Page 1032 - Dive the Seas and More-2

3DODX 3DFLILF 5HVRUW 335 LV D OX[XU\ UHVRUW
KRWHO LQ D WUDQTXLO OXVK ODQGVFDSH RQ D 7KH &DUROLQHV 5HVRUW 3HUFKHG RQ D KLOO .RURU /RFDOO\ &DOOHG 2UHRU 7KUHH LVODQGV FRQQHFWHG E\ EULGJHV DQG FDXVHZD\V PDNH XS .RURU 6WDWH 1LQHWHHQWK &HQWXU\ 1JHUHFKXU
%ULWLVK LQIOXHQFH PDGH .RURU WKH PRVW GHYHORSHG SDUW RI 3DODX 7KH -DSDQHVH RYHUWRRN .RURU LQ PDNLQJ LW WKHLU :RUOG :DU
ORYHO\ EHDFK VXUURXQGHG E\ FU\VWDO ZDWHUV ZLWK WKH JUHDWHVW VXQVHW YLHZV LQ D .2525 ,, 3DFLILF KHDGTXDUWHUV 7KH\ SDYHG URDGV DQG LQVWDOOHG HOHFWULFLW\ DOWKRXJK DIWHU WKH ZDU .RURU VWUXJJOHG WR UHEXLOG DV LWV
7KLV LV D JUHDW VSRW IRU D KRQH\PRRQ RU IRU MXQJOH VHWWLQJ WKLV UHWUHDW DOVR KDV EXLOGLQJV DQG EULGJHV KDG EHHQ ERPEHG 7KHUH ZDV OLWWOH IRUHLJQ LQWHUHVW XQWLO WKH HDUO\ V ZKHQ VFXED GLYHUV DQG
GLYHUV ZKR ZDQW WR EH SDPSHUHG 6QRUNHOLQJ DFFHVV WR 335 V VXSHUE EHDFK DQG VQRUNHOHUV GLVFRYHUHG WKH PDJQLILFHQW XQGHUZDWHU ZRUOG DQG LQFUHGLEO\ VFHQLF LVOHWV RI 3DODX 7KH DGYHQW RI GLYH WRXULVP DQG
ULJKW RII WKH KRWHO V EHDFK LV VXSHUE $ IDFLOLWLHV KHOS IURP WKH 8 6 JRYHUQPHQW KHOSHG .RURU WR KDYH D EHWWHU VWDQGDUG RI OLYLQJ 1RZ WRXULVWV FRPH PRVWO\ IURP -DSDQ 7DLZDQ 7HW (O %DG 6WRQH &RIILQ /RFDWHG LQ WKH YLOODJH
VDOWZDWHU ILVK SRQG KDV ILVK FODPV DQG 1JHUNHNODX RI 2OOHL WKLV UHFWDQJXODU VWRQH FRIILQ LV SODWIRUP
VWLQJUD\V 7KH KRWHO V $OIUHVFR 5HVWDXUDQW KDV 5RVH *DUGHQ 5HVRUW 6WRQH SDWKZD\V OHDG +RQJ .RQJ WKH 3KLOLSSLQHV $XVWUDOLD WKH 8 6 $ DQG (XURSH $OWKRXJK WKH FDSLWDO RI 3DODX KDV EHHQ PRYHG IURP .RURU WR XVHG IRU WKH ORFDO FKLHIVn PHHWLQJ KRXVH 7KH
ILQH GLQLQJ WKUHH PHDOV D GD\ DQG WKHLU WR FRWWDJHV RYHUORRNLQJ WKH EHDXWLIXO 0HOHNHRN .RURU VWLOO KDV WKH PDMRULW\ RI WKH SRSXODWLRQ SOXV LW KDV PRVW RI 3DODXnV ILQHVW KRWHOV DQG UHVWDXUDQWV DQ DTXDULXP VWRQH FRIILQ LV DQ H[FHOOHQW H[DPSOH RI H[SHUW
GLQQHU EXIIHW LV RQH RI WKH EHVW PHDOV LQ DOO ED\V RI .RURU DQG WKH 3KLOLSSLQH 6HD ORFDO KDQGLFUDIW VWRUHV DQG PXVHXPV $OO RI 3DODX V PDMRU GLYH RSHUDWRUV KDYH D EDVH LQ .RURU 9LVLWRUV ILQG WKDW .RURU DQG DOO RI FDUYLQJ RI D VDUFRSKDJXV ZLWK ERWK WKH FDVNHW
3DODX KDV QR VWUHHW QDPHV 7KH URDG WKURXJK WRZQ LV FDOOHG 7KH 0DLQ 5RDG DQG DOO RWKHU VWUHHWV DUH GHVFULEHG IRU ZKHUH WKH\
RI 3DODX 7KH UHVRUW KDV D GRFN ND\DNV JR VXFK DV 7KH 5RDG WR WKH $TXDULXP RU 7KH 5RDG WR 335 7KH URDG DURXQG %DEHOGDRE LV VLPSO\ FDOOHG 7KH &RPSDFW 5RDG %ULGJH $UXNRURQ 3RLQW DQG WKH OLG PDGH RI DQGHVLWH URFN
FDWDPDUDQV D VZLPPLQJ SRRO DQG WHQQLV
&OLIIVLGH +RWHO /RFDWHG LQ SULVWLQH QDWXUDO . % 7R $LUSRUW
VXUURXQGLQJV ZLWK VXQULVH DQG PRRQULVH
YLHZV DQG D EDOFRQ\ IRU HYHU\ URRP $OVR 0LOHV
IHDWXUHV WKH 7XUWOH &RYH 5HVWDXUDQW DQG WKH 6WRQH )DFHV 2I %DGUXOFKDX ,Q D ILHOG
-XQJOH %DU E\ WKH SRRO *URFHU\ 6KRSSLQJ )RU DOO \RXU JURFHU\ QHHGV VWRS LQ DW &URFRGLOH )DUP 2//(, WKHUH DUH URZV RI ODUJH EDVDOW
:&7& RU 6XUDQJHO 6RQV %RWK DUH JUHDW EXW 6XUDQJHO .LORPHWHUV PRQROLWKV ,Q DOO WKHUH DUH VWRQHV
0H\XQJV 2OG 6RQV FDWHUV PRUH WR $PHULFDQ RU :HVWHUQHU WDVWHV DQG 6&$/( VRPH ZHLJKLQJ XS
