Endurance Exploration Group Inc (EXPL)

[hedge_fun]

Budget constraints imposed by the History Channel dictated the equipment and vessel we could deploy on this expedition. The selected ROV fit within the budget and is more than adequate for filming, inspection, and some light excavation work. We had high hopes that the seabed, type of sediments, ocean current conditions, and the amount of sediment covering a typical historic shipwreck in the work area would afford a high enough level of productivity with this ROV to warrant immediate extension of the mission utilizing the existing gear spread. The successful dive on Target 77 and successful excavation of Target 64 gave us ample information to make a determination. Unfortunately, after evaluating this data, we don’t believe productivity will be high enough, without making modifications to the gear spread, to achieve the results we need to successfully excavate our targets during an immediate extension period. So, we will conserve our resources and begin planning a return expedition with additional ROV and other equipment that will allow us to achieve a higher level of productivity. Working 200nm offshore in water a mile deep is no easy task.

Stay tuned for more, because, "By Endurance We Conquer..." Ernest Shackleton.

Hopefully we hear more about a CAIRD project in the near future.