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Endurance Exploration Group Featured in BBC Article
Endurance Exploration Group Featured in BBC Article.
About this update from Endurance Exploration Group Inc
[{"type":"text","content":"\n \n \n Endurance Exploration Group Featured in BBC Article\n \n \nEndurance Exploration Group Featured in BBC Article\n \n CLEARWATER, FL--(Marketwired - Feb 12, 2016) - Endurance Exploration Group (OTCQB: EXPL) is pleased to have the following article published today by the BBC. Investors can view the full article using the link below.\n http://www.bbc.com/future/story/20160210-inside-the-hunt-for-a-million-dollar-haul-of-ocean-gold\n Endurance CEO Micah Eldred said, \"We're very pleased to have our story presented to the BBC's readership, and we look forward to providing future updates on the salvage of the Connaught and other projects which we have in the works.\"\n Endurance Exploration Group LLC was formed in 2009 to explore, from an operational and financial perspective, the feasibility and potential economic return of recovering historic and modern day shipwreck cargos. We began by developing a research methodology with three goals. The first goal was to establish a comprehensive understanding of the larger economic, technological and social trends that lead to the transport of physical wealth across oceans during different historical periods, along with creating a \"High Interest\" list of shipwrecks and their cargos lost across various historical periods. Conflict, accidents and acts of nature claimed a percentage of all voyages, and many of the shipwrecked vessels are believed to have carried a valuable cargo. Our second objective was to identify, from this prior population of potential shipwreck losses, those shipwrecks that could be legally salvaged and recovered, and the cargos sold, with a positive return on the capital investment required for their location and recovery. Our third goal was to move those projects which had the potential to generate positive investment returns into an operational phase with a high, risk-adjusted, chance of success; and, to develop a portfolio of projects in various stages of research, search, survey and recovery.\n From these databases and other searches, we have developed an initial \"High Interest\" list of approximately 400 shipwrecks. In 2011, we began purchasing key equipment for operations. Our equipment purchases have included a 100-foot survey vessel, tethered side-scan sonar units, and light work-class and inspection Remotely Operated Vehicles (ROV), \"Shackleton 1\"...