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A number of Australian eyewitnesses come forward with their account of what took place in Central Coast, New South ... Wales from December 1995-January 1996. Many reported seeing a huge shiny ball-shaped UFO which had lights underneath. The object would also hover over water and seemed to suck water up into the air then into the UFO. Despite enquiries with local airports, air traffic control and the airforce, Australian investigators Bryan Dickeson and Moira McGhee could not find an explanation for what witnesses had seen. Bryan Dickeson and Moira McGhee, collected the reports from this mass sighting and published them in a book entitled the "Gosford Files".
It may have been extracting "heavy water" from the seawater. Heavy water, or deuterium oxide, is needed for many applications inside a nuclear reactor, as well in the creation of tritium used in "perma-glow" pistol sights. The most common way of obtaining deuterium oxide is to extract it from regular water. To someone just watching, it would look like "all" the water would be returned to the sea as only 1 part per 3200 is "heavy"