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Re: brwtrpilot post# 87277

Saturday, 03/21/2009 3:52:53 PM

Saturday, March 21, 2009 3:52:53 PM

Post# of 107353
"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?



My posts are my opinions. Always dd to your own comfort level.

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