$UDNDEHVDQJ ,VODQG 6HDSODQH 5DPS :&7& FDWHUV PRUH WR $VLDQ WDVWHV %RWK KDYH VKRSSLQJ 3DODVLD +RWHO 7KLV URRP KLJK ULVH KRWHO LQ WKH FHQWHU WR WRQV 7KH
FHQWHU ORFDWLRQV ZLWK RWKHU ILQH VWRUHV
2XWGRRU 6ZLPPLQJ 3RRO
RULJLQVRI WKHVH
6RIWEDOO )LHOG RI .RURU KDV WRZQ RU ED\ YLHZ URRPV ZLWK QLFH VZLPPLQJ 1*$5&+(/21* VWRQHV D U H
$5$.$%(6$1* 7KH &DUROLQHV 5HVRUW 3UHVLGHQW V %HODX 1DWLRQDO +RVSLWDO SRROV D ILWQHVV FHQWHU UHVWDXUDQWV DQG EDUV 0LQJ V ,0(7$1* XQNQRZQ DV LV WKH
+$0/(7 3DFLILF 7UHDVXUHV 6KRS 0(<81*6 6DWHOOLWH 2IILFH %DQGLGR V 0H[LFDQ &DQWLQD 5HVWDXUDQW 5HVWDXUDQW IHDWXUHV VXSHUE &KLQHVH FXLVLQH UHDVRQ WKDW PDQ\
335 +$0/(7 <HV \RX FDQ LQGHHG JHW DXWKHQWLF 0H[LFDQ KDYH EHHQ FDUYHG
%HDFK 3DODX 3DFLILF IRRG DQG PDUJDULWDV LQ 3DODX 7KH IRRG LV (WSLVRQ 0XVHXP 7KLV SULYDWHO\ RZQHG PXVHXP LQWR VFDU\ IDFHV
5HVRUW 335 JUHDW DQG WKH DWPRVSKHUH LV IXQ GLVSOD\V 3DODXDQ KLVWRU\ DQG DUWLIDFWV 7KHUH LV DQ
335 'RFN 6SODVK 'LYHUV 5RVH *DUGHQ H[FHOOHQW JLIW VKRS IRU JHQXLQH 3DODXDQ VRXYHQLUV
5HVRUW 7KH 3ULVRQ 6KRS &RQYLFWV VSHQG WKHLU SOXV WKH SRSXODU 5HHI 5HVWDXUDQW 7KLV PXVHXP
(OLODL 5HVWDXUDQW SULVRQ VHQWHQFH FUDIWLQJ DUWZRUN RXW RI UDWHV DV RQH RI 0LFURQHVLD V ILQHVW
ZRRG LQ WKH IRUP RI 3DODXDQ VWRU\ERDUGV
7KLV LV D IDYRULWH VWRUH LQ 3DODX IRU JLIWV :HVW 3OD]D &RUDO
5HHI +RWHO
)LVK 1 )LQV 2SHUDWLQJ VLQFH VRPH DQG JHQXLQH PDGH LQ 3DODX DUWLIDFWV :DWHUIURQW 9LOOD 0(1*(//$1*
VD\ WKLV LV WKH PRVW FRPSOHWH GLYLQJ DQG 7KH 7DM 3DODX <RX FRXOG HDW DW 1*$5$$5' 67$7( 7KLV VWDWH KDV VRPH
WRXU VHUYLFH LQ 3DODX 7KH VKRS LQFOXGHV UHVWDXUDQWV WKH ZRUOG RYHU WU\LQJ RI WKH EHVW DFFHVVLEOH EHDFKHV RQ %DEHOGDRE
SKRWR VHUYLFHV D WHFKQLFDO GLYLQJ WR ILQG IRRG WKLV JRRG 7KLV LV QRW ,W DOVR KDV WKH ODUJHVW HDVW ZHVW VWRQH SDWK
&OLIIVLGH FHQWHU ND\DNV RXWULJJHU FDQRHV ODQG MXVW WKH EHVW ,QGLDQ IRRG ZLWK :HVW 0RWHO WKDW JRHV IURP WKH 3DFLILF 2FHDQ WR WKH
3KLOLSSLQH 6HD )ROORZ WKH VLJQV WR WKH 1RUWK
+RWHO WRXUV VQRUNHOLQJ WULSV URFN LVODQG WRXUV LQFUHGLEO\ GHOLFLRXV YDULHW\ EXW LW E\ WKH 6HD 1*(5&+(0$, %HDFK &RWWDJHV WR ILQG D WHUULILF UHVWDXUDQW
DQG ILVKLQJ WULSV )LVK 1 )LQV FDQ DOVR LV WKH EHVW IRRG SHULRG :KHQ \RX 1RUWK %HDFK &RWWDJHV
VHW \RX XS LQ WKHLU DPD]LQDJ OLYHDERDUG DUH WKHUH VD\ WKDQNV WR 5REHUW 0(.(7,, &RFRUR +RWHO IRU \RXU OXQFK 3KRQH
GLYH ERDWV WKH 2FHDQ +XQWHU )OHHW 6HH
ZZZ ILVKQILQV FRP :&7& (WSLVRQ 0XVHXP 7UHH ' 0RWHO $SWV
7HEDQJ :RRGFDUYLQJ 6KRS
1HFR 0DULQH 'LYH 6KRS 1HFR PHDQV 1JLUDWNHO (WSLVRQ &RPSDQ\ 0('(/$,, 6XUDQJHO 6RQV
IRXQGHG DIWHU ::,, E\ 1JLUDWNHO (WSLVRQ WKH KRQRUDEOH / . 0RWHO . 5 6KRSSLQJ &HQWHU
ODWH SUHVLGHQW RI 3DODX 7RGD\ 1HFR KDV D ODUJH DLU FRQGLWLRQHG UHWDLO $SWV P
VSDFH LQWHUQHW FDIH JHDU URRP UHQWDO JHDU VFXED WUDLQLQJ SRRO '1*(521*(5
SKRWR VHUYLFHV DQG D IOHHW RI IDVW GLYH ERDWV 1HFR 0DULQH DOVR 3DODX 9LVLWRUV ': 0RWHO 1HZ .RURU +RWHO .RURU ,VODQG
IHDWXUHV 7KH 'URS RII %DU DQG *ULOO FHUWDLQO\ RQH RI 3DODX V EHVW $XWKRULW\ %DQN RI *XDP 3DODVLD +RWHO ,',' 1JDUGPDX
+. 0RWHO
UHVWDXUDQWV 'HWDLOV DW ZZZ QHFRPDULQH FRP 3HOHOLX &OXE 3DUDGLVH 'LYHUV 3DODX 0LQJnV 5HVWDXUDQW 1*(5.(62$2/ %D\
