BB's Stock Haven

[barrels]

EDEX- first well is paid for


great deal for EDEX... first well is paid for !!!!
no cost to EDEX ...

extremly low market cap only 3 million dollar and they have a potential of 8 billion dollar in gas ?

market will wake up sooner of later







Eldorado Exploration Announces Joint Venture
3/20/2006
IRVINE, Calif., Mar 20, 2006 (BUSINESS WIRE) --

Eldorado Exploration (Pink Sheets:EDEX) has entered into a joint venture with a private capital group to fund the drilling of the company's Mesa gas prospect in Roosevelt County, N.M.

The investors will earn half of Eldorado's 75 percent working interest for funding the drilling cost of the first well on the 11,000+ acres currently leased. After a discovery, Eldorado will pay its percentage share on any future wells drilled.