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Oil Is Tough To Find And Getting
Tougher |
SYMBOL: EDEX
Every single facet of
our modern life is tied back to energy. Lose that catalyst and commerce
stops.food rots in the fields.New York City goes dark. And the
supply/demand imbalance for all traditional energy sources is fast growing
dire:
"Fortunes will be made in the "technology of keeping the
lights on:" Turning coal into diesel fuel; turning sand into barrels of
oil; creating new hybrid technologies; developing new infrastructure
efficiencies; and most of all, building and fueling the new generation of
nuclear power plants.
Talk energy with most folks, and names like
Exxon immediately roll off their tongues. Well, okay, grandpa, but that's
yesterday's news.
Lets move on to oil.
Notice how oil has exploded higher this week. The short-term reason:
Expectations that the summer driving season will suck up more gas and oil
than expected. Longer-term reason: Oils in one heck of a bull market. I
would not be surprised to see $65 - $70 oil this year.
These are two partial
clips we read today from two different analysts. They are from emails we
subscribe to. It seems lots of people are focused on oil and in our
opinion for very good reason. WE all know why! Many small unheard of
companies could become giants in the industry which brings us to this
brand new company we think you should keep an eye on....
Eldorado Exploration Inc.
(EDEX)
COMPANY OVERVIEW:
Eldorado Exploration Inc.
(Pink Sheets: EDEX) is an independent Oil & Gas Co. that uses a
proprietary process (PIP) that improves the success rate for finding oil
& gas. The company's process when used with other geology methods can
increase the odds of finding a commercial discovery to better than
50%.
"Our company avoids expenditures by not drilling on lesser
prospects.Drilling for low risk, low return wells are for other companies"
Stated, David (Tom) Laurance, President and Director
WHY EDEX SHOULD BE ON YOUR RADAR:
- Oil prices are
up 60 percent more than a year ago and consumption is climbing as
well.
- EDEX has the right
to drill on four prospects covering 40,000 acres in New
Mexico.
- One of the
potential fields has estimated natural gas reserves of 4.5 Trillion
Cubic Feet, valued in excess of $20 Billion.
- EDEX has received
Authorization for Expenditure for the 11,300 acre site.
- EDEX's technology
combines known geology methods with its computer-enhanced software (15
years in development)
- EDEX is set to
capitalize upon a process that can identify potential oil and gas
deposits from the surface readings of passive induced polarity
(PIP).
- Passive Induced
Polarity (PIP) takes various data from sites to determine it is a valid
area to explore and develop; the technology increases the chance of a
successful well.
- EDEX has
teamed with a manufacturer that produces a drill bit that works at
higher speeds than conventional bits. It also can reduce the cost of
drilling a well by up to 25%.
- Eldorado
Exploration Inc. seeks leases with medium to large field potential that
can be found and produced for $1 per barrel or less.
- Eldorado hopes to
drill up to 10 wells during 2005 and 20 wells in
2006.
- The process EDEX
uses (PIP) has been used to find three new oil and gas fields,
increasing the odds on a wildcat well from one in ten to as much as one
in two.
- EDEX has the right
to participate in any new prospects generated by the PIP process of
which there are now five major-sized targets the company has
committed to drill.
- The Passive Induced
Polarity (PIP) process has around a 70% success rate. (more
success = less wasted drilling)
- EDEX announced
production has been set on a Canyon Sand oil discovery in Texas.
It is expected to start by the first week of June.
- EDEX is
acquiring a 7,542-acre oil and gas lease block in Toole County,
Mont.
- The Toole County
targeted sands could have over 1,000,000 BBLS of oil and 4 BCF of
gas net. (oil is currently at over $50.00 a barrel)
- EDEX has a 75
percent working interest in the Toole County site.
MANAGEMENT AND OTHER COMMENTS:
On the management
team: David (Tom) Laurance (President/Director) said: "The Officers,
Directors, and I have made certain that Eldorado Exploration Inc. has
everything it needs to be successful. With the right people, the
proprietary technology, and a funded drilling budget we are prepared to
succeed in this industry."
On the PIP technology
and its increased reliability David (Tom) Laurance, President and Director
states (from company website): ".our company
avoids expenditures by not drilling on lesser prospects.Drilling for low
risk, low return wells are for other companies"
Company Philosophy:
"utilize the most current technology available to search for large
prospects that have been overlooked because of insufficient geological
data."
PIP Method That Helps Increase
Commercial Finds by up to 50%
THINGS TO CONSIDER:
Eldorado Exploration is in
position to take advantage of the current demand and booming world market
price of oil and gas.
Their Process: PIP
Identifies potential oil and gas deposits from the surface readings of
passive induced polarity (PIP). This (PIP) process can increase the chance
of a commercial discovery to better than one in two.
Eldorado Exploration
Inc. utilizes an approach in the energy industry in which the company
believes dramatically increases commercial discoveries from 1 in 10 to 7
out of 10. This process has been developed over the past 15 years and
combines known geology methods with its own computer-enhanced
software.
TECHNICAL BUT INTERESTING:
HOW THEIR TECHNOLOGY WORKS
Eldorado uses
both conventional geology and other processes such as satellite sensing
and Passive Induced Polarity on most of their prospects. Satellite imaging
has introduced new hydrocarbon exploration and recovery technology to the
oil industry. A satellite passes over an area identified by the company
and acquires the prescribed data. The information gathered by the
satellite is then entered into a software program that processes a picture
and forms an image based on the amount and intensity of gamma ray protons
that are released above the hydrocarbon field. The final product is a map
of the identified area indicating various intensities of hydrocarbons
present underground.
CONCLUSION:
There is huge pressure to reduce
America's reliance on foreign oil. Independent Oil & Gas Companies
like Eldorado Exploration are helping to reduce this dependence. Oil has
become a national security issue and Eldorado Exploration, with their
experienced management, recent acquisitions, and technological edge, makes
this a company we feel you will want to watch starting now!
Keep your eye out for news and
Watch this company
starting Monday!
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