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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 Margin321on Jul 09, 2021 11:55am
282 Views
Post# 33521402

RE:RE:news...discovery well...

RE:RE:news...discovery well...a show is a shia. a discovery well requireswireline testing to prove up a reservoir. even that does it gve reserves - that takes low tests and pressure testing to look at draw down and build up after well is blocked ate d of flow test. I imagine some of the delay was together wording right. Iris a positive report but they did not have enough data to announce a discovery. They will do a full appraisals d wil not comment further until that is done. Anyway, I am happy there was not bad news and the purpose of the halt was not to allow more fair access to the lifeboats of a sinking ship. 
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