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 > Spacing Exemption

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Comment by Fredo51545on Feb 17, 2023 2:22pm

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Post# 35292613

RE:Spacing Exemption

This is more than just "good" news, it is GREAT news. Since DME only produces from one zone per well, many zones that have been bypassed cannow be drilled and produced if economics warrant. Since "behind the pipe" resources are probably many times larger than those currently developed, this regulatory change represents a potentially enormous addition to asset value.

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Rig Count Soars as Utilization Surpasses Industry Averages