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Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  DMEHF | V.DME.WT

Desert Mountain Energy Corp. is a Canada-based resource company primarily focused on the exploration, development and production of helium, hydrogen, natural gas and condensate. The Company is focused on helium extraction from different raw gas sources in an environmental and economical manner by supplying elements deemed critical to the renewable energy and high technology industries. Its Holbrook Basin Helium Project comprises more than 1000,000 acres of key helium prospects under lease. Its West Pecos Slope Abo Gas Field and gas gathering system is located in Chaves County, New Mexico. The West Pecos Gas Field encompasses a vast infrastructure, including 188 wells, over 50 miles of gas collection lines, and 77,000 acres of oil and gas leases. Its secondary focus is developing hydrogen assets located within their helium fields.


TSXV:DME - Post by User

Comment by Bertie20on May 05, 2021 3:03pm
154 Views
Post# 33133742

RE:Schedule

RE:ScheduleGiven that the press release was last Thursday, and they said that the drill company should be onsite in seven to ten days, I'd hope they'll be spudding by Monday/Tuesday (May 10/11).
The well is 4,000 feet or so. The prior well drilled to 2,000 feet, and it took 7 days, so for this well I'd assume two weeks to drill. Being optimistic, it could be quicker perhaps, as days 5 and 6 last time were Saturday and Sunday, so it might be that DME reached touchdown earlier than day 7 (but didn't send a press release as it was still the weekend). But there's a lot of geology between 2,000 and 4,000 feet which could complicate things of course....

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