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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 Engineersoilgason Aug 01, 2021 5:41pm
127 Views
Post# 33638757

RE:RE:RE:Thanks to ausumemath

RE:RE:RE:Thanks to ausumemathWow.  You are totally confusing your gas and liquid density and coming off base.

The density of helium gas 0.178 grams/ liter.  I could not find a different density between He3 and He4

the density of liquid helium I came up with is 125 grams per liter for He4 and 59 grams/liter for He3  but that has no affect on this calculation

Here is where your calculation is off:
Since you do not produce liquid helium,  Helium is in a gas state so you use the gas density to calculate the amount of grams in an MCF.  MCF stands for 1000 cubic feet of gas.

so here goes using standard units.  Density of helium gas being 0.0114 lbs/cubic foot or 11.14 pounds/MCF  Take 11.14 lbs x 454 grams and you 5,058 grams of helium per MCF of helium you produce.

Now the thing is that you said its 300 parts per million He3.  That means in every MCF of helium you produce you get 5058 grams times 300/1000000 (300 ppm)  is equal 1.5 grams of Helium 3

1 MCF helium is then 300 dollars plus 1.5 times 1400 = 2100 for a grand total of 2400 dollars an MCF for the helium.  Sinnce there is no plant in USA that makes HE3, you netback might be small




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