Replies to post #38383 on Koil Energy Solutions Inc. (KLNG)

[forgreen]

That is basically the premise of the company. I said that is possible if they execute it. That's all. It is nothing like a projection, merely an affirmation of the genetic makeup of the organization and their capabilities if they expand according to their vision. It is actually in some ways a still very underserved industry and Deep Down has been involved in all of the rigs in the Gulf with flying leads and maintains relationships with most of the major oil companies. When the company is seen as ready for prime time in terms of contract fulfillment the majors will likely direct a great deal more business DPDW's way. As always, big firms like to do business with established properly capitalized companies. DPDW is hitting thresholds now that can loosen those purse strings. The confidence levels in their products is evident by reorders by major companies and Ron Smith to this day is a hands on guy still getting out on the deep sea platforms whenever he can manage it. He is not a conceptual player, but an innovator in an industry that desperately needs them to get these projects off the ground and producing oil. The reality is CEO Ron is a proven entity and a go to guy on these projects. The actual journey the company had to make to take that pedigree and convert it into a greater flow of contracts has been made to a great degree and they have the infrastructure to fill client needs more easily than ever.

[bliz82]

Deep Down Inc Mission Statement:

The mission of Deep Down Inc. is to be the premier Subsea service company providing solutions for the design, manufacturing, testing, and installation support to our client base of operators, control & umbilical suppliers, ROV manufacturers, and installation contractors. The integration of motivated people, working safely with quality equipment, and innovative technology are the tools we use to support this demanding environment of the deep water Subsea industry.

Ron Smith
President & CEO