Eldorado Exploration Inc (fka EDEP)

[wildcatter]

A quick status report. We are in a well to be drilled starting in 2 weeks. A small interest but another PIP project. The PIP process has had some changes made that allows depths to be considered in the final evaluation. This has been a thorn in our side but this well may confirm our adjustments and additional instruments we are using. The results will be made public in about 3 weeks if the start date remains as expected. Our main Texas well that we have been raising money for is still awaiting final funding. We have thought we had it funded several times but the potential partners just couldn't get the money needed together. The drilling coming up should help our efforts in funding our well. Remember that for us to succeed the PIP process has to get a track record with Eldorado. So far we haven't been able to show much except for the Mesa well and its landlocked without a pipeline and higher prices for gas. I am not resting until EDEX is successful. Its very hard running a company with no money and not even taking a salary since last summer. The harder people criticize me the better it will be when its my turn. And it will be my turn soon.