ROVworld Subsea Information

Odyssey Marine Exploration enters motion in North Carolina shipwreck case
Date: Monday, March 03, 2008 @ 11:00:00 EST
Topic: GENERAL NEWS


Odyssey Marine Exploration enters motion in North Carolina shipwreck caseOdyssey Marine Exploration, Inc. (NasdaqCM: OMEX) and BDJ Discovery Group, LLC have filed a "Joint Motion for Substitution of Plaintiff" in the United States District Court for the Eastern District of North Carolina Admiralty case number 4:05-CV-122-D3.

This joint motion substitutes Odyssey Marine Exploration for BDJ Discovery Group LLC as plaintiff in the In Rem Admiralty case 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. In a separate agreement, BDJ Discovery Group has assigned all of its rights to the artifacts and any wreck from which they originate to Odyssey Marine Exploration.

Among other objects, a small number of gold and silver artifacts have been recovered from the site, code-named "Firefly", 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.

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






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