posted
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. --------------------------------------- If EDEX even got 1/4 of what they are thinking about here this stock should be worth over $10 share. Do the math.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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Yeah, this is a very good hold for the time being it should steadily run up with some PRs over the never month or so until the drilling is supposed to start...
-------------------- Money often costs too much. - Emerson
**ALL POSTS ARE IMHO, DO YOUR OWN REASEARCH.**
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May 03, 2006 2:40:00 PM ETEldorado Exploration to Drill in TexasadvertisementRelated information E-mail this article Print-friendly versionStocks mentioned in this articleELDORADO EXPLORATION INC(EDEX) Quote, Chart, News
All Business Wire NewsEldorado (Pink Sheets:EDEX) announced today that it will participate in drilling an 8000' test of the Wolfcamp formation in Glasscock County, Texas. Expected drill date for the well is week three of June 2006. The prospect is based on analysis of Passive Induced Polarization (PIP), radiometrics, passive reflection seismology and subsurface geology.
Recent investing newsStrike paydirt in the new building boom Novastar Resources Completes $15,000,000 Private Placement with Select Institutional Investors Warnaco Announces Earnings Release Date and Webcast for First Quarter Fiscal 2006 Results Pegasus Solutions Stockholders Approve Merger Agreement Working in the Garden This Spring? Watch Out for Buried Gas Lines, The Gas Company Warns PIP is a geophysical prospecting method that can indicate the presence of significant hydrocarbons from the surface. After reviewing oil production from the adjoining field, the PIP process was conducted to determine the potential for additional development. The PIP analysis indicated a channel over three miles long that may be an unexplored extension of the producing field. Three nearby wells have produced over 1 million barrels each over the past 10 years and are flowing at a combined rate of 45,000 barrels per month.
posted
Yeah, I saw that..not the most exciting news...but when they drill that hole we have a possibility for HUGE news. That could be the payday for this one!
-------------------- Money often costs too much. - Emerson
**ALL POSTS ARE IMHO, DO YOUR OWN REASEARCH.**
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posted
Patience. This is going to be up and down but mostly up all the way to June. I am playing the swings as best I can and holding a sizeable chunk for .25+ Sold at some at .12 today but missed a reentry at .085...Might try for .09 tomorrow. GLTA.
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I am playing the swings as best I can and holding a sizeable chunk for .25+ Sold at some at .12 today but missed a reentry at .085...Might try for .09 tomorrow. GLTA.
