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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 Greasemonkey65on Jul 05, 2021 11:57am
295 Views
Post# 33492939

RE:RE:Well #4 please

RE:RE:Well #4 please

A rig only stays on hole if it has to, because 1, it has nowhere else to go and is parked (usually dissassembled and away from the wellhead), 2 there are drilling difficulties and methods are underway to resolve (directional whipstocks, cementing loss of circulation zones, stuck in the hole) or 3 regulatory obligations (lost logging tool in the hole and having to recover, trying to set production casing and poor cement job causing remedial cement perf/squeezes to secure) having been there many times myself usually 3 is a function of 2, and once a well is ‘snake-bit” it can be a long expensive grind to repair and move off. My guess is they encountered an extremely porous zone on drilling and lost their drilling mud to it, had to restore circulation, then once past the zone had to cement casing in to prevent it from re-curing. Then that requires a smaller bit to drill ahead which is slower and needs to be tripped out (ie replaced) more often. All these things aren’t unusual but take time, money and patience to not rush and make it worse. Not worthy of a press release until completed either. If they wanted to DST (drill stem test) any of the zones upon penetration that also requires time to condition the hole, time to run the test tools, then time to trip back in with the drilling assembly. Do this for every zone (which they should) and it gets time consuming. Again, in a wildcat this is a good thing as you may never get back to flow test those zones and this way you’ll know what you have. So chin up brothers and let the drillers do their good work and find lots of pay zones.

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