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To: Paul Senior who wrote (35743)10/21/2009 2:23:09 PM
From: E_K_S  Respond to of 78742
 
You also have to like the LNG discovery by Chevron on 10/18/2009

Chevron announces natural gas discovery in Gorgon field off Australian coast
blog.taragana.com
Chevron announces new gas find off Australia

SAN RAMON, Calif. — Energy company Chevron Corp. said Sunday it has made an additional discovery of natural gas in the giant Gorgon gas field being developed off the northwest coast of Australia.

Chevron said the Achilles-1 exploration well, located about 100 miles off the coast, was drilled to 14,800 feet. The well is located in the WA-374-P permit area.

Chevron owns half the project and is the field operator. ExxonMobil and Shell each hold a 25 percent stake.

In August, Chevron announced discoveries in wells off of Western Australia state. The company and its partners are developing the field, one of the world’s largest, with a plant constructed on Barrow Island. The first gas is expected to be delivered in 2014.

Deals to export gas already have been signed with China, India, Japan and South Korea.

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Many of these new finds are off the coast and are very deep wells that require these new deep drilling platforms. It seems like ExxonMobile has their finger in everyone of these projects. Maybe I need to add to my small XOM position.

EKS



To: Paul Senior who wrote (35743)10/21/2009 3:01:33 PM
From: Madharry  Respond to of 78742
 
dpdw. i cant say Im in love with it but considering that they were able to sell 57 million shares last year at .70 i guess there is always hope that that the ceo will step down and hire someone who can turn a profit. Im in for 10,000 shares. id hate to see this thing turn around and me left watching with no skin in the game. after watching this am i thought i was going to be reducing my longs and increasing my shorts. instead im covering yet another short position at a loss. no mas.



To: Paul Senior who wrote (35743)11/19/2010 1:23:57 PM
From: E_K_S  Read Replies (1) | Respond to of 78742
 
What are you doing with this one? Earnings out today.

Deep Down, Inc. (DPDW.OB)

Deep Down Reports Third Quarter 2010 Results
-- Revenue increases by 36 percent to $11.4 million
-- Gross profit increases 121 percent to $4.7 million
-- Adjusted EBITDA increases by $3.1 million
finance.yahoo.com

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I am thinking of closing out the position, booking my loss and moving on. Any reason to hang on longer?

EKS

FWIW - Followed you in on GOV. My target entry point has been $25.00/share. I stepped up and paid full price. I guess their dividend was increased recently as the 6.5% yield is pretty good for this REIT.