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Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  DMEHF | V.DME.WT

Metals & Mining Industrial Metals & Minerals
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

Desert Mountain Energy Corp > Forward Sales
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Post by Fredo51545on Jul 15, 2021 9:36pm
259 Views
Post# 33557302

Forward Sales

Forward Sales
Does anyone besides me believe it would be a good idea to take enough cash in via a forward sale and start paying a dividend immediately? A $.10 quarterly divvy would cost $24 million over nine months by which time they should have some wells on production. Even if initially throttled back, they would still be in a surplus cash flow position as they paydown the forward sales volumes.
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