tophat, tom's written statements make definite claims that eldorado had control of drilling and testing. Could this explain why he has now deleted all past press releases from the eldorado website?
a quick google search of official edex news releases show why investors would naturally conclude that wildcatter was in the drivers seat.
a few examples:
Eldorado Exploration, Inc. Year End Update
2007-12-19 EDEX will finish the testing of the Mesa gas field in New Mexico.
The Mesa well drilled by Eldorado Exploration
The company has also leased over 28,000 acres on two nearby structures found using the PIP process
IRVINE, Calif.--(BUSINESS WIRE)--Eldorado Exploration (Pink Sheets:EDEX) announced today that it expects its Passive Induced Polarization “PIP” technology to locate hundreds of undiscovered commercial oil and gas deposits
The Mesa prospect was originally identified by a process called Passive Induced Polarization (PIP) which David T. Laurance, the president of the company, has been using since 1992
does this quote from one of the earlier press release indicate control of whats going on?
The company also will push back the start date of its Mesa well in New Mexico,