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Desert Mountain Energy Corp V.DME

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

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.


TSXV:DME - Post by User

Post by 12groundpounderon May 10, 2021 5:02am
215 Views
Post# 33163263

300 bpd oil equivalent helium=7500 bpd oil

300 bpd oil equivalent helium=7500 bpd oil An oil Company is worth $40 million for every thousand barrels a day oil . We should be worth $300 million  with just well number one well with the first zone not considering any production coming from zones 2 to 5. We should be trading at 300 million US dollars. The capitalization of this company is 240 million Canadian and we trade for 210, million because of the 28 million cash on the balance sheet. So we're only trading for 170 to 180MillionUS dollars. We need to trade at 400 million US to even trade like an oil company.
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