Only a month into the new year, our offshore explorers have turned up some pretty fabulous discoveries. ExxonMobil
February has entered with a bang, and I mean that rather literally. In addition to Gulf of Mexico discoveries by Anadarko Petroleum
I'm referring, of course, to shipwreck hunter Odyssey Marine Exploration
Well, I haven't kept up with the Odyssey Marine story since then, but their latest discovery did grab my attention today. The firm, with a few major discoveries already to its credit, has located the HMS Victory, a great lost English man-of-war from the 18th century -- cannons and all. As with the "Black Swan" discovery, there is said to be a good bit of treasure on board, in the form of gold and silver coins. But that's not the only driving force behind Odyssey's potential monetization of these discoveries.
In partnership with Discovery Communications'
To me, this company remains more of a curio than a compelling investment, but my hat's off to the gentlemen for their latest quixotic success.