild fire.
Understand your pain I've been holding since I bought it with some of my ndol profits last year, I had bought at .42 I believe...yeah its been that long, but just like you I bought a few more to try to make it back, so lets hope to see this one SOAR and fry the shorts!!
Good Morning 2C, do you have any news 4 us??
Congrats and thank you to all LONGS and everybody that believes in this company like I do, but most of all THANK YOU 2C, TR8, ST and BENZ for the fighting and perseverance through tough times. I wish you the best and to 2C congrats on NNRF, I should of jumped in a long time ago but didn't, wasn't that a lost train!!!
Keep the faith and don't let the MMs fool you with their plays, I hold a very small position (all I can afford for now) but I think this will get higher in the next week or two. Go GRSR!!
If AFs are good I think NWOG would become target of bigger companies, this makes for a good reading here is the link:
http://www.kommersant.com/p753506/r_500/Gazprom_Eni_Libya_YUKOS/
Gazprom Wants Libyan Stake
Gazprom and the Italian energy concern Eni reached an agreement in principle yesterday on an exchange of assets as part of an agreement on strategic partnership signed last year. As a result, Gazprom will receive a significant share in Eni Power and Eni projects in Libya, which will allow it to establish a resource base close to European markets. Eni will receive in exchange shares in Gazprom Neft, Artikgaz and Urengoil, if, that is, the auction for YUKOS assets goes its way.
Gazprom chairman Alexey Miller met with Eni CEO Paolo Scaroni at the Gazprom central office to discuss further action under the strategic partnership agreement signed on November 14, 2006. A source close to the talks told Kommersant that it was suggested that the Italian company acquire the package of stock belonging to YUKOS that will be sold at auction on April 4 with a starting price of 144.7 billion rubles. If Energogaz, a consortium of ESN-Energo, Eni and Enel, wins the auction, Eni, as owner of 14.7 percent of its shares, will be co-owner of both oil and natural gas assets formerly belonging to YUKOS, which will add to its balance of reserves.
Gazprom will expand its share in Eni Power and Eni projects in Libya. That will provide the Russian company with a resource base close to the highly profitable but so far inaccessible markets of Italy, Spain and Portugal. “Libya only recently opened up to foreigners,” noted Valery Nesterov of Troika Dialog, “and is of huge interest to investors, unlike Algeria, where practically all the resources have been divided up between Western companies.”
Yesterday, Gazprom announced the signing of an agreement with National Oil Co. on product sharing at Lot 19 on the Libyan shelf of the Mediterranean Sea that will provide the Russian company with 10 percent of the hydrocarbons found and produced there in exchange for investments of $200 million. Gazprom also received 49 percent of German concern BASF's Libyan projects in 2006.
This is not a recomendation to buy or sale!!!
Well finally decided to get some more shares of it, small position but very positive about the company. Thanks to all the LONGS and specially 2C and Mrs 2C for all the DD. I'm always reading but hardly ever posting. GO AURC!!!
This is not a buy or sell recomendation...always risk what you can afford to loose.
Prado can you or would you be able to post the email you got from the Independent company, I'm sure all the longs and newbies will appreciate it VERY much...starting with me, if you don't want to post it may be you can send an extract of it to my email at chelocane@yahoo.com. Once again thank you.
This i find very interesting, specially since the change to the OB is probably going to happend towards the end of the month also:
"In the interview with SolarForecast, GiraSolar projects they should be fully up and running with their own US module factory by March of 2007"
Lets hope they come through with it, it should make for a good rocket to higher levels.
This is only my OPINION, do not buy or sell based on it!!
Just what I found about the group...hope the link comes out right:
http://www.jxj.com/suppands/renenerg/companypage.php/CPID__112449-295
I know its not much but will look some more later today.
All my post are just my OPINIONS, don't buy or sell based on them.
Come on lets pull up for the home run!!!