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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 rmreismon Jul 08, 2023 4:32am
272 Views
Post# 35531935

RE:DME Reflections

RE:DME ReflectionsI completely agree with your statement -  "Currently, however, DME has ceased all operations in the area, with no timeframe for when it will return, and, somewhat disgracefully, no clear explanation for why they are pulling out (why precisely do they need an enhanced recovery permit?)"
I always knew that well quality was the big unknow. Rohlfing was clear all along that well numbers could not be known until optimization was completed- AND now we know that the worst fears and biggest risks regarding the wells has materialized.
i can't blame anyone for this outcome which is a known risk in a junior mining company. With that said, I agree that the explanation re: what transpired during the optimization period is greatly lacking in detail. My reaction to the news release was, "What, What?" GLTA
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