I'm also curious about the new tech tnog plans on using. Could this be it (PIPs)
Eldorado Exploration using new oil discovery process
by: OilOnline
Thursday, May 12, 2005
Eldorado Exploration Inc. will use a proprietary process (PIP) that has been used to find three new oil and gas fields. When used with the standard geology, seismic, geochemical and other technologies, can increase the odds on a wildcat well from one in 10 to as much as one in two.
Eldorado has the right to participate in any new prospects generated by the PIP process of which there are now five major-sized targets the company has committed to drill.
Eldorado hopes to drill up to 10 wells during 2005 and 20 wells in 2006. The first wildcat to be drilled in New Mexico can potentially produce $20 billion in recoverable gas reserves.
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