Here we go again!

[piratediver]

Triton Project Could Yield Up to $400 Million

Oceanic Research & Recovery Releases Potential Recovery Numbers
February 13, 2009: 09:00 AM ET


Oceanic Research and Recovery, Inc. (PINKSHEETS: ORRV), a marine salvage and exploration company, today announced its newly unveiled project, code-named "Triton," could yield cargo with a fair market value of up to $400 million.

"Based on historical data and market research, ORRV has reason to believe the combined fair-market value of the cargo carried by these ships is estimated at $300 million to $400 million. This valuation is based on a number of factors including: total recovery of 80 %, 15 % loss due to salt water corrosion and wholesale numismatic values," according to Scott Heimdal, President of RS Operations.

The Triton Project encompasses three different Colonial-era shipwrecks, each carrying large shipments of ore species; one of which was partially salvaged shortly after sinking.

As previously stated, Project Triton falls within the company's current operational capabilities. No significant capital expenditures for a salvage ship, survey instrumentation or recovery equipment will be required to move this project forward.

RS Operations (RSOPS) and ORRV announced earlier this week that a merger between the two companies had been completed. The two marine salvage companies merged their assets and management teams. The company intends to continue shallow-water activities while preparations are made to begin targeting deep-water shipwrecks.

For more information on RS Operations and ORRV please go to www.rsoperations.com.

 

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[4theMoney]

Wonder how long its going to take Spain to claim their Peruvian heritage?

 

[4theMoney]

Wonder how long its going to take Spain to claim their Peruvian heritage?

Doing the paper work right now !
Ossy

I just hope Peru gets onboard to protect their heritage from the Spanish....

 

[Saturna]

It's funny how you look through a one way window
Ossy

It's human nature. Just like Spain wanting Gibraltar back, but still holding on to Ceuta and Melilla (sp?).



Jay

 

[old man]

I've heard that this company is hiring a field operations manager that has never been employed by a treasure salvage company. I hear that the guys experience is panning and dredging for gold in streams in California. I wish them a lot of luck.

 

[old man]

piratediver, I was going over old posts looking for companies that made major treasure finds and recoveries and came across your post about the $400,000,000 treasure find code named " triton project", care to give us an update as to what was recovered from the $400,000,000 treasure find. I couldn't find anything in my research and was hoping you could enlighten us??