Eldorado Exploration, Inc. ( Pink EDEX): Passive Induced Polarization (PIP) is a proprietary process that uses a sensor unit, which becomes polarized over a hydrocarbon deposit. PIP identifies the presence of hydrocarbons with a high degree of accuracy and the relative strength of the signal is an indicator of the volume of oil or gas. Drilling records of nearby wells, seismic and PIP were all used in identifying the Mesa prospect. GeoSurveys invented and owns the PIP process and is a partner in the Mesa prospect. They will also operate the field if the well is successful. Website: eldoradoexploration.com |