Eldorado Exploration Inc (fka EDEP)

[The_Bull]

Tom went back to NEW MEXICO this could be goooooood !! reason for leaving in the first place could be because it is taking soooooooo long to drill, what do ya all think ?


Eldorado Exploration New Mexico Well Progress
Business Wire - December 08, 2006 09:00

IRVINE, Calif., Dec 08, 2006 (BUSINESS WIRE) -- Eldorado Exploration, Inc. (PINK SHEETS:EDEX) announced today that its Mesa #1 well, being drilled to 7100 ft in Roosevelt County, New Mexico has reached a depth of 6600 ft and is now drilling in the Canyon reef zone. The well will continue to 7100 ft to test several Canyon sands and the Montoya Dolomite at 7000 ft. The well results will be announced after the well reaches total depth and all potentially productive zones have been logged and tested. The well is behind schedule because of slow drilling rates of 5 feet per hour through several thick sections.

Eldorado Exploration, Inc. is an independent oil and gas company that utilizes a process called Passive Induced Polarization 'PIP' to detect electrostatic signals given off of some geological anomalies. In most cases a positive response indicates a hydrocarbon accumulation and a negative reading almost is always a dry hole. When used with the standard geological tools and methods, the PIP process enhances the odds of success for discovering oil and gas.

For further information about the company visit www.eldoradoexploration.com or email at [e-mail].

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that Eldorado Exploration is a non-reporting Pink Sheets company and is not required to be registered with the Securities and Exchange Commission.

SOURCE: Eldorado Exploration, Inc.

Eldorado Exploration, Inc.
David T. (Tom) Laurance, 949-916-0680
www.eldoradoexploration.com

Copyright Business Wire 2006





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