Eldorado (EDEX.PK) Banks on Proprietary Technology
Eldorado Exploration (Pink Sheets: EDEX) utilizes a proprietary detection process called Passive Induced Polarity (PIP) to capitalize on oil and gas reserves not previously detected.PIP, founded and owned by GeoSurveys, uses a sensor unit to identify the presence of hydrocarbons to indicate the volume of oil and gas. Eldorado President Tom Laurance began working with the inventor in 1992, and since then has been using the tool to determine which wells have sufficient reserves and which do not. Eldorado is one of the first companies to utilize PIP, and it was that technology that assisted the company in its discovery…