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Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  V.DME.W | 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 HeliumHighon Mar 31, 2023 8:41am
541 Views
Post# 35371277

Email Update from Don re MPF optimization status

Email Update from Don re MPF optimization statusA poster over at the ceo board shared this email from Don:  "Rob mothballed the wells so we need to bring a completion rib back on 3 of the wells and do 1 to 3 days of work on each one. Hopefully we get it in the next week or so and get them flowing then we start the optimization program. While the financing was open all work was brought to a stand still. ". Obviously this was a bit of a surprise. I thought I should share it here right away was well. As appropriately commented by Bertie ".This information regarding the need for a completion rig to start the optimization process is why shareholders get (rightly) upset about DME’s communication. This is hugely relevant news to shareholders that are purchasing stock, and who are of course basing their trades on the advertised timings/milestones provided by the company. DME announced over two weeks ago that the plant was complete, and that sales had been initiated. Management have conducted multiple interviews, including this week, and yet they’ve made no mention of this requirement for the completion rig. Meanwhile, their presentations still mention Q1 for the optimization process to start. There’s no excuse for not telling shareholders about this needed step. ". I still have confidence in RR's ability to execute, but they must do better at communication. What is the value to investors of doing interviews to provide visibility into what is happening if you omit relevant info like this?  It may seem like a small thing to DME management in the scheme of things, but it undermine confidence. If they want to trade on a US exchange one day, they will need to change their ways. 
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