Replies to post #23080 on Eldorado Exploration Inc (fka EDEP)

[6kidz]

GeoTmp ? Pick Investors Pockets...LOL

[dragon man]

we got 2 wells, the wildcatter need to raise money to get drilling down. then things will be good.

[wildcat2]

Are you so quick to forget what was PR’d a few months ago? Here is a picture of the CO2 from the acid frac coming from the Wanner well. Thanks to CJF’s steady hand for this great picture. Look close. That’s oil you see. This doesn’t guarentee a well, but PIP found this oil in the middle of nowhere when none of the “big boys” could. How ‘bout that? Have some faith! Do your DD! GO EDEX!



IRVINE, Calif., Sept. 17 /PRNewswire-FirstCall/ -- Eldorado Exploration, Inc. (Pink Sheets: EDEX) announced today the results of the acid frac stimulation on the Wanner 27-1 well in Stark County, North Dakota. The Company and its partners initiated an acid frac on 210' of the Lodgepole formation with 1000 BBLS (40,000 gallons) of gelled acid at the rate of 35 barrels per minute (1470 gallons per minute). After the acid frac, swabbing has returned a total of about 400 barrels of largely drilling mud along with a portion of the acid products and hydrocarbons. The swabbing rig was released and a pumping unit has been ordered for the final completion of the well. Swabbing uses a vacuum pull from above, and a pump pushes up from below, which can be much more efficient to moving the heavy acid limestone mix from the frac process to the surface.

The fluids include crude oil and gas, verified by geochemical analysis of the fluid. Testing indicates that this Lodgepole reef well may be capable of producing crude oil at the rate of 250 BOPD. Due to a bottom hole pressure test of 4700 PSI, the zone could produce at a much higher rate after the zone cleans up. The Lodgepole mound reef play was first initiated by a discovery well drilled by Conoco in 1993 near Dickinson, North Dakota. By the end of 1996, there were 21 producing wells and 6 new fields. The better wells produced at rates of 1000 BOPD to over 2500 BOPD with substantial volumes of natural gas. Due to the subtle features, Lodgepole accumulations are difficult to find using conventional Seismic methods. Eldorado Exploration, Inc. has a 6% Working Interest in the Wanner 27-1 well. The company has agreed to participate in the drilling of 13 more Lodgepole wells in Stark County, North Dakota with a 33% of the Working Interest on all 13 wells.