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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 Dec 13, 2022 2:41pm
156 Views
Post# 35169158

RE:NR

RE:NRI entirely agree. The key point is that this well can be monetized rapidly. It would be nice to have some idea of flow rates, but none is forthcoming. Overall though, both areas perforated are clearly commercial, and so it's ultimately going to mean more production--and in turn revenue--from the first plant. Bit of a bonus, in reality.
The question hanging over this are all the other zones, which the company has not tested as they're not suitable for the first plant. Rohlfing and Mosher had in the past indicated that this might be the best well drilled so far. Were they referring to those other zones?
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