Eldorado Exploration Inc (fka EDEP)

[zagdad]

Jag and low, that's correct about the rig as they did not use a coil tubing approach. They also didn't chose to complete it for a small return of, let's say, 10 BBLS a day which will allow them to come back into it another day and go horizontal if down the road other efforts shw that they should complete it accessing the sweet spot, which they would hope to be a 300+/day oportunity. They plugged it in such a fashion to allow re-entry. If you chose to go to production you would eliminate the later attempt.

Since they are only 5% I doubt if they control the if and when for another go at the field but hopefully get a chance to play again as they still believe in the opportunity.

zagdad