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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 HeliumHighon Sep 17, 2021 9:21am
209 Views
Post# 33876607

RE:RE:ellis martin interview

RE:RE:ellis martin interviewA lot (not all, of course) of questions are answered in this Ellis Martin interview. Much more so than the SCS interview - with updates on multiple fronts about the plan ahead (which I won't cover all of in this post), For example, there is info about how Well 4 differs from Wells 1 and 2 (I.e. purer Helium content, requiring a simpler refining process without various long lead time items necessary for Wells 1 and 2 to process the non-helium noble gases there) and what the drilling and production plans are for the Well 1/2 field and the Well 4 field (separate fields). Also importantly, (1) the company now expects the initial production (at the Well 4 field) by Q2 2022 (better than I feared), and (2) still has almost $26M in the bank and no plans to dilute/raise additional capital. More testing and production are still planned for Wells 1 and 2, but longer lead time for equipment to process that gas based on its composition simply push out production at that field farther out than for the field at Well 4 (which allows DME to generate earlier revenues). I really appreciate RR taking the time to give us this interview - very helpful.
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