+RWHO
.RVLLO /DQGLQJ -XGLFLDO %XLOGLQJ 9,3 *XHVW +RWHO 3DODVLD +RWHO *UHHQ %D\ +RWHO 1*$5'0$8 67$7( 7KH UXLQV DQG
)XML
/RQJ ,VODQG :HVW 3OD]D %DQN RI 5HVWDXUDQW 3HQWKRXVH ,.(/$8 WHUUDFHG VWULS PLQHV RI WKH V
-DSDQHVH EDX[LWH PLQLQJ RSHUDWLRQV
5HFUHDWLRQ $UHD +RWHO 'HVHNHO +DZDLL +RWHO FDQ EH IRXQG LQ 1JDUGPDX 6WDWH
<XKL 0RWHO
3DODX ,QWHUQDWLRQDO .RURU 6WDWH :HVW 0RWHO 3OD]D %XOOHW KROHV FDQ EH VHHQ DW WKH SUR %.8/ $
0$0/ &RUDO 5HHI &HQWHU &DSLWRO 6XUL\RWDKDL 5HVWDXUDQW 1*(50,' FHVVLQJ SODQW UXLQV DQG DW FDEOH FDU 1*(6$1*
'LYHUV /HKQ V 0RWHO 7KH *XHVW /RGJH 6KLQWR 6KULQH +$0/(7 ORFDWLRQV ZKHUH SURFHVVHG RUH ZDV
3DODX 0DULQD +RWHO )LVK 1 )LQV EURXJKW EDFN WR D GRFN DUHD WR EH
6DPnV 7RXUV &RUDO 5HHI $SWV VKLSSHG WR -DSDQ V DOXPLQXP SODQWV
5HVHDUFK &WU 3DODX $TXDULXP 1LNNR +RWHO FORVHG
'ROSKLQV 1(&2 0DULQH 3DODX %HODX 1DWLRQDO 0XVHXP 7KLV ZRQGHUIXO PXVHXP 1*$5$$5'
GLVSOD\V 3DODXnV FXOWXUH DQG QDWXUDO KLVWRU\ IURP
6DPnV 7RXUV 7KLV VXSHUE 3$', ILYH 3DFLILF 3ODQWDWLRQ DQFLHQW WLPHV WKURXJK WKH -DSDQHVH SHULRG WKH
VWDU 1DWLRQDO *HRJUDSKLF GLYH FHQWHU 5RFN ,VODQG 7RXU &R %OXH 0DUOLQ 'LYH 6KRS WUXVW WHUULWRULHV SHULRG DQG LQWR PRGHUQ WLPHV P
DQG HFR DGYHQWXUH WRXU FRPSDQ\ 8%', %HODX 7RXU 3DODX 5R\DO 5HVRUW %HODX $UW *DOOHU\ 5HVRUW +DV D IDQWDVWLF JLIW VKRS DQG ERRN VWRUH
RSHUDWHV \HDU URXQG RIIHULQJ VFXED 3DODX 'LYLQJ &HQWHU 1*(7%21*
WULSV VQRUNHO WULSV URFN LVODQG WRXUV
ODQG WRXUV DQG ND\DN WULSV 6DP V 3DODX 0DULQH &OXE 'D\ 'UHDP 'LYHUV 1LNNR %D\
JXLGHV KDYH LQWLPDWH NQRZOHGJH RI :HVW 3OD]D +RWHO )HUULHV WR $QJXDU 3HOLOLX 1*(5%(&+('
3DODX )RU D VSHFLDO DGYHQWXUH DVN WR 3DOP %D\ %LVWUR $QWHORSH 'LYHUV P
H[SORUH RQH RI 3DODX V VDOW ZDWHU 0DODNDO 5HG 5RRVWHU &DIÃ
ODNHV 9LVLW ZZZ VDPVWRXUV FRP 3DODX 0$0/ 'LYHUV )XOO VHUYLFH
GLYH VKRS VSHFLDOL]LQJ LQ
'ROSKLQV 3DFLILF 3DODX V GROSKLQ ,VODQG 7HUPLQDO VHUYLQJ $VLDQ WRXULVWV 1JDUGPDX :DWHUIDOOV $Q KRXU RU WZR
3RUW
IURP WKH 1JDUGPDX 'RFN GHSHQGLQJ
UHVHDUFK IDFLOLW\ DOVR RIIHUV D ILQH 0DODNDO %HDFK 6LGH +RWHO 1*.(./$8
URFN LVODQG GROSKLQ H[SHULHQFH %OXH 0DUOLQ 'LYH 6KRS 'LYH VKRS VSHFLDOL]LQJ RQ \RXU WUHNNLQJ DELOLW\ RU KLNH GRZQ
6HH ZZZ GROSKLQVSDFLILF FRP 5LS 7LGH %DU *ULOO LQ FDWHULQJ WR $VLDQ WRXULVWV 1JDUGPDX IURP WKH &RPSDFW 5RDG LQ DERXW
PLQ <RX FDQ VZLP LQ WKH VWUHDP EHORZ
3DODX 0DULFXOWXUH 'HYHORSPHQW &HQWHU 3DODX 5R\DO 5HVRUW )LYH VWDU UHVRUW KRWHO KDV 1*$5'0$8 :DWHUIDOOV WKH ORYHO\ IDOOV 7KH IDOOV DUH ORFDOO\
0LOOLRQV RI FODPV DUH QXUWXUHG LQ WKH DOO RI WKH DPHQLWLHV LQFOXGLQJ OX[XU\ URRPV NQRZQ DV 0HGDOD ,HFKDG ([SHFW WR
ZRUOG V ODUJHVW JLDQW FODPV QXUVHU\ DQG D VXQQLQJ EHDFK &RQYHQLHQWO\ ORFDWHG 3DODX 3ODQWDWLRQ 5HVRUW SD\ D IHH 7KHUH DUH DOVR D FRXSOH RI
DQG WKHQ WKH\ DUH UHOHDVHG LQWR WKH RQ D JRUJHRXV ED\ +RWHO UHVWDXUDQW RIIHUV )LIWHHQ URRPV DYDLODEOH FDELQV DW WKH IDOOV WKDW \RX FDQ UHQW
ED\V 30'& UHDUV KDZNVELOO WXUWOHV IRU ERWK $VLDQ DQG :HVWHUQ FXLVLQH DW WKLV ILQH KRWHO ORFDWHG IURP WKH ORFDOV
UHOHDVH DV ZHOO 3DODX $TXDULXP 6HYHQWHHQ KDELWDWV LQ WKH PLGGOH RI D OXVK P
