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Bullboard - Stock Discussion Forum 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... see more

TSXV:DME - Post Discussion

View:
Post by Margin321 on Jun 29, 2021 2:44pm

Slow train

Well 4 is the slow train, definitely not the one week express.
Comment by GoldenArm on Jun 29, 2021 3:40pm
Yup. Stuff like this happens. Anyday now we should know.  I wonder if the air sampling showed anything. Does anypne know how to hack a drone? Could you please hack the DME drone and see whatsup? I'm kidding ofcourse.
Comment by Bertie20 on Jul 02, 2021 8:16am
Day 44. We could have now drilled four deep holes in the time this has taken. I daren't imagine what the cost of this well is at this point....
Comment by Buyhigheatchips on Jul 02, 2021 9:04am
Hopefully they at least found some diamonds. 
Comment by Jimmyjohn1 on Jul 02, 2021 9:30am
Has anybody been able to get any info out of Don? I keep getting short non-informative responses from him. The fact that it's taking this long and hes being very tight lipped makes me think that Well 4 is good. Im thinking they hit something shallower than they expected and had to deal with that before they continued drilling to their target depth. Just my theory. I think if the Well was being ...more  
Comment by Bertie20 on Jul 02, 2021 9:38am
I've been in touch recently but did not hear much. He commented that he could not disclose any info until the rig is off the hole, and that the company had paid a lot of cash for this well.  My specific concern about this well is completion: if they are going to test the well, and ultimately keep it is a production well, it will need it to be in good shape. My worry is that they do get ...more  
Comment by HeliumHigh on Jul 02, 2021 2:39pm
I don't mean to be too Pollyanna-ish in my earlier post.  There are definitely negatives due to being at Day 44 for the Well 4 drill effort (instead of the initially projected 10-day drill effort), such as: 1.  The company is clearly off the well completion plan earlier this year. 2.  The company's cash position, though still quite substantial, probably won't allow the ...more  
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