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.

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Desert Mountain Energy Corp > 1.9 BCF calculation

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Comment by Buyhigheatchipson Sep 14, 2021 5:36pm

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Post# 33857464

RE:1.9 BCF calculation

That's how I calculated except I went for it and used $1000 MCF to get $20M for those two zones.

tylerod1 wrote:
Please someone correct me if i'm wrong but here's the math i came up with.

1.9 BFC for 2/14 zones = 1,900,000 MCF

1,900,000 MCF x 1.1% = 20,900 MCF

20,900 MCF x 269$ per MCF = $5,622,000

For shits and giggles let's assume the BCF extrapolates for all 14 zones. That puts the well @ $39,354,700

I used the crude MCF price so i would expect much better gains once processed.