news...discovery well... Desert Mountain Energy Corp. is pleased to announce that it has encountered significant showings of helium across four formations in its fourth wildcat well. A decision was made to set production casing and is in the process of cementing it into place. In keeping with the original plan, indications suggest there was very limited background levels of gases other than Nitrogen and Helium present during drilling.
The Company will be scheduling the completion equipment and will not make further announcements with regards to this well until those completion procedures and testing are completed.
The Company is also pleased to announce that it has been assigned a direct payee number by the US government, to enable immediate same day payment for gases shipped.