SULPHYDO IRUHVW 2IIHULQJ
:HVW 3OD]D +RWHOV 7KH :HVW 3OD]D &RUDO ,FH %R[ 3DUN 1LFH JUDVV\ SDUN ZLWK DQG WHQ DTXDULXPV GLVSOD\ WKH IDEXORXV DXWKHQWLF -DSDQHVH DQG /DNH 1JDUGRN 7KH ODUJHVW QDWXUDO ODNH
5HHI %\ WKH 6HD 'RZQWRZQ 'HVHNHO VWDLUVWHS DFFHVV WR LQWHUHVWLQJ VQRUNHOLQJ EHDXW\ GLYHUVLW\ DQG LPSRUWDQFH RI 3DODXDQ FXLVLQH DW LQ 0LFURQHVLD LV WKH FHQWHU RI WKH 1JDUGRN
DQG 0DODNDO RIIHU \RX GLYHU IULHQGO\ 1DPHG IRU -DSDQHVH LFH PDQXIDFWXULQJ 3DODX V FRUDO UHHI HQYLURQPHQW <RVKLWVXPH %%4 &DOO P 1DWXUH 5HVHUYH ,WV ZHWODQGV DQG XSODQGV
FRPIRUW DQG DIIRUGLELOLW\ RQ .RURU DQG WKDW ZDV RQFH ORFDWHG KHUH RU YLVLW IRUHVW SURYLGH KDELWDW IRU UDUH ELUGV UDUH
0DODNDO ,VODQGV ZZZ SDODX UHVRUW FRP QDWLYH SODQWV DQG RUFKLGV DQG WKH HQGDQ
JHUHG FURFRGLOH LXV 7KLV ODNH FROOHFWV
1*,:$/ ZDWHU IURP D DFUH ZDWHUVKHG DQG
GUDLQV WR WKH VHD YLD WKH 1JHUGRUFK 5LYHU
3(/(/,8 $W WKH VRXWKHUQPRVW HQG RI P 7KH UHVHUYH SURWHFWV WKLV KDELWDW DQG
3DODX V KXJH EDUULHU UHHI LV WKH LVODQG RI 3(/(/,8 JXDUDQWHHV ZDWHU TXDOLW\ IRU QDWXUH DQG D
3HOHOLX ZKLFK ZDV WKH ORFDWLRQ RI VRPH RI 7RDFKHO 0OHQJXL -DSDQHVH &DQQRQV 7ZR FDQQRQV SULVWLQH ZDWHU VXSSO\ IRU WKH SHRSOH RI
WKH ::,, 3DFLILF 7KHDWUH V ILHUFHVW IURP :RUOG :DU ,, DUH IRXQG 0HOHNHRN 3HUPLVVLRQ WR HQWHU LV UHTXLUHG
ILJKWLQJ DV WKH $OOLHG )RUFHV URXWHG WKH :HVW &KDQQHO DORQJ D UHG FRORUHG URDG IURP WKH 5HVHUYH 0DQDJHU RU IURP WKH

-DSDQHVH RFFXSLHUV 8QGHUJURXQG IRUWV 1DPDL 6WDWH RIILFH &DOO $Q
DQG FDYHV ZHUH VHDOHG RII ZKHQ WKH RIILFHU ZLOO DFFRPSDQ\ \RX
-DSDQHVH VROGLHUV UHIXVHG WR VXUUHQGHU %D\
-DSDQHVH DQG $PHULFDQ PHPRULDOV DUH 1*('%86 3KRWR E\ 0DQG\ (WSLVRQ 1HFR 0DULQH :(67 &+$11(/ 1JLPLV 681.(1 9,//$*(
IRXQG DOO RYHU WKH LVODQG SOXV WKHUH DUH '523 2)) 9LOODJH 5XLQV
ROG WDQNV HQJLQHV DQG RWKHU ZDU GHEULV 1JHGEXV :,/' :(67 &25$/ *$5'(1 %.8/$1*5,,/ P 6XQNHQ &LW\ 1JLEWDO $FFRUGLQJ WR
UXVWLQJ DZD\ 1XPHURXV FRPSDQLHV 1JDUGRN 3DODXDQ OHJHQG WKLV FLW\ VDQN LQWR WKH
LQFOXGLQJ 3DODX V PDMRU GLYH VKRSV RIIHU ,PHRQJ 7UDGLWLRQDO 9LOODJH $ IDVFLQDWLQJ SLHFH RI 1DWXUH VHD ZKHQ LW ZDV IORRGHG DIWHU D EUHDG
ODQG WRXUV RI 3HOHOLX VRPHWLPHV EHWZHHQ DQFLHQW 3DODXDQ KLVWRU\ ZKHUH \RX FDQ ZDON DORQJ IUXLW WUHH ZDV FXW GRZQ :DWHU JXVKHG
RU DIWHU GLYHV 0DQ\ RI WKH ORFDO 3HOHOLX (OHPHQWDU\ 6FKRRO ,VODQG 9LHZ ,QQ DQFLHQW VWRQH URDGZD\V WR YLHZ VWRQH SODWIRUPV P 5HVHUYH RXW ZKHUH WKH WUHH KDG VWRRG
KRXVHV ORRN OLNH D PDNHVKLIW PXVHXP ZLWK ::,, -DSDQHVH 1RUWK DQG EXLOGLQJ VLWHV D VWRQH EULGJH EXULDO ORFDWLRQV 1*$5(0/(1*8,
::,, DUWLIDFWV LQ WKHLU \DUGV RQ GLVSOD\ &RPPXQLFDWLRQV &HQWHU %HDFK 1RUWK 'RFN VWRQH PRQROLWKV DQG FXOWXUDO VLWHV /DNH 1JDUGRN %/,6$1*
3HOHOLX LV UHDFKHG YLD ERDW RU YLD VPDOO 3UHVLGHQW 5HPHOLLN V 0HOHNHRN %DL 7KLV WUDGLWLRQDO EDL ZDV EXLOW
DLUFUDIW ZKLFK ODQGV DW D ::,, -DSDQHVH ./28./8%(' *UDYH 6LWH 1JHWEDU 5HHI P E\ WKH SHRSOH RI 0HOHNHRN DQG LV RQH RI IRXU
VWDQGLQJ EDLV LQ 3DODX
ODQGLQJ VWULS 7KLV LVODQG VWDWH LV NQRZQ 6WRU\ERDUG 5HVRUW 9,//$*( *RYHUQRU V 2IILFH 8OXDQJ 7HUUDFHV 7KHVH WHUUDFHV DUH FRQVLGHUHG WR EH 0(/(.(2.
