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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. 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 Margin321on Aug 25, 2021 1:43pm
341 Views
Post# 33761717

Likely wimpiest press release date of all time

Likely wimpiest press release date of all time

<<Desert Mountain Energy Corp. is pleased to announce that it has finished the completion and testing of well #4 and has released the rig. The Company has sent flow gas samples to the laboratory for testing and will announce those results when it has completed reservoir analysis on the well. "Open hole logs and flow tests have provided significant additional data which the exploration team is applying to the current data set," said Desert Mountain Energy Corp. CEO, Robert Rohlfing.>>


We don't know if the well is a discovery, if it is commercial, what the flow tests showed, what rate if any it can be produced at, whether there are any proven reserves, what the helium concentrations are. The problem as release might have said -"  Testing done, more later. " Kind of bizarre to have press release to announce that. 
 

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