Eldorado Exploration Inc (fka EDEP)

[TopHat]

Good find king.

Here is a good article regarding the confidentiality status.

http://www.4eyes.net/usrfiles/Drilling%20the%20Bakken.doc

One quote down in the article is:

"LeFever explained the state's confidentiality policy further.
"When they apply to drill, they can ask for the well to be what they call 'tight hole,' and the confidential period is six months," she said. "So all the information that the state gets from the well is locked up for six months. So if they figure out a magic secret, nobody else will know about it for six months. But you can bet that companies watch. All that information is available online, and they pay a subscription service fee for it, and as soon as it comes off confidential status it's online.
"What (confidentiality is) usually intended for is not so much the Bakken most of the Bakken acreage is leased. But what it has been intended for is that if somebody makes a discovery and they don't have all the acreage tied up in an area, that confidential period will allow them to go and contact and lease the minerals. That's the major reason behind confidentiality. Ours isn't that long our Canadian counterparts have a yearlong confidentiality period. It just depends on the state, it varies state by state."

The whole article is a good read for general background.

The benefit of PIP is that it can find the tops of the reef structures and pinpoint them with good accuracy. The traditional methods have been unable to do this.

I know, I know..... this is still up for debate among many members of the board. The only answer for the debate is TIME. Time will tell and prove or disprove. But for all sides involved, the next 10+ wells EDEX will drill in ND will all be PIP picked. So, It looks like we will have an answer within the next year (2008).

Place your bets wisely and no whining or gloating.