IRU IDEXORXV VFXED GLYLQJ VLWHV .HLER V 6WRUH P ,0(/&+2/ RQH RI WKH PRVW LPSRUWDQW DUFKHRORJLFDO VLWHV LQ 3DODX '(6752<(5
:$.$7$.(
8 6 :LOGFDWV 0RQXPHQW 0D\XPL V ,QQ 9,//$*( 7KHVH EHDXWLIXO H[DPSOHV RI DQFLHQW DJULFXOWXUDO WHUUDFHV 2GDOPHOHFK 6WRQH )DFHV 7KLV VLWH
ZHUH DEDRQGRQHG DIWHU LQWHU YLOODJH ZDUIDUH
:HQW\ ,QQ 5DGDU +LOO GDWHV WR $ ' 7KHUH DUH VL[
1*(5.6,8/ .DUDPDGRR
5XULLG %D\ P VWRQH IDFHV ZKLFK DUH EHOLHYHG WR
UHSUHVHQW 2GDOPHOHFK D 3DODXDQ
<(//2: 1*(58/,1* JRG DQG KLV ILYH FRXQFLOPHQ
:$//
&RQVHUYDWLRQ $UHD .,%8 0$58
0LOHV 5LGJH
1*$5(0/(1*8, 67$7( $ORQJ WKH PDLQ GLUW URDG 1JHUGLOXFKHV
HQWHULQJ WKH LQWHULRU RI 1JDUHPOHQJXL 6WDWH \RX ZLOO
.LORPHWHUV 3(/(/,8 1RVH VHH WKH UHPDLQV RI D -DSDQHVH SLQHDSSOH SODQWDWLRQ DQG P 5HHI
6&$/( 1JHEDG FDQQHU\ 2OG RYHQV DQG ORDGV RI UXVWLQJ PDFKLQHU\
%ORRG\ 1JHVXDO FDQQRW EH PLVVHG $ VWRQH PRQXPHQW RYHUORRNV WKH
SODQWDWLRQ DUHD /RRN FDUHIXOO\ IRU D ZUHFNHG VHDSODQH V
1JXUXQJRU ZLQJV DQG HQJLQH RQ WKH RSSRVLWH VLGH RI WKH URDG 1*$73$1* P 1*&+(6$5
1JXUXQJRU 3LFQLF $UHD 1JDWSDQJ
%ORRG\ 1RVH 5LGJH 0RQXPHQWV :DWHUIDOO
P -DSDQHVH 6KULQH 3HOHOLX 6KULQH 1JHUPHOW 6ZLPPLQJ +ROH :RUOG :DU ,, 0RQXPHQW 7KH PDLQ ERPEHG RXW -DSDQHVH 0LOLWDU\ 1JHUGRUFK 5LYHU
-DSDQHVH &DQQRQ 7DQN +HDGTXDUWHUV DQG D SUHVHQW GD\ ZDU PHPRULDO DUH DORQJ WKH PDLQ :DWHUVKHG
-DSDQHVH :DU 5XLQV $PHULFDQ 7DQNV URDG WKURXJK 1JDWSDQJ 6WDWH QHDU D UXVWLQJ FRPPXQLFDWLRQV WRZHU P
-DSDQHVH 3RZHU 3ODQW $PHULFDQ SULHVWV DQG PLVVLRQDULHV ZHUH H[HFXWHG DW D QHDUE\ KLOO
-DSDQHVH 0LOLWDU\ +HDGTXDUWHUV GXULQJ WKH ZDU 7KH S\UDPLG VKDSHG PRQXPHQW LV GHGLFDWHG WR WKH ,GLPV 5HHI
:KLWH +RQH\PRRQ VRXOV RI WKH $PHULFDQ DQG -DSDQHVH VROGLHUV DQG WKH SHRSOH RI 3DODX 7KH &DSLWDO 2I 3DODX 0HOHNHRN LV WKH
%HDFK -DSDQHVH %HDFK ZKR ZHUH NLOOHG GXULQJ :RUOG :DU ,, %.855(1*(/ %.8/1*(7&+8,5 QHZ FDSLWDORI 3DODX ZLWK PDJQLILFHQW
/DQGLQJ 6WULS
7DQN 67,1*5$< FDSLWRO OHJLVODWXUH DQG FRXUW EXLOGLQJV
32,17
VW ,QIDQWU\ 3XUSOH $,0(/,,. P 7RDFK 1JHUGRUFK
'LYLVLRQ 0HPRULDO %HDFK $LPHOLLN %DL $ WUDGLWLRQDO %DL EXLOW E\ WKH (/(&+8, 0DQJURYHV %/8( 6($ /$.(
SHRSOH RI $PHOLLN DQG RQH RI IRXU VWDQGLQJ
25$1*( 2UDQJH 3853/( %($&+ %DLV LQ 3DODX
%HDFK
%($&+ '523 2))

6287+ '2&.
