Eldorado Exploration To Test New Mexico Well Potential
Irvine, CA - Eldorado Exploration Inc. announced recently that it has contracted a workover and completion rig to test 195 feet of porosity in its Mesa #1, a 7000 Ft. Roosevelt County, New Mexico well. The rig is expected to be on site on or about April 10th and the results of the tests and reserves estimates should follow in 18 – 20 days. The Mesa #1 found 90' and 80' of porosity and permeability with indications of gas in two zones and the expectation of gas with oil potential in the Granite Wash Zone at 7000' – 7025'.
The Company has two additional lease blocks totaling over 30,000 acres on PIP identified prospects located west of the 11,300 acre Mesa play.
SOURCE: Eldorado Exploration, Inc.