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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 Fredo51545on Jun 19, 2023 5:17pm
248 Views
Post# 35504082

RE:RE:RE:Finish main job first. Show us !

RE:RE:RE:Finish main job first. Show us !I think it is fair to say that management believes they can earn a higher return on this field than investing the capital in their Holbrook project.
I would guess that it is well performance, not the plant, that is the monkey wrench in the Arizona project. No estimated production rates have ever been released. No reserve estimates. And no new wells are being drilled at either field, only new exploration wells, and some of those are for hydrogen. If they have a plant on order to produce the Rofling field, why haven't they drilled any additional wells to feed the plant?  None of this bodes well relative to the optimistic estimates by me and others. 

As an example, if the MFHRU runs at 3mmcd/d, that's $.10-.12 of per share earnings assuming a $1/cf selling price to end users. Hardly enough to get excited about.
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