Eldorado Exploration Inc (fka EDEP)

[luckyhoosier]

"We are raising drilling money now. Units are coming in every week and hope to be drilling by end of summer. Our leases really aren't worth much with the gas prices so low. We may not ever get New Mexico producing if gas prices stay around $4.00 mcf. It would take too many wells to prove up reserves to get the pipeline built. it may not matter if our next well comes in. Its an oil target in Texas and looks very promising with up to 10 offsets."

it may not matter that mesa never gets proved up if our next well comes in??????