2007-03-08 21:24:33 -

( EMAILWIRE.COM, March 08, 2007 ) News York, NY -- Waterville Investment Research announces the release of its report on Eldorado Exploration, Inc. (Pink Sheets: EDEX)is an oil and gas exploration company with operations in Texas and New Mexico. Eldorado combines the utilization of the latest technology, Passive Induced Polarity (PIP), with current established standards in geology,

geophysical science, telluric, seismology, computer enhancements and other available methods to discover large commercially viable oil and gas deposits. The ‘PIP' method, which was developed by an Eldorado associate, allows the Company to search for electro-magnetic signals that can indicate a potential accumulation of hydrocarbons. A negative signal is almost always a dry hole and a positive signal has a 60 - 70% chance of having a commercial find. Eldorado is poised to become a significant player in new field discovery with large to giant field prospects with over 65,000 acres under lease and up to 125,000 additional acres to lease over additional ‘PIP' identified prospects.

On-line Report:

www.watervilleresearch.com/companies/resources/309-1.html

PDF Version:

www.watervilleresearch.com/companies/resources/309-1.html

For more information:

Michael Sweeney
212-828 7373
mike@watervilleresearch.com





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