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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 HeliumHighon May 25, 2021 12:55pm
297 Views
Post# 33260447

Well #4 Permit Application/Approval Timing Info

Well #4 Permit Application/Approval Timing InfoI pulled the well application/permit recently approved for well #4.  The application was filed on April 21, 2021 and was approved by the Arizona Oil & Gas Conservation Commission on April 28, 2021.  

Here are the application and approval dates for the other DME drilling permits (from 2020):

DME Well        Application Date                  AOGCC Approval Date
#3                    November 9, 2020               November 18, 2020
#2                    April 26, 2020                       May 15, 2020
#1                    April 26, 2020                       May 15, 2020


I am quite encouraged that it only took 7 days for the AOGCC to approve the most recent drill permit after the filing of the application, and none of the 2020 permits took more than 3 weeks to be approved..  It doesn't appear that DME will need to wait long for approval after it submits applciations for wells #5 and #6.  

However, I was a bit surprised that the application for well #4 was not actually filed earlier than April 21 (presuming that it was delays at the AOGCC that was holding things up).  I wonder what the gating criteria is for the timing of the company's filing of additional applications for drilling permits as we move forward.  
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