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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 Ebenizer3on Jan 05, 2022 10:34pm
237 Views
Post# 34287851

RE:Well 10.1 composition

RE:Well 10.1 compositionyeah, 9% is kinda a big#, amazing no has picked up on that. More than likely the nitrogen should be 87%, the 40 acre tracts, I only hope that they are paying close to what u would lease for, but most regulations on the spacing of wells is 1 well per 40 acres for an oil well. Gas wells are usually 640 acres, and I don't think they have come up with regulations regarding helium wells, which they should in regards to helium wells producing non-hydrocarbons. Looking for a reason(really a lower price point) to get back in. But at the end of the day I really don't like the plan they have. I expected dme to be producing by now. Good luck to all
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