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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 Biloxibuzzon Jun 14, 2021 1:08pm
299 Views
Post# 33382210

Where is the Execution???

Where is the Execution??? On jan 21, 2021 at the annual shareholder meeting, RR did a presentation. I reviewed it yesterday and he gave a timeline for the year. We are now 14 days before the end of Q2. Some of the items that he addressed were goals for each quarter.

Goals for Q1 included: 1. Permit multiwell package. (This was to include wells 4, 5 and 6. None of this was accomplished in Q!. Well 4 was permitted in Q2. 2. Drill well 4 in Q1. (This didn't start until May 10th and no idea what the current status is.)  3. Begin permitting for second 3 well package (wells 7, 8 and 9)

Goals for Q2 included; 1. Drill second three well package (7,8 and 9). 2 Finalize permitting for the processing facilities. 

Where is the execution here? Literally none of this has been done. Yet they continue to award insiders options for what? Jobs done well???  We have a right to question management when so many marks have been missed. It has almost been a year since wells one and two were drilled and completed. What has been accomplished to add stockholder value  in the last year?   On the plus side, they have been good stewards of the cash in the bank. Even if well #4 is completed today and we get a bump in the stock price, management stilll needs to do a better job moving forward.
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