Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by 12groundpounderon Aug 11, 2021 1:43am
229 Views
Post# 33683394

Dme 1, 5 zone well = 4 that others drill for 5 mln

Dme 1, 5 zone well = 4 that others drill for 5 mlnOthers to get the same helium production as Desert Mountain Energy have to drill 4 to 7  successful wells  wells for $800,000.to $1.2 million each since they have 1% helium and we have 4% to 10%. On top of it our wells are half to 1/3 the price and we have 4 to 5 massive zones of helium. Since we May have up to five zones with rich helium they may have to drill up to seven times the wells for every zone that we hit to match the Quality and quantity of our reserves. That means our reserves from one well might match the reserves of 28 wells drilled by them with very little helium percentages. I would rather have five massively thick helium zones In one well with massive reserves then to have to drill 10 to 20 wells that are barely economic Never mind the 10 to 20 Million in drilling  costs for drilling that many wells and the staff and all the work needed to match that program So not only do they have to drill up to seven to 15 wells to match our Helium production but there's also all the other cost getting those wells ready to be drilled With all the seismic geology and other expenses. Thick very high-grade helium in up to five zones we more in all cost and profitable for Net earnings then the cumbersome job and the expense of drilling 15 to 20 wells . No wonder company street at a premium that have big production wells with huge reserves. The institutions are interested in our company why do you think they offered $1 million upfront to take 2/3 of the company from us and dilute the living daylights out of The shareholders . Thank heavens our management didn't take one dollar for those deluters do you take 80% ownership and give away our destiny.
<< Previous
Bullboard Posts
Next >>