Paul Rankin's questions to ODYSSEY MARINE EXPLORATION (OMEX) leadership • Q1 2015
Question
Paul Rankin of VSA Capital asked about the company's five-year strategic priority between mineral exploration and shipwreck recovery, whether there has been government interest in leasing Odyssey's capabilities, and which geographic areas are currently being avoided for operations.
Answer
CEO Mark Gordon affirmed that mineral exploration is a very significant part of the company's future and will likely be more heavily weighted than shipwrecks within five years. He cited the potential for greater value and a more defined regulatory regime as key drivers. He also confirmed that Odyssey is in dialogue with several governments about potential partnerships or service contracts. Geographically, he mentioned that areas like Eastern Africa and the easternmost Mediterranean are currently being avoided due to geopolitical and other operational risks.