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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

Post by Fredo51545on Mar 21, 2023 1:05am
532 Views
Post# 35350412

Total Helium (TOH.V)

Total Helium (TOH.V)TOH is entering the Holbrook Basin as a competitor via a just announced joint venture. Two 8%wells are completed already and TOH is going to drill 8 more by June 30. The well productivity is very low at 130 Mcf/d, probably due to the shallow depth and low pressures characterizing the historic Pinta Dome wells in the same area.  I am wondering if production levels  this low are being extrapolated to DME's project and thus a cause of the recent  price weakness in the stock. 
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