Desert Mountain Energy Corp V.DME

News

[flashcash]

 

ORIGINAL: DESERT MOUNTAIN ENERGY CORP SECURES THE COMPLETION RIG AND BEGINS WORK IN THE McCAULEY HELIUM FIELD

 

2022-04-19 03:00 ET - News Release

 

VANCOUVER, BC

[Bertie20]

Ok, it's now safe to say that things are about to get bloody intereresting. In the next month, at most, we will be getting: - helium percentages for wells 5,6 and 7 - flow rates for wells 5,6 and 7  - contract announcement  - revenue forecasts for the first few wells In addition, we can probably expect other updates regarding plant construction progress and even plans for

[tylerod1]

Don't forget the other gasses they're using the new device to look for in 4/5/6/7.   He said in the last interview it wasn't built for HE4 for what it's worth. Draw your own conclusions. 

[Fredo51545]

Remember though that the overall He percentage of the plant should be about 1.6% when Well #2 is included. It was 4+%. Also, how large do you think the second plant will be? I've never heard RR talk about it.

[2percenthelium]

I think well #2 was re-worked down to 4000' as well...so the % He is likely less but purity greater. But I could be wrong, there have been a lot of interviews and news releases since it was initally drilled.  With new investors coming on board daily now, it might be important to understand the fields with the highest % He are not necessarily the easist ones to process. Hence, a $7 million

[TiredofWating]

This is such and important point - and it was lost on the market when DME took a hit last fall.   It does raise the question of whether the market will react similarly should the upcoming well results indicate He concentrations of around 1%.   Hopefully, managment can focus on explaining the pathway to production.

[ScaleofSale]

There was a big, some might say organized, hype train, pushing DME. That's just part of this game, right or wrong. RR and DM both got caught up in it and have subsequently been more measured. I applaud that. Production level is really all that matters from wells at this point. If money can be generated, as determined by their metrics, then it's a successful well. It would be great if each