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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 Bertie20on Jul 16, 2023 8:20pm
281 Views
Post# 35543452

RE:RE:RE:RE:RE:RE:What is going on?

RE:RE:RE:RE:RE:RE:What is going on?The silence is very telling. This was a company that very regularly did promotional videos, but, after the most meaningful update in its history, crickets. The reason for the silence is, in my view, obvious: there's no story to tell. It's total chaos. The entire reason for this company to exist--Holbrook--is now potentially entirely off limits, after eight wells, a farm-in for hydrogen production, the construction of a solar plant, and the building and testing of a processing plant. And they're in governance trouble--for want of a better phrase, management has participated in a "cover up" regarding the wells' flow rate, and the press release blaming Arizona for not giving them the required permits (which don't even exist for helium) was pathetic and intentionally misleading. If this company had an independent board of directors, the management would be evicted, no doubt about it. I've been investing in resource stocks for over 20 years and never come across anything like this. For those who remain invested, I genuinely hope for a miracle for all of you--but, in all honesty, a miracle is what it will take for this company to not slide into notorious oblivion.
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