6RXWK 'RFN 6+,3:5(&. 32,17 1*(5.($,
3(/(/,8 :$// 1JHUHZDO 3LFQLF $UHD 52&. 3$,17,1*6 $ORQJ WKH WRSV RI VHYHUDO %$%(/'$2%
3(/(/,8 &87 %ORRG\ URFN LVODQGV DUH WKH UHPQDQWV RI PDQ PDGH
SDWKZD\V $ORQJ WKH SDWKZD\V WKHUH DUH
%HDFK 2II 5RDG (FR 7RXUV %DEHOGDRE
3HOHOLX 3HDFH 0HPRULDO 3DUN QXPHURXV QDWXUDO FDYHV ZKLFK DUH DPD]LQJ LV LQWHUWZLQHG ZLWK PXGG\ GLUW
DUFKHRORJLFDO VLWHV EHFDXVH RI DQFLHQW
3(/(/,8 (;35(66 SLFWRJUDSKV SDLQWHG LQ UHG RFKUH 8ORQJ URDGV SULVWLQH UDLQ IRUHVWV ULYHUV
3(/(/,8 &251(5 1JHPHODFKHO 3DVVDJH
,VODQG KDV WKH ODUJHVW VLQJOH FROOHFWLRQ RI DQG ZDWHUIDOOV SOXV ::,, UHOLFV
SLFWRJUDSKV 2Q .RURU D VLWH FDOOHG :KLWH DQFLHQW VWRQH SDWKZD\V DQG P 1*&+(6(&+$1*
)DFH LV QHDU WKH +DUERU &KDQQHO DQG FDQ DEDQRQGRQHG ROG YLOODJHV <RX
WKHUHIRUH EH VHHQ E\ SDVVHUVE\ LQ GLYH FDQ H[SORUH WKHVH RWKHUZLVH
ERDWV 6RPH SLFWRJUDSKV VKRZ VFDU\ IDFHV LQDFFHVVLEOH SODFHV RQ DQ HFR
VLPLODU WR WKH KXJH 6WRQH )DFH FDUYLQJV WRXU LQ D 3RODULV $:' YHKLFOH
IRXQG LQ PDQ\ SODFHV DURXQG 3DODX $,5$,
3KRWR E\ 7RYD %RUQRYVNL $LUDL %DL 7KLV ROGHVW EDL LQ 3DODX LV VDLG WR EH
)LVK 1 )LQV RYHU \HDUV ROG 7UDGLWLRQDOO\ XVHG E\ WKH
3KRWR E\ 0DQG\ (WSLVRQ 1HFR 0DULQH YLOODJH FKLHIV RI $LUDL WKH EXLOGLQJ LV VDFUHG
6KRZ UHVSHFW ZKHQ YLVLWLQJ DQG H[SHFW WR SD\
1JHUWDFKHEHDE D VPDOO IHH

.RPHEDLO /DJRRQ
P
6HH .RURU 'HWDLOV $ERYH P 3DODX ,QWHUQDWLRQDO *2,.8/ 1JHWQJRG
&$37$,1 +(15< :,/621 7KH ILUVW H[WHQVLYH FRQWDFW ZLWK 7(6+,2 0$58 $LUSRUW 5HHI
RXWVLGHUV WKDW 3DODXDQV KDG HYHU KDG ZDV ZKHQ &DSW +HQU\
:LOVRQ VDLOHG IURP *UHDW %ULWDLQ DQG VKLSZUHFNHG RQ 8ORQJ $LUDL 9LHZ
DERDUG WKH $QWHORSH LQ :LWK WKH VKLS KRSHOHVVO\ ZUHFNHG -$.( 6($3/$1( 7RDFKO 0LG 3DVVDJH +RWHO $,5$, $LUDL 'RFN $ UHSOLFD RI DQ DQFLHQW ZDU FDQRH
&DSW :LOVRQ EHIULHQGHG WKH ,EHGXO KLJK FKLHI RI .RURU 7KH\ 1JHUHNHEHVDQJ -DSDQHVH VLWV LQ D FDQRH KRXVH DW WKH $LUDL GRFN
H[FKDQJHG JRRGV DQG OHDUQHG WR JHW DORQJ IRU PRQWKV ZKLOH &RPPXQLFDWLRQV
WKH 3DODXDQV KHOSHG EXLOG D QHZ ERDW XVLQJ 8ORQJ V JUHDW WUHHV $0$768 0$58 .RURU &HQWHU
VDOYDJHG ZRRG IURP WKH $QWHORSH DQG (QJOLVK WRROV DQG
WHFKQRORJ\ 7KH 2RURORQJ ZDV EXLOW DQG VDLOHG WR 0DFDX 5$,=$1 0$58 2UUDN $,5$, 'RZQ WKURXJK DQFLHQW WLPHV 3DODX ZDV GLYLGHG LQWR WZR
0HDQZKLOH ZLWK WKH JLIW RI JXQV (QJOLVK JRRGV DQG &DSW .2525 -$.( LQGHSHQGHQW FRQIHGHUDWLRQV 7KH +LJK &KLHI RI .RURU NQRZQ DV
:LOVRQ V KHOS WKH ,EHGXO FRQTXHUHG 0HOHNRN $W WKH KLJK FKLHI V /67 7 WKH ,EHGXO FRQWUROOHG RQH FODQ 7KH KLJK FKLHI RI 0HOHNHRN NQRZQ
UHTXHVW &DSW :LOVRQ WRRN WKH ,EHGXO V VRQ EDFN WR (QJODQG WR &+$1'(/,(5 &$9( 6($3/$1(6 DV WKH 5HNODL FRQWUROOHG WKH RWKHU FODQ $OO RI 3DODX DOLJQHG LWVHOI
EH HGXFDWHG LQ WKH ZD\V RI WKH ZHVW 8QIRUWXQDWHO\ VPDOOSR[ &$9( ZLWK RQH VLGH RU WKH RWKHU WKURXJKRXW UHFRUGHG KLVWRU\ :DUIDUH

RYHUFDPH WKH ODG LQ (QJODQG DQG KH QHYHU UHWXUQHG +RZHYHU P ZDV WHUULWRULDO ZLWK ILVKLQJ JURXQGV DQG IHUWLOH ODQG DW VWDNH
IURP WKDW WLPH IRUZDUG WKH ZHVWHUQL]DWLRQ RI 3DODX KDV &+8<2 0$58 $OOLDQFHV DQG ERXQGDU\ PDWWHUV ZHUH HLWKHU QHJRWLDWHG RU IRXJKW
FRQWLQXHG 1LNNR %D\ RYHU $LUDL 6WDWH ZDV WKH QHXWUDO PHHWLQJ ORFDWLRQ ZKHUH HDFK RI
0HWXNHUDELVHFK 4XDUU\
5<8.2 0$58 0DODNDO *RUDNOEDG 3DVVDJH WKH ZDUULQJ FODQV KDG D ODQGLQJ SODFH DQG D VDIH SODFH IRU GLSORPDF\

+DUERU +(/0(7 :5(&.
'(37+ &+$5*( :5(&.

P
6XUYLYRU 3DODX 6XUYLYRU 0LFURQHVLD 'LYH DQG VQRUNHO WRXUV 85$.$0, 0$58 <DSHVH 6WRQH 0RQH\ 4XDUULHV 7KH <DSHVH XVHG FODP VKHOO DG]HV WR TXDUU\
YLVLW 8ORQJ V VWXQQLQJ EHDFK DQG JLDQW MXQJOH IRUHVW EHWZHHQ GLYHV DQG GLVFRYHU .$,%$.8 VWRQHV IURP ZKLFK WKH\ PDGH KXJH FRLQV 7KH <DSHVH FXUUHQF\ ZHUH ODUJH
WKDW WKH VFHQH LV IDPLOLDU 7KDW V EHFDXVH PLOOLRQV RI YLHZHUV KDYH VHHQ WKLV VLWH 7811(/ GLVNV ZLWK KROHV LQ WKH PLGGOH 7KH WULS EHWZHHQ WKH TXDUU\ VLWHV DQG <DS ZDV
RQ WKH UHDOLW\ 79 VKRZ 6859,925 P GDQJHURXV DQG PDQ\ PHQ ORVW WKHLU OLYHV DORQJ WKH MRXUQH\ 7KH YDOXH RI WKH 0LOHV
:HVWHUQ 3,//%2; VWRQH PRQH\ ZDV QRW EDVHG RQ VL]H EXW UDWKHU WKH QXPEHU RI OLYHV ORVW LQ WKH
/DJRRQ %82< &+$11(/ MRXUQH\ WR TXDUU\ LW 6R WKH PRUH WUHDFKHURXV WKH MRXUQH\ WKH PRUH YDOXH LQ
8ORQJ 3LFWRJUDSKV $ ODUJH FROOHFWLRQ RI URFN SDLQWLQJV LV IRXQG P :5(&. WKH VWRQH PRQH\ 7KH SLHFH RI VWRQH PRQH\ ZLWK WKH KLJKHVW YDOXH LV DFWXDOO\ .LORPHWHUV
DW WKH HQG RI DQ DQFLHQW SDWKZD\ RQ WKH QRUWKZHVW VLGH RI 8ORQJ 6$7$ 7$1.(5 VR VPDOO WKDW \RX FRXOG KROG LQ WKH SDOP RI \RXU KDQG
3LFWRJUDSKV VKRZ KXPDQV DQG XQXVXDO FRQRHV 7KH VLWHV DUH DOVR *HUPDQ 8OHEVHFKHO 6&$/(
OLWWHUHG ZLWK VKDUGV RI SRWWHU\ DQG KXPDQ ERQHV 7KH SHRSOHV ,52 7$1.(5 /LJKWKRXVH 1JHO &KDQQHO
WKDW ZHUH KHUH DUH RI XQNQRZQ RULJLQ 7RDFKHO UD 1JHO
1$*,6$1 0$58
7UDGLWLRQDO 9LOODJH UXLQV 1JHO &KDQQHO

-$3$1(6( =(52
.$0,.$=( 0$58 /,*+7+286( &+$11(/
6859,925 %($&+ P %,&+8 0$58 1LNNR %D\ 8FKHOEHOXX
.ORXHO 7RL 1JHEHGDQJHO 5HHI
8ORQJ
P %OXHILQ 7UHYDOO\ -DFN
P 6+257 '523 2))
1$87,/86 ',9( 5DLQERZ 5XQQHU
.HVHEHNXX &KDQQHO 0DKL 0DKL

&25$/ $5&+ .RURU 5RDG
ELJ JDPH ILVK LQFOXGLQJ WKH RQHV VKRZ EHORZ SOXV PDUOLQ
1JHUXNWDEHO 1DXWLOXV 3DODX *DPHILVK 7KH ZDWHUV VXUURXQGLQJ 3DODX DUH IXOO RI :DKRR
7RDFKHO UD .HVHEHNXX
3KRWR E\ 0DQG\ (WSLVRQ 1HFR 0DULQH P *DUHPHGLX 5HHI 3KLOLSSLQH 6HD
VDLOILVK DQG JUHDW EDUUDFXGD 2Q RFFDVLRQ VSHFLPHQV RI
FLDOO\ RQ RXWHU SDUWV RI WKH UHHIV
-$3$1(6( =(52 ,, 5DHO 'LO WKHVH EHDXWLIXO SHODJLF VSHFLHV DUH VHHQ E\ GLYHUV HVSH <HOORZILQ 7XQD

0LOHV

6&$/(
PHWHUV ZLGH E\ NP ORQJ
.RURU
%ORZKROHV
WKLV LVOHW V LQKDELWDQWV QXPEHU

621625$/ ,6/$1' 8S WR %DEHOGDRE 9LUJLQ 0DU\ 6WDWXH %XGGKLVW 0HPRULDO 5HG %HDFK .LORPHWHUV
6$17$
DERXW WZR GR]HQ 7KH YLOODJH RI 0$5,$ &251(5
'RQJDVRUR LV WKH FDSLWDO RI 6KLQWR 6KULQH
*XDUG 6WDWLRQ
6RQVRURO 6WDWH %HLQJ DERXW 3HOHOLX 1RUWK )RUPHU &RDVW
6HYHQW\ ,VODQGV /RFDOO\ &DOOHG 1JHUXNHZLG 1HFR ,VODQG PLOHV IURP WKH UHVW RI 3DODX $QJXDU 3DFLILF 2YHUYLHZ RI 3RQGV $LUSODQH $,53257 :$//
2FHDQ
6RQVRUDO UHFHLYHV IHZ YLVLWRUV RU
7KLV JURXS RI LVODQGV IRUPV WKH VFHQH WKDW PRVW SHRSOH SURYLVLRQV $ VWDWH ERDW FRPHV *UDYH\DUG
KDYH FRPH WR HQYLVLRQ DV WKH GHILQLWLRQ RI ZKDW 3DODX DQG JRHV HYHU\ RWKHU PRQWK 1*8567
