Desert Mountain Energy Corp V.DME

Alternate Symbol(s): DMEHF | V.DME.WT

Metals & Mining Industrial Metals & Minerals

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.

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Desert Mountain Energy Corp > This is huge news!!!!

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Comment by Fredo51545on Feb 17, 2021 9:14am

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Post# 32583016

RE:RE:RE:This is huge news!!!!

!. One well at Pinto Dome accounted for a very large share of the lifetime production.
2. Refined He sells for about $1.00 pr cf.
3. Only one of the two zones can be produced unless well spacing is allowed to be downsized as the pressure differential between zones does not allow for a comingled dual completion. At least, that is my understanding.
4. I am assuming average He content of 5% across the project so would not multiply this well by 50x.

All that said, this well alone supports the current market cap with room to spare. GLTA.

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