Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Micro Penny Stocks, Penny Stocks $0.10 & Under
»
PR for AFTERHOURS and THURSDAY 11/9
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by J_U_ICE: [QB] EDEX .14 Eldorado Commences Drilling in New Mexico PR Newswire - November 9, 2006 9:00 AM (EDT) IRVINE, Calif., Nov 09, 2006 /PRNewswire-FirstCall via COMTEX/ -- Eldorado Exploration, Inc. (Pink Sheets: EDEX) announced today that it has begun drilling its Mesa prospect in Roosevelt County New Mexico. The Mesa well will drill to 7200 ft to test a potential Canyon reef gas zone at 6000 ft and a Montoya Dolomite section at 7200 ft that may contain oil and gas. The company has a 33% working interest in 11,300 acres across the heart of the prospect. The potential reef gas play was found using Passive Induced Polarization (PIP) and passive reflection seismology in combination with supportive subsurface geology. Eldorado has also identified 2 additional large structures west of the Mesa well and has leased over 28,000 acres covering the middle of both prospects. Each successful gas well would be spaced on 160 acres and each oil well would be spaced from 40 to 80 acres. The company's other well, drilling in Hardeman County Texas, will reach a total depth of 8700 ft about the same time as the Mesa well near the end of November. If the Hardeman well is completed as a producer, Eldorado will participate in two additional wells immediately using the same Hardeman drilling rig on PIP and 3-D seismic mapped reef anomalies on nearby leases. Eldorado Exploration, Inc. is an independent oil and gas company that utilizes a process called Passive Induced Polarization 'PIP' to detect electromagnetic signals given off of some geological anomalies. In most cases a positive response indicates a hydrocarbon accumulation and a negative reading almost is always a dry hole. When used with the standard geological tools and methods, the PIP process enhances the odds of success for discovering oil and gas. For further information about the company visit [URL=http://www.eldoradoexploration.com]www.eldoradoexploration.com[/URL] or email at eldoex*yahoo.com Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that Eldorado Exploration is a non-reporting Pink Sheets company and is not required to be registered with the Securities and Exchange Commission. Contact Information: David T. (Tom) Laurance (949) 916-0680 SOURCE Eldorado Exploration, Inc. David T. (Tom) Laurance of Eldorado Exploration, Inc., +1-949-916-0680 http://www.eldoradoexploration.com Copyright (C) 2006 PR Newswire. All rights rese [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2