Replies to post #26979 on Eldorado Exploration Inc (fka EDEP)

[luckyhoosier]

"Eldorado is able to discern which potential targets have sufficient reserves to be a commercial success, and which do not."

"Eldorado Exploration approaches oil & gas exploration with an intelligent and sensible philosphy. Eldorado's high caliber veteran oil & gas experts qualify projects that maximize shareholder value by pursuing achievable prospects that have multiple confirmations of potential, from both the PIP process and standard geological methods."

"With Passive Induced Polarization, the PIP Group averages better than a 70% success rate for finding commercial oil and gas wells."

[deuce]

Wow... I think you just gave more details about the wells drilled in the past than has ever been conveyed... Thanks

Whether you are dealing with seismic, PIP or just plain hoping you hit something, it is crapshoot sometimes. I have seem 'slam dunk' 3D seismic and then it is just a wet sand... $10 million later you find that out.

I don't hold issue with PIP...just wondering if the driver, be it Tom or the operating company has the experience to succeed on relatively 'easy' wells. In my experiences, going the cheapest drilling route, gets you the most expensive product.

I am not attacking anyone's expertise as I have not met anyone involved or seen them in action... just thinking out loud.

GLTA

[dirtdog]

If you read the i box it says it can tell which deposits are of commercial value and the web site says it is succsessfull in finding over 70% commercial deposits.That means it does show what is down there!And only 6 dry holes out of 50!Remember EDEX is an elephant hunter,we don't even drill sites that don't contain massive amounts of oil or gas.It always the elusive pinnicle or canyon reef that no other tech can find like PIP!