Eldorado Exploration, Inc. is an independant oil and gas exploration company with rights to drill on over 60,000 acres leased in New Mexico, Texas, North Dakota, Illinois & Nebraska.
Eldorado Exploration approaches oil & gas exploration with an intelligent and sensible philosphy. Eldorado's high caliber veteran oil & gas experts qualify projects that maximize shareholder value by pursuing achievable prospects that have multiple confirmations of potential, from both the PIP process and standard geological methods.
The advancements in exploration technology and passive induced polarization (PIP), allow Eldorado Exploration to profit from newly discovered oil & gas reserves not previously detected. With recent innovations in exploration techniques, Eldorado is able to discern which potential targets have sufficient reserves to be a commercial success, and which do not.
Eldorado Exploration's mission is to combine the latest of technology, including PIP, current established standards in geology, geophysical science, telluric, seismology, computer enhancements, and other available methods to discover the largest commercially viable oil and gas deposits. By focusing on prospective targets with larger accumulations we are able to increase our success rate.
Eldorado Exploration is an independent oil & gas company headquartered in California with operations in New Mexico and Texas. Its shares are listed on the pink sheets under the symbol EDEP. Eldorado Exploration has a strong commitment to its shareholders, the communities where we conduct business and the environment.
Natural Gas Chart & Oil Chart
EDEP KEY PROSPECTS:
New Mexico - Eldorado Exploration has drilled the Mesa #1 Gas well on an 11,000 acre structure in New Mexico with 95' of logged gas sands. Completion and testing are scheduled to be done in the 2nd Quarter 2008. There could be up to 50 gas wells on the company's acreage. These sands have been prolific oil and gas producers in other parts of the Permian Basin but gas is expected to produce on the Mesa leases. Eldorado Exploration, Inc. has 11,300 net acres over the center of a possible 30,000 acre gas field.
The company has also leases two additional lease blocks west of the Mesa field that have a similar PIP signature reading of gas. These leases are 14,000 acres and 16,000 acres in size.
Note: New Mexico is the 2nd largest state in gas production.
Texas - The company is preparing to drill an Ellenburger test in Comanche county on a 400 acre Seismic and PIP identified target that may have up to 5,000,000 bbl in recoverable reserves. Eldorado expects to have a 20% working interest.
Technology and Well Operations:
The company takes advantage of PIP discovery technology to identify targets overlooked by other drillers because of their incomplete or unsubstantiated geological information and uses those wells to produce oil and gas exploration for the production to be sold to nearest refiner or pipeline.
Eldorado Exploration possesses what it believes to be a significant business advantage over the competition through the use of a proprietary exploration methodology referred to as Passive Induced Polarization (PIP). This process has been developed over the past 15 years and combines a series of technologies including seismic, passive induced polarity, radiometrics, tellurics and computerized enhancement supported by surface and subsurface geology and geophysics. PIP was developed by a geologist and a geophysicist (the PIP Group) who have devoted their careers to petroleum exploration in the Texas oil patch. Since 1992, over 50 wells have been drilled using this technology. By using PIP, these two geoscientists have been successful in the discovery of three new oil fields, resulting in the drilling of over 50 wells with only six dry holes. Just as 3-D seismic has greatly improved the success rates in drilling, the PIP Group believes that it can take advantage of PIP discovery technology to identify targets overlooked by other drillers because of their incomplete or unsubstantiated geological information.
The Company plans to fund its efforts and all assets that will possibly be acquired will be used to generate income for the company.
Most Recent EDEP Press Releases:
For a List: http://www.eldoradoexploration.com/pressreleases.php
David Laurance, Pres.; David Clark, Dir.; Robert Talley, Dir.;
David Laurance - President - Mr. Laurance (a Mensa member) has been involved in the oil and gas industry since 1974 and has studied geology at the University of Oregon and Southern Oregon University. He has participated in the drilling of over 300 wells in 10 states and has worked with Chevron, Phillips and Union oil on joint ventures. Mr. Laurance has also acquired and marketed oil concessions in Columbia, Oman, and Indonesia.
Robert Talley - Director - Mr. Talley graduated from the University of Colorado with a BS in Civil Engineering. After a successful career in real estate construction and development; Mr. Talley became involved in promoting oil and gas projects in the Rocky Mountains and Texas. His activities have resulted in several new field discoveries and he currently involved in the acquisition of prospects for Eldorado Exploration in Texas, New Mexico and Utah covering over 20,000 acres. From 1984-1989 he also owned a successful stock brokerage firm in Denver, Colorado.
David Clark - Director - Mr. Clark has served in key marketing, finance and business management roles. He has been involved with oil & gas drilling since 1985. Mr. Clark served as Vice President of Praktek Venture Corporation and North American Country Inns, Inc. for which he was responsible for strategic planning, marketing, capital investment and operations management. He served as Vice President Marketing Operations for Mortgage BancFund Corp. and Vice President of Western States Mortgage Corporation where he was responsible for strategic planning and market development. As a principle of DMC & Associates, he has designed and implemented business and marketing strategies for several developmental-stage financial businesses and one manufacturing business. He served as President of HomeLand Money Centers responsible for all operations and management including governmental compliance and negotiation of national funding sources. He most recently served as President of Intelligent, Resourced, Innovative Services, Inc. (IRIS Marketing), and Chief Financial Officer of eCo.marketing, Inc. He has served on the board of directors of North American Country Inns, Inc., USADial-up, eWorldInsurance and also served as a financial advisor to Cyberkey Corp, GiveWiseGames and RenderStorm. He has played a major role in the formation, organization and rollout of several entrepreneurial ventures as well as in capital formation, financing and in the establishment of financial operations and protocol. Mr. Clark graduated with a BA in Economics from BYU.
Eldorado Exploration, Inc.
15707 Rockfield Blvd.
Irvine, CA 92618
A/S:.....10,000,000 (as of 8/20/09)
Most recent EDEP filing:
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