[x] Welcome at THunting.com!

A fun place to talk about Metal Detecting, Treasure Hunting & Prospecting. Here you can share finds and experience with thousands of members from all over the world

Join us and Register Now - Its FREE & EASY

THunting.com
Treasure Hunting & Metal Detecting Community
   
Advanced Search
*
Welcome, Guest! Please login or register HERE - It is FREE and easy.
Only registered users can post and view images on our message boards.
Did you miss your activation email?

Login with email, password and session length
Or Login Using Social Network Account
News:
Pages: 1    Go Down
Print
Share this topic on FacebookShare this topic on Del.icio.usShare this topic on DiggShare this topic on RedditShare this topic on Twitter
Tags:
0 Members and 1 Guest are viewing this topic.
Offline stringfrenzyTopic starter
Gold Member
*

I love THunting
Join Date: Jul, 2006
Thank you3

Activity
0%
Male
United States
Posts: 3448
Referrals: 0

19277.00 Gold
View Inventory

Awards

E-Trac W/X-1 White's DFX  W/4x6 shooter/950 Eclipse/Super 12/Bigfoot/DX-1 BHID Garrett Ultra GTAx 1000             R.A.T.Phones Max
« on: February 26, 2008, 07:36:10 am »
Go Up Go Down

Judge Grants Motion In North Carolina Shipwreck Case:
Odyssey Marine Exploration Named Sole Custodian For Shipwreck Site


Tampa, FL - February 25, 2008 - Odyssey Marine Exploration, Inc. (NasdaqCM: OMEX) has been named the sole plaintiff in the in rem Admiralty case number 4:05-CV-122-D3 pending in the United States District Court for the Eastern District of North Carolina after a U.S. District Judge granted the Joint Motion from Odyssey Marine Exploration and BDJ Discovery Group, LLC for "Substitution of Plaintiff."

In 2005, BDJ Discovery Group filed the original arrest action against the Unidentified Shipwreck Vessel, its apparel, tackle, appurtenances and cargo located in the waters of the Atlantic Ocean approximately 12 miles off the coast of North Carolina.

BDJ Discovery Group, the company that originally discovered evidence of the site, brought the project to Odyssey in 2007 and an agreement was reached for Odyssey to take over all aspects of the project. BDJ has assigned all of its rights to the artifacts and any wreck from which they originate to Odyssey in return for up to 15% of any proceeds from artifact sales after archaeological excavation, conservation, marketing and certain other expenses.

"As other groups assess the real costs and challenges of shipwreck projects, including archaeological recovery, conservation, legal and marketing expenses, we're being called more often on projects like these," commented Greg Stemm, Odyssey CEO. "We have the experience, technical expertise and infrastructure required to effectively handle all aspects of virtually any shipwreck project that comes our way."

"We knew that we had something very interesting when we discovered the first artifacts in the area," observed James Greene of BDJ. "When faced with the challenge of bringing together the technology and expertise for a proper archaeological excavation, much less dealing with legal, political and marketing issues, we felt it made the most sense to turn the entire project over to Odyssey, a proven leader in the field of shipwreck exploration. The quality of the work that the Odyssey team has done on the site since last summer is amazing."

Odyssey has been conducting survey and inspection operations in the area and on the arrested site since August 2007 and is currently planning the next stages of survey and archaeological investigation of the site.

Among other objects, a small number of gold and silver artifacts have been recovered from the "Firefly" site, but the identity of the shipwreck from which the artifacts originated has not yet been confirmed. In order to protect the site, no additional information is being released at this time about the artifacts recovered or operations at the site to date.

Linkback:

You are not allowed to view links.
Please Register or Login

http://www.thunting.com/smf/index.php/topic,2510.msg19807.html#msg19807


Stringfrenzy


Logged
Offline toolboxdiver
Scuba Privateer
Gold Member
*

Pirate For Hire
Scuba Privateer
Join Date: Aug, 2006
Thank you4

Activity
0%
Male
Independent Rouge States
Posts: 1532
Referrals: 0

1895.00 Gold
View Inventory

WWW Awards
« Reply #1 on: February 26, 2008, 06:26:55 pm »
Go Up Go Down

Great article String thanks for posting

Linkback:

You are not allowed to view links.
Please Register or Login

http://www.thunting.com/smf/index.php/topic,2510.msg19808.html#msg19808




Logged

Toolbox's Diver Down
Commercial and Scuba Diving Service
Underwater Prospecting & Treasure Hunter

You are not allowed to view links.
Please Register or Login


Print
Pages: 1    Go Up
Jump to:  

Powered by SMF 1.1.19 | SMF © 2005, Simple Machines | Sitemap
Copyright THunting.com