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News Breaks
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November 5, 2009
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| 09:11 EDT |  | OMEX |
| theflyonthewall.com: | Odyssey Marine signs agreement for shipwreck project with Robert Fraser Marine | | Odyssey Marine Exploration and its associated company, OVH, have executed agreements to provide project research and shipwreck search and survey services for a project code-named “Enigma” to Robert Fraser Marine Ltd and client companies of Robert Fraser & Partners LLP. Under the agreements, Odyssey furnished research related to the “Enigma” and its sinking and will provide a research vessel, equipment and crew to search a specified area and inspect targets in that area. The contracts provide initial cash payments totaling approximately $3.5M to Odyssey and OVH as well as additional payments upon the sale of coins or artifacts from the “Enigma” project. After repayment of salvage costs and fees, Odyssey and OVH will receive 80% of net revenue in aggregate until an additional $20M has been received and then 50% in aggregate of all further net revenue. Upon location of the “Enigma” shipwreck, Odyssey will enter into additional agreements for the archaeological excavation of the site as well as conservation and documentation of the artifacts recovered. Odyssey will also have exclusive rights to market the recovered cargo. :theflyonthewall.com |
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February 2, 2012
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| 07:59 EDT | | OMEX |
| theflyonthewall.com: | Odyssey Marine executes agreement with the Maritime Heritage Foundation | | Odyssey Marine Exploration has executed an agreement with the Maritime Heritage Foundation for the financing, archaeological survey and excavation, conservation and exhibit of HMS Victory (1744) and artifacts from the shipwreck site. HMS Victory was a British First Rate Warship that sank during a storm in 1744 while under the command of Admiral Sir John Balchin. :theflyonthewall.com |
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