Desert Mountain Energy Corp V.DME

well performance

[TiredofWating]

After all of this, do we even know anything about the Arizona well performance?  Is it the regulations or just bad wells?

We've been taken for a ride.

[fredo1]

We know nothing about the McCauley field or Gunnar Dome wells. They never released any data. Should have been a red flag. 

[Pfd123]

Have a look at the last few permits issued to DME and look at what type of well was checked off at the top of the application... it wasn't checked off as a helium well.... then look at whose signature is on the permit application... a newly unemployed VP from DME. https://azogcc.az.gov/permits

[Buyhigheatchips]

I thought it was a pretty fair judgment that they wouldn't assemble a plant on a field that can't be produced. Shows what I know. 

[Boscoe2015]

Lol. So move it to another property. How do we know there's helium there. Anyone seen documents or resources estimate? Jmo.

[Buyhigheatchips]

Why are people buying at 40c? Just betting on today being an overreaction?

[Buyhigheatchips]

Hard to know what to do here. When in real doubt my default is inaction I suppose ie. hold. The only real hope I see is for the McCauley field to get into production somehow before they run out of cash. Until I know otherwise I'm assuming revenue from NM will be a pittance (hopefully enough to cover costs). It would be nice if they'd come clean on the likelihood of getting the permits