ORRNV OLNH 7KLV SDUWLFXODU VHW RI LVOHWV LV YLHZDEOH 6FXED 'LYLQJ 3DODX $ GLYHUV LV HQWHUWDLQHG 6XEVLVWHQFH IDUPLQJ DQG ILVKLQJ 38/2 $11$ ,6/$1' /HVV WKDQ D $EDQGRQHG $1*$85
RQO\ IURP WKH DLU DV VHHQ DERYH EHFDXVH WKH DUHD 1JHUPHDXV E\ S\UDPLG EXWWHUIO\ILVK 'LYHUV PD\ VHH VXVWDLQ WKH WLQ\ SRSXODWLRQ GR]HQ UHVLGHQWV ZKRVH DQFHVWRUV /LJKWKRXVH
GHILQHG LQ WKH PDS KDV EHHQ VHW DVLGH SHUPDQHQWO\ DV PRUH VSHFLHV RI ILVK LQ 3DODX WKDQ DQ\ZKHUH RULJLQDOO\ FDPH IURP WKH &DUROLQHV $LUILHOG
D ZLOGOLIH SUHVHUYH 7KHUH LV QR YLVLWLQJ DOORZHG DQG 7RDFKHO ,RX HOVH LQ WKH ZRUOG )$11$ ,6/$1' RYHU PLOHV DZD\ ILVK DQG IDUP 3KRVSKDWH &RQYH\RU %HOW 5XLQV 3KRVSKDWH 3ODQW
&/$0 &,7<
VR WKH DUHD ZLOO UHPDLQ DQ XQGLVWXUEHG UHSOHQLVKPHQW &/$0 &,7< .UHLV 5HHI 7KLV WKLFNO\ WKLV PHWHU E\ PHWHU LVOHW 5XLQV
]RQH IRU DOO SODQW DQG DQLPDO OLIH ZRRGHG UHPRWH $QJDXU (OHPHQWDU\ 6FKRRO
+DUERU
LVOHW LV . )DPLO\ 6WRUH 6FKRRO
XQSRSXODWHG
WKH ELUWKSODFH RI WKLV VWRU\ RI
:LWK 6RQVRUDO LW 0(5,5 ,6/$1' 2QO\ D KDQGIXO RI *RYHUQRU V 2IILFH 7KH /HJHQG RI 8DE $QJDXU LV
IRUPV WKH SHRSOH OLYH RQ WKLV PHWHUV ZLGH D JLDQW ZKR IHOO OHDGLQJ WR WKH
6RQVRUDO ,VODQGV E\ NP ORQJ LVOHW ZKLFK KDV D 7857/( 5(() FUHDWLRQ RI WKH 3DODX ,VODQGV
UDGLR VWDWLRQ DW D YLOODJH FDOOHG &DWKROLF &KXUFK
0HOLHOL 7KH 7REL 6WDWH ERDW FRPHV
6HYHQW\ ,VODQGV E\ HYHU\ PRQWK RU WZR
:LOGOLIH 3UHVHUYH /(*(1' 1JHGORFK $1*$85
3KLOLSSLQH 6HD %HDFK
1JHUXNHZLG )DYRULWH 6FXED 6LWHV 72%, ,6/$1' +$72+2%(, 67$7( LV
'LYH 6LWH ZLWK 6QRUNHOLQJ PL NP QRUWK RI WKH HTXDWRU DQG
-(//<),6+ /$.( 6RXQGLQJV LQ 0HWHUV PL NP VRXWK VRXWKZHVW RI .RURU
3RLQWV RI ,QWHUHVW 7REL LV 3DODX V PRVW UHPRWH FRUDO LVOHW 7KH $1*$85 6HYHQ PLOHV VRXWK RI 3HOHOLX DW WKH VRXWKHUQ HQG RI 3DODX V EDUULHU UHHI OLHV $QJDXU LVODQG
WDUR DQG EDQDQDV SOXV KDYH DEXQGDQW
/RGJLQJ 8QSDYHG 5RDG RU VR ORFDOV ILVK WKH IULQJLQJ UHHI JURZ 7KH QRUWKHUQ VKRUHOLQH VSRXWV ZLWK QXPHURXV EORZKROHV ZKLOH PXFK RI WKH LVODQG KDV IDEXORXV EHDFKHV
0HFKHUFKDU 3DYHG 5RDG FRFRQXWV 7KH RFFDVLRQDO YLVLWRU VOHHSV LQ 7KH $PHULFDQV LQYDGHG 5HG %HDFK LQ PDNLQJ WKLV DQRWKHU EORRG\ EDWWOH VLWH ::,, DUWLIDFWV
P 6WDWH %RXQGDU\ DQG D FRXSOH RI DLUFUDIW ZUHFNV DUH VWLOO RQ $QJDXU 2OG SKRVSKDWH PLQHV DW WKH QRUWKZHVW FRUQHU RI
)DEXORXV *XLGHV WKH FKLHI V EDL 7KH VWDWH ERDW JRHV WR
RI )DYRULWH 3ODFHV .RURU IRU SURYLVLRQV HYHU\ GD\V WKH LVODQG ZHUH EHJXQ E\ WKH *HUPDQV LQ WDNHQ RYHU E\ -DSDQHVH LQ XQWLO ::,, DQG FORVHG
&RS\ULJKW .2525 6WDWH E\ $PHULFDQV LQ 7KH PLQLQJ VLWH LV QRZ D EUDFNLVK ODNH ZLWK VDOWZDWHU FURFRGLOHV ,QGRQHVLDQ
)UDQNR 0DSV /WG 2PHNDQJ ,VODQGV +(/(1 5(() 7KLV ODUJHO\ XQLQKDELWHG DWROO KRVWV PRQNH\V DOVR LQKDELW $QJDXU KDYLQJ EHHQ LQWURGXFHG WR WKH LVODQG E\ *HUPDQV ZKR XVHG WKH OLWWOH
ZZZ IUDQNRVPDSV FRP %NXO D &KHVHPLLFK QHVWLQJ OHVVHU FUHVWHG WHUQV HDFK \HDU IHOODV WR WHVW WKH DLU ZLWKLQ WKH PLQHV