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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

Comment by Bertie20on Jun 03, 2021 10:54am
173 Views
Post# 33318695

RE:RE:RE:Well 4?

RE:RE:RE:Well 4?Hi. They would drill weekends (and Christmas Day too). Rigs (and rig teams) don't get a rest.
I'm also surprised that there has been no news; I'd have expected something by now. Maybe they hit some drilling issues? Or perhaps they're doing extra testing, as they await the permit for well 5 (I presume they'd not want to have to hand back the rig after well 4 is completed). But in all honesty, I've no idea. I'm just hoping the well completes successfully. Having followed many oil and gas shares over the years, the most infuriating outcome is when companies spend a lot on a well, but have to abandon because of well issues (usually a loss of integrity), leaving you none the wiser but much poorer.
Anyhow, that's an absolute worst-case. I'd think if things were that bad we'd have heard something by now. As a result, I'm assuming we will get an update any moment. Here's hoping it's a positive one...
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