Desert Mountain Energy Corp V.DME

This is huge news!!!!

[Biloxibuzz]

An analysis of the first two wells drilled has been completed. it looks like the percentage of Helium is very high. (Approximately 7% and 4%). 90% of all helium wells fall it the 1% range. So this is about as good as it gets. It looks like they are going to drill three more holes in the near future.  It is hard not to get excited about these results. The stock should take off when these results get disseminated. Good time to buy. The stock price is only going up.

[Bertie20]

I'm still trying to make heads or tails of this. Under the 640 acre scenario (in the report), the estimate seems to be suggesting helium in place gas reserves of some (probable and potential) of some 284m cu ft. Which is a fantastic number as far as I can tell. But, like I say, I'm still trying to better understand this announcement...

[Bertie20]

I'm still processing this, but the more calculations I do, the better it looks.  Porosity is very good--20-28 is more than raspectable. The gas in place vs the recoverable gas figures are very close. Only around 10% difference between the two. I guess that's a helium thing (in the case of oil, the recoverable figure would usually be only around a third of the in-place figure

[FilProTrading]

It is definitely great to get a detailed report like this as well as confirmation that the next three drill sites have been selected on the private property and will begin soon pending weather and other logisitcs. I'm trying to understand what the projected life of this well will be (granted this is all very preliminary and based on a range of assumptions). From an early DME presentation

[Bertie20]

Hi FilPro. Your assumptions look good to me! It's illustrative of how profitable this project is likely to be--this one well, which cost less than $1m to drill, could easily end up bringing in over $80m on its own. And that's using the $275/mcf price figure. If DME do end up refining their own helium, they should be getting a much higher price than that....

[FilProTrading]

Bertie, thank you for the feedback and insight on the well CAPEX compared to the potential lifetime revenue. This is really exciting especially as you said with the plan for DME to do their own refinement. DME is a position I'll be adding to throughout this year! 

[Fredo51545]

!. One well at Pinto Dome accounted for a very large share of the lifetime production. 2. Refined He sells for about $1.00 pr cf. 3. Only one of the two zones can be produced unless well spacing is allowed to be downsized as the pressure differential between zones does not allow for a comingled dual completion. At least, that is my understanding. 4. I am assuming average He content of 5% across

[Buyhigheatchips]

A rare value stock these days!