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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 Bertie20on Jul 27, 2021 11:59am
246 Views
Post# 33610247

RE:RE:RE:Rig Mobilization for #4 well...

RE:RE:RE:Rig Mobilization for #4 well...

Even though DME are four-for-four, each well has learnings for the company. In this instance, it was the first well that was drilled so deep, which may partly explain the reference to "deepen understanding of specific geological formations environments". Rohlfing in one of his recent interviews in passing mentioned that wells 5 and 6 may not have been the sweet spot for porosity (though I may have misheard), which demonstrates how their thinking regarding the geology is always evolving....
What's kind of weird is that there is still no mention of wells 1 and 2. The original plan had been to test well 4, and then go back to 1 and 2. But oddly no mention of wells 1 and 2 so far. It may not be a big deal, but one possibility is that they're pondering a different approach. Perhaps they're very confident about well 4, and, given its close proximity to the production facility, they will only start with one well (which could be a particularly big earner if there is indeed helium-3). That would also free up funds if--and im guessing here--refining the helium-3 required additional processes (and thus investment). Anyhow it's all quite curious...

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