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Desert Mountain Energy Corp V.DME

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

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

Post by Margin321on Aug 25, 2021 11:32am
275 Views
Post# 33761068

my question about extensive testing of well #4

my question about extensive testing of well #4I am glad they are getting a lot more info on the different zones in well #4 and trying to confirm that it is a discovery  (with reserves, so far the "discovery" word only appeared in the headline of a news release - it is technically a "helium show" because no wireline, no DST - and it is certainly not a commercial discovery without pressure testing, reservoir definition, proven reserves. 

BUT, if they were looking for a fast path to production in 4th quarter 2021 (that is just not on track to happen), then why didn't they do pressure testing (draw down and build up pressures) and other testing on well 1 (which flowed 24 mmcf of 7% helium) - so they could determine what rate it could be produced, establish some reserves, and start the engineering to move toward some initial production. Those numbers on well #1 seemed incredible to me and were the main reason (the other being past history of 15 years of helium production in Holbrook basin) that I decided to invest in DME. 
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