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 > Long Term Price Target | 60 to 70 Wells | $1,100 per MCF

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Comment by Fredo51545on Apr 11, 2021 10:27pm

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Post# 32975495

RE:Long Term Price Target | 60 to 70 Wells | $1,100 per MCF

FilPro'

You left out two expenses.
1- DME pays the state of AZ $1million per well for each well that has a calculated reserve estimate.
2- DME must pay the state and private landowners a 12.5% royalty on gross revenue.

Furthermore, there is a 3.5% severance tax on oil and gas. It does not apply to helium but it is not out of the realm of possibility that the state will extend the tax to helium as it is a natural resource that belongs to the state.

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