Desert Mountain Energy Corp V.DME

Well #4 please

[GoldenArm]

It's been a month and a week and no news from Well#4.
Video of the drilling came out June 15th so it must have been shot before then, lets say June 14th and also make the assumption that it was Day 1.

10 working days is June 25th. Airborne samples would have indicated He. I'm assuming that it's a dry hole and RR and the well compensated experts including his daughter are formulating a new plan. 1 bad hole out of 4 is still a great track record.

[Biloxibuzz]

You could be right, but I see a different scenario, If it was a dry hole, the hole would be cemented in and the rig would be packed up and sent off so the daily rate would stop accruing. The drilling rig has been at this hole for quite awhile. You may recall that BD (Big Don) said that no information would be given out while the drilling was in progress. I think something unexpected happened and

[Greasemonkey65]

A rig only stays on hole if it has to, because 1, it has nowhere else to go and is parked (usually dissassembled and away from the wellhead), 2 there are drilling difficulties and methods are underway to resolve (directional whipstocks, cementing loss of circulation zones, stuck in the hole) or 3 regulatory obligations (lost logging tool in the hole and having to recover, trying to set production

[GoldenArm]

I learned something new today. Thanks for the info both you and BilloxiBuzz

[HeliumHigh]

I could not agree more about the knowledge and insights shared by you and others who graciously take the time to collaborate with each other as we all try to interpret, analyze and (hopefully) make smart finanical decisions here.   Biloxibuzz - to answer your question, I just re-checked the Arizona Oil & Gas Conservation Commission's public database.  No additional permit