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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

Comment by Bertie20on Sep 15, 2021 8:50am
326 Views
Post# 33860614

RE:Long game

RE:Long game

I may be out right now, but I'm watching very closely. The key for me investing back in is that the company needs to start delivering OPERATIONALLY. At the start of the year they had planned to have drilled 4,5 and 6 by the end of Q2, gone back to test 1 &2, have had a fully compliant 51-101 reserve report, have agreed end-user contracts, and entered production in Q4. In reality they have only completed one well this year (though they were unlucky with well 3), and none of the rest has happened. Meanwhile, we know nothing about the plan for wells 1&2, and next to nothing about the production plan. 
They are falling down when it comes to implemention--excited interviews on YouTube won't cut it anymore. Their halo has slippped; it's in their hands to restore it, but they need to start delivering.

 

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