The process reportedly helps eliminate geological prospects that will be dry holes. The cost of evaluating prospects is said to be a small fraction of 3D seismic and take much less time.
David Laurance, president and CEO of Eldorado Exploration, said: Passive induced polarization technology can be used to survey large areas and find smaller targets that 3D seismic either couldn’t find or is cost-prohibitive. The potential of these prospects could be in the billions of dollars and the chance at finding and drilling one of these giant fields is one of the main reasons Eldorado Exploration provides an exceptional opportunity for its shareholders.
