The Company has entered into a contract with Islan

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The Company has entered into a contract with Island Capital Management, LLC, which is related through common shareholders, to serve as its transfer agent.

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Odd. Same address for the Stock Transfer Agent as for the company. Also Carl Dilley is president of Island Capital Management and is heavily invested in EXPL as well as a Director of the company:

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On December 31, 2013, the Company completed the purchase of 100% of the membership interests of Endurance Exploration Group, LLC (“Endurance LLC”), from its members, Micah Eldred and Carl Dilley, in exchange for 20,550,539 shares of the Company’s common stock, valued at $0.0186 per share, based upon the net book value of the assets of Endurance LLC, $381,173 as of December 31, 2013.

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Carl Dilley, Director: Mr. Dilley has served as president of Island Stock Transfer, a division of Island Capital Management, LLC, from 2003 to present and acts as senior executive officer responsible for oversight of day to day operations. He is an employee of Spartan Securities Group and holds NASD series 24, 66, and 7 securities licenses and performs retail, investment banking and new listing services functions for Spartan. Carl Dilley is a Director of Endurance Exploration Group, Inc.

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Also, who is CEO of Spartan Securities Group? Micah Eldred

Just not looking good at all.