Endurance Exploration Group (OTCQB:EXPL) is pleased to announce that it has received a proposal for the charter of the vessel Atlantic Explorer from Atlantic Marine & Aviation. The Atlantic Explorer is a 230 ft, DP-1 equipped vessel designed specifically for subsea salvage and construction work. The vessel is further equipped with a specialized, integrated load bearing ROV system capable of lifting 20 tons of material using her multi-tool “ROGE” system deployed from the vessel’s moon pool. The ROGE system is a multi-tool system that is capable of moving heavy and large quantities of subsea material using its various grabs, cutting tools, and sediment excavation tooling. The proposal from Atlantic Marine provides Endurance with the option of chartering either the vessel with the integrated ROGE system onboard, or chartering a secondary, mobile ROGE system for placement on a vessel of opportunity in the USA. The proposal includes a significant discount to the vessel and systems standard charter rate in exchange for a modest participation in the economic returns of various salvage projects undertaken by Endurance. The Endurance Board of Directors is evaluating the proposal, the equipment’s technical capabilities, the equipment’s availability and expected salvage weather windows, Endurance’s 2016 salvage budget and finances, and the overall economics of the proposal with an eye towards moving to a full charter contract.
(First Posted on ExpeditionWriter.com)
Too often, it seems that we know little about the underwater world until something goes terribly, terribly wrong. In 2010 BP oil platform Deepwater Horizon exploded while drilling an exploratory well, blowing out at the ocean floor and spilling an estimated 210 million gallons of crude hydrocarbons into the Gulf of Mexico.
While scientists are still working to understand the oil spill’s impact on oceanic and coastal flora and fauna, the fate of critical underwater shipwrecks and other archaeological resources has gone largely unnoticed—until now.
Congratulations to Endurance Exploration Group Director of Research Taylor Zajonc on the official release of his first novel, THE WRECKING CREW! Taylor’s passion for history and adventure has translated into amazing undersea work here at Endurance; we couldn’t be more pleased to see him extend those talents into his exciting new book.
Freed from a secret Moroccan prison, deep-water salvage diver Jonah Blackwell leads a high-stakes search for a missing research team in the pirate-infested waters of Somalia. When his expedition threatens the ambitions of billionaire Charles Bettencourt, Jonah must hijack a hostile submarine and unite former adversaries against a team of ruthless mercenaries. At the center of it all is a mysterious red that that threatens the entire region–a plague that must be stopped at any cost.
Endurance Exploration Group (OTCQB: EXPL) is pleased to announce that it has appointed Keith Holloway as Vice President of Shareholder Communications. As Director of Discount Coupons Corporation (OTC PINK: DCOU) and former executive with Lamar Advertising, Keith brings 20+ years of marketing, advertising and public company experience.
“Keith’s role as Vice President of Shareholder communications becomes important in 2016 and beyond as we expect our operational results to begin to attract the attention of a larger group of public investors. We look forward to Keith’s involvement in serving our company and shareholders,” said Endurance CEO, Micah J. Eldred.
Annapolis, MD | December 28, 2015
Endurance Exploration Group strategic partner Eclipse Group, Inc. (EGI) announces the acquisition of the R/V New Horizon, a 170’ U.S. Flagged research vessel. The vessel has been renamed the Bold Horizon to reflect EGI’s corporate vision. The Bold Horizon is home ported at the 10th Avenue Marine Terminal located in San Diego, California.
Endurance Exploration Group, Inc. (OTCQB:EXPL) plans to present to its core investor group at the annual Freedom Investors / KDC Financial conference in Milwaukee on Monday, September 21st and Tuesday, September 22 (www.freedominvestorscorp.com) regarding current success and future operations at the site of the shipwreck Connaught, a steamship lost in 1860 with a cargo of gold coins. The updated investor presentation is attached as an exhibit herein. In addition, Endurance has updated their corporate Facebook page (https://www.facebook.com/EnduranceExplorationGroup) with video and still imagery from their recent subsea survey and salvage work of the Connaught wreck site.
Endurance Exploration Group (OTCQB:EXPL) is pleased to announce that it has completed a video survey of the shipwrecked paddle steamer Connaught and retrieved the first artifacts from the surrounding debris field. These artifacts, including bottles and chinaware, are currently undergoing conservation. Initial video footage of the site will be released soon.
“This represents the first big step as we begin the careful excavation of the shipwreck Connaught,” said Endurance CEO Micah Eldred. “Artifacts from the debris field are giving us an up-close look into the condition of the ships’ cargo after 155 year of submergence and fishing net strikes. This information is critical to our exploration of the Connaught’s interior as we work to locate her gold cargo.”
What is side scan sonar? And how does it help find shipwrecks?
SONAR (Sound Navigation And Ranging) refers to the use of underwater sound waves to detect objects. Typically towed behind a ship, a sonar unit sends out sound waves and records the strength of the returning echo. Rocks, obstructions and man-made objects stand out from the surrounding seabed, as their smooth or irregular shapes typically reflect sound more easily than the ocean bottom and any object rising from the ocean floor will create a “shadow” behind it, further clues to the shape and size.
Endurance Exploration Group is pleased to announce that Stage 1 of our summer 2015 survey and recovery mission to steamship Connaught has been successfully completed! Our ship is now back at dock to swap out gear and personnel for the next stage.
What have we done so far? It’s been a busy few weeks of mobilization and offshore work for Endurance. Our crew first re-established the exact location of the wreck site and associated debris field using data collected from our 2013 and 2014 expeditions. Next, we surveyed the site with 500 kHz high-resolution side scan sonar from multiple angles to map the shipwreck hull and debris field. Finally, we deployed a three-point anchor mooring system. This meant dropping three 2,000lb anchors, 2,000lbs of anchor chain and 4000ft of heavy-duty wire rope, a system that will keep us on station regardless of wind and tide.
What’s the story of the steamship Connaught? What is the history and how did she become a shipwreck?
Launched in 1860, the Connaught was a steam‐powered packet ship, part of a fast and indispensable transatlantic mail and passenger link between Britain and the United States. Large for her time, she was a side‐wheel steamer constructed almost entirely of iron.