Eldorado Exploration, Inc. ( Pink EDEX): Passive Induced Polarization (PIP) is a proprietary process that uses a sensor unit, which becomes polarized over a hydrocarbon deposit. PIP identifies the presence of hydrocarbons with a high degree of accuracy and the relative strength of the signal is an indicator of the volume of oil or gas. Drilling records of nearby wells, seismic and PIP were all used in identifying the Mesa prospect. GeoSurveys invented and owns the PIP process and is a partner in the Mesa prospect. They will also operate the field if the well is successful. Website:http://www.eldoradoexploration.com/ Posted by YellowSubmarine on :
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
otcstockexchange.com: PFNC, FMNJ, EBOF, EDEX OTCStockExchange.com Stock Alert Apr 28 2006 9:24AM ET Eldorado Exploration Internet Interview Apr 27 2006 1:23PM ET www.streetinvesting.com: Market Notification for Eldorado Exploration Apr 20 2006 4:07AM ET Eldorado Exploration to Drill in New Mexico Apr 19 2006 6:00PM ET Eldorado Exploration Inc. Adds New Board Member Apr 11 2006 6:00AM ET Eldorado Exploration Announces Joint Venture Mar 20 2006 9:00AM ET Eldorado Exploration Inc. Acquires Additional Leases Feb 21 2006 10:00AM ET
Eldorado Exploration to Drill in New Mexico Wednesday April 19, 6:00 pm ET
IRVINE, Calif.--(BUSINESS WIRE)--April 19, 2006--Eldorado Exploration (Pink Sheets:EDEX - News) announced today that it expects to commence drilling the Mesa gas prospect in Roosevelt County, N.M., in late June 2006. The drilling permits and other work needed before drilling have already started.
The Mesa prospect is on a PIP-identified Pennsylvanian Carbonate Reef that is over 25,000 acres in size. The company and its partners have over 11,000 net acres under lease over the heart of the structure. The possible reserves could be over 1 trillion cubic feet of recoverable gas, which at today's price of $8 per MCF would equate to $8 billion. Eldorado Exploration has a net 35 percent working interest in the well and surrounding acreage.
Passive Induced Polarization (PIP) is a proprietary process that uses a sensor unit, which becomes polarized over a hydrocarbon deposit. PIP identifies the presence of hydrocarbons with a high degree of accuracy and the relative strength of the signal is an indicator of the volume of oil or gas. Drilling records of nearby wells, seismic and PIP were all used in identifying the Mesa prospect. GeoSurveys invented and owns the PIP process and is a partner in the Mesa prospect. They will also operate the field if the well is successful.
Please visit the company's Web site at eldoradoexploration.com or e-mail at eldoex*yahoo.com.
Moving nice again today....break .10 today maybe??
Posted by YellowSubmarine on :
Eldorado Exploration Internet Interview Thursday April 27, 1:23 pm ET
IRVINE, Calif.--(BUSINESS WIRE)--April 27, 2006--Eldorado Exploration (Pink Sheets:EDEX - News) announced that the company's President David T. Laurance was interviewed by Wallst.net, a leading Internet stock information site. An audio interview is available for public access.
Eldorado Exploration is an oil and gas exploration company with oil and gas projects in Texas and New Mexico that uses a process called Passive Induced Polarization that can increase the odds of finding oil and gas.