Ocean Rig UDW Inc shares are currently trading down about 0.9% on the day.

FORBES: ORIG Crosses Critical Technical Indicator

Ocean Rig UDW Inc shares are currently trading down about 1.5% on the day.

FORBES: Shares of ORIG Now Oversold

Ocean Rig UDW Inc shares are currently trading down about 2.6% on the day.

FORBES: ORIG Stock Crowded With Sellers

Economou, who also bought a 4% stake in Ocean Rig for himself, says he feels strongly that deepwater drilling presents a glorious opportunity.

FORBES: Curious George

This design explores the possibility of living on the oil rig, above and below the ocean level.

FORBES: Audacious New Concept Turns Oil Rigs Into Luxury Homes

Plus the rig also must be kept at the same position, so energy must be expended fighting the ocean currents, and mud must be pumped, workers helicoptered on and off the rig, drilling materials delivered, etc.

FORBES: Petroleum Balance

The rig was aground in an area of Ocean Bay, where water depth is 32 feet to 48 feet.

CNN: STORY HIGHLIGHTS

But five weeks after the Deepwater Horizon drilling rig sank, it seems possible that the rate at which oil is going into the ocean, if not the rate at which it is coming out, might be coming under control.

ECONOMIST: Nerves are fraying a month after the Gulf of Mexico oil spill

BP, which had been leasing the rig from Transocean, says the safety device that was supposed to cut oil flow on the ocean floor in the event of a well blowout did not perform its function.

FORBES