Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

TSXV:DME - Post Discussion

Desert Mountain Energy Corp > 2.8% helium is a fine concentration number
View:
Post by Margin321 on Dec 14, 2022 12:27am

2.8% helium is a fine concentration number

BUT we have no indication of the rate of raw gas at which the well will produce.  2.5% of a lot of gas is a lot of helium with good economics,  2.8% of a littlegas  is a litte helium with more questionable economics.

In the past they gave flow rates of tested zones.  It is kind of meaningless without that.
Comment by tylerod1 on Dec 14, 2022 8:57am
A poster on another site made a good point, flow rate on this well at least out of the gate is irrelevant because it will be trucked in intermittently.   Relevant though wnen calculating reserve reports later on. 
Comment by deercreekguy on Dec 14, 2022 8:08pm
I know I am showingg my innorance, but I simply do not understand wat waas ment in the lastnews release that the gas would be "metered" and then shipped to the processing center.  Can someone tell me what this metering entails?  Regards to the very longs like we are.  
Comment by ScaleofSale on Dec 15, 2022 1:16pm
Metering is required as far as I am aware, not an expert but it must be done at the well head. It will likely be necessary at other points in their extraction system/plant. Primarily it is for flow. I interchange metering with measuring, or that's how I make sense of it. Coles notes as I'm more aware of the crude process than Helium.
Comment by Margin321 on Dec 15, 2022 3:04pm
Metering and other well head measurements will not affect production or sales. it is the only way to assign the production to a specific well so they can monitor production but also flow rates, pressure stabilty, economic return of the well. Also once you load helium into a truck to transfer to the plant, there is leakage that occurs. I don't even know why they talked about this in the press ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities