Eldorado Exploration Inc (fka EDEP)

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If the Mesa hits it will IMO be a buyout of $400M to $600M to the company (based on 1T gas), and eventually to the shareholders of EDEX, of which Tom owns 40%. Not all the money will be distributed to the shareholders, but at least some with $$$ left over for EDEX.

So I figure that Tom could easily give a dividend of $1.00 per share with more than enough to have for drilling and funding of future prospects. When I talked to him personally about this issue, he mentioned $1.00 and $2.00 as examples of resonable dividends.

This outlook only is for this one project - The Mesa. It is also conservative. By some estimates, the Mesa could be as high as 4T cubit feet, not just 1T. If it turns out to hold 2T in gas, then double the numbers. Time will tell.

If there is in the future, say next summer a buyout, the multiple of the dividend price could bring EDEX pps to ? Ten times dividend is quite reasonable for a stock like ours. The better thing is that this will be just the tip of the iceburg if the Mesa hits and PIP actually works like it has in the past.