Eldorado Exploration Inc (fka EDEP)

[zagdad]

Jag, I agree in retrospect they might have been able to word it differently but I doubt if final decisions and direction were made 24 hours after results - maybe not even yet. Maybe even more dictating is the reality that in this deal EDEX's management doesn't make those decisions as a 5% player. On the other hand Tom feels confident that that well is likely to be completed in the future - they did prove IMO that they found oil using PIP and that I like.

Personally I would likely go after site #2 and if it works then go back and do the horizontal - based on no real info so value of my idea is near zero!

Feel very comfortable that with some many options in play we will hit one or more and just one will make this a big winner.

zagdad