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Desert Mountain Energy Corp DMEHF


Primary Symbol: V.DME Alternate Symbol(s):  V.DME.WT

Desert Mountain Energy Corp. is a Canada-based resource company. The Company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company holds properties under lease for helium, oil and natural gas in the Holbrook Basin of Northern Arizona. The Holbrook Basin Helium Project comprises +1000,000 acres of key Helium prospects under lease. Located in the prolific Holbrook Basin in Northeast Arizona. Its secondary focus is developing hydrogen assets in the McCauley Helium Field. Noble gases or inert gases are six gaseous elements found in small amounts in the Earth’s atmosphere. They include helium (He), neon (Ne), argon (Ar), krypton (Kr), xenon (Xe), and radon (Rn).


TSXV:DME - Post by User

Post by Fredo51545on Mar 21, 2023 1:05am
494 Views
Post# 35350412

Total Helium (TOH.V)

Total Helium (TOH.V)TOH is entering the Holbrook Basin as a competitor via a just announced joint venture. Two 8%wells are completed already and TOH is going to drill 8 more by June 30. The well productivity is very low at 130 Mcf/d, probably due to the shallow depth and low pressures characterizing the historic Pinta Dome wells in the same area.  I am wondering if production levels  this low are being extrapolated to DME's project and thus a cause of the recent  price weakness in the stock. 
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