Koil Energy Solutions Inc. (KLNG)

[JoeSmith]

DPDW Board, Week ending 6-07-08 News & Views. Deep Down Inc.

3rd Acquisition completed June 5, 2008:
http://www.flotec.com/



New Product line ^ CoreTec



News

#msg-29807687 June 5 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) announced today that it has closed a $40 million private placement of common stock to institutional and accredited investors. Deep Down sold 57,142,857 shares of its Common Stock at a price of $0.70 per share. As part of this transaction, Deep Down will file a registration statement covering the resale of the shares of Common Stock acquired in this offering. Dahlman Rose & Company, LLC acted as exclusive placement agent for the financing.
"$22.0 million of the net proceeds to complete the previously announced acquisition of Flotation Technologies, which closed today"
"$12.5 million of the net proceeds to repay a $12 million mezzanine facility that was provided by Prospect Capital Corporation."

#msg-29815138 Deep Down Receives Second $9.0 Million Order for Buoyancy
" HOUSTON, June 5 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW) 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. "

E-mails from IR


charts


#msg-29827887 Clay's video chart
#msg-29836902
#msg-29858638




Some DD posts

#msg-29699855
#msg-29701210
#msg-29704572
#msg-29733360
#msg-29733391
#msg-29733857 Flotec in space
#msg-29734529 "
#msg-29736313
#msg-29736489
#msg-29744269
#msg-29761572
#msg-29792241 The Environmental Benefits of Offshore Drilling
#msg-29793533
#msg-29794084 "MADE IN THE USA " Odim
#msg-29794473 SAM wings
#msg-29796000
#msg-29796752
#msg-29801700 $240B to Develop Brazilian Oil Finds
#msg-29809988 "the real juicy stuff is in the PR"
#msg-29810134 "My take"- Hank
#msg-29815489
#msg-29820893 "DR doesn't do otcbb companies."
#msg-29826283 $23.5M in three large orders from FT
#msg-29827683
#msg-29830614 8-K
#msg-29840237


First JOIDES, now JUPITER. DDI=cutting edge. #msg-29735156

screenshots from DPDW's cameras
#msg-29729966
#msg-29737169
#msg-29738819 2nd RetroBuoy
#msg-29762341
#msg-29770357 RetroBuoy, winding of the carousel
#msg-29772029 "
#msg-29774800
#msg-29778222
#msg-29786689
#msg-29787918 wings
#msg-29795335 Radiation tape
#msg-29806028 winding the 2nd carousel
#msg-29808821
#msg-29810418 Fat
#msg-29833009
#msg-29833212
#msg-29834986
#msg-29840020
#msg-29840533 more iron for the Fab Shop
#msg-29848368
#msg-29864865



Previous week's highlights===> #msg-29684599



Compiled by JoeSmith from some of the great posts on The DPDW board this week.



Deep Down board
http://investorshub.advfn.com/boards/board.asp?board_id=7181

"Golden Cross on the way - should occur within 2-3 weeks" #msg-29802857

DPDW



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