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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 Jan 13, 2023 2:29pm
281 Views
Post# 35221908

RE:RE:RE:RE:Indicator?

RE:RE:RE:RE:Indicator?The flow rates for those wells are much lower than Well #1, which appears to have an immensely higher flow rate.  Remember that the gas composition for Well #1 requires a more robust/expensive processing plant than this first one, but that value should still be ultimately unlocked after this initial plant and the associated wells are producing initial cash flows for the next processing plant.  Also, one of the wells supplying this first plant is the recent Gunnar Dome well - we don't have any flow rate information for that, and it is kind of irrelevant anyway for now because gas from that well must be trucked over rather than fed via pipeline (my point being that the rate of gas supply from that well may be artificially lower than that well's actual potential flow rate).  
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