Replies to post #22945 on Eldorado Exploration Inc (fka EDEP)

[dragon man]

some people buy into drilling fund and all the cost are paid up fromt . 150g is need to cost the cost of the pump. this money was take up front for well. what happen, cost over run. yes, it look like all the well has cost over run. there should be gas and oil in the well if they going completed the well. if it did have any gas and oil ,they plug the the well and call it a dry hole.

[TopHat]

Dirt, I didn't know that everyone was paid in Sept. Even if they were, it would have been for the drill/frac.

After that there are other costs which are involved. Those are the current issue. I know that one of the operators is also heavily involved in another drill that is taking most of his time. The last I checked, the billing had not been sent for the cost overruns for the pump and piping because of this. It is quite normal to have several projects on the table at the same time and this is also the case here.

Your logic might make since, but your back story and resulting logic, based on mistaken info are causing a skew in your direction of thought.

Go back to source info, get correct direction and you should arrive at the correct conclusions.