Odyssey Marine Exploration reports financial results for the fourth quarter and year ended December 31, 2012. Total revenue in the fourth quarter was $7.9 million as compared to $0.9 million in the same year-ago quarter. The majority of the silver recovered in 2012 from the SS Gairsoppa shipwreck was sold in the quarter with fourth quarter proceeds of $30.1 million to Odyssey ($17.8 million of this was credited in third quarter to expenses as recoupment of project costs). Shareholder value was created through mineral exploration and resource estimate operations which resulted in the development of Oceanica Resources in the first quarter of 2013 providing $15 million in cash and 62.6% ownership in Oceanica to the company.