Replies to post #18485 on Eldorado Exploration Inc (fka EDEP)

[rxgator]

This reminds me of their last dry hole Silence for a couple of days with a delayed pr Except there was higher volume.

[FWZoner]

Not necessarily disagreeing with ya much here because of PRing history but we could still be waiting to hear about Mesa results untill Wed. according to when they first estimated results to be in. I think they said 18-21 days only working weekdays and that was on April 24th. I'm anticipating Monday since we were given different info of late.

[Nervousnellie]

I agree that it is frustrating. I used to practically lose my mind over it, but I've kind of gotten used to just adding some time on to expected deadlines.

It probably is related to being a Wildcatter. I think you have to be super-optimistic to go out drilling holes in th emiddle of nowhere with expectations of finding a motherlode. I think the expectations he gives us are ones he really believes at the time because he's seing the glass half full(or more like 80% full).

[geotmp]

You just expect to much out of Tom. No one can predict when a completion will be finalized weeks in advance, or even one week in advance. There are too many things that can go wrong that are not predictable. Most CEOs will not give any predictions on when completions will be finalized because of these difficulties. Tom does the best he can, but when providing estimates, it is easy to err on the optimistic side, rather than the pessimistic one. This is basically just wishful thinking on Tom's part. Nothing more and nothing less. It definitely is nothing to get bent out of shape about. To do so, is an expression of your own ignorance concerning oil and gas well completion difficulties. This is not something that can be placed on a fixed, unalterable schedule. Well completions get finalized when they get finalized, and not before.