Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Desert Mountain Energy Corp > This will take awhile before first sales. Good luck!
View:
Post by Engineersoilgas on Jul 25, 2021 8:28pm

This will take awhile before first sales. Good luck!

I am not sure where these wells are but more than 1/2 of their acreage is on state and federal land and 3000 acres next to petrified forest. As soon as they go to permit a plant that will vent co2, and methane from gas I can assure you there will be reviews and lawsuits in the permitting process.  There are already lawsuits on oil and gas in the basin and the potential to damage the aquifer in the basin. This could be tied up in courts for years.
To sell helium they need the membrane and adsorption towers along with compression.  This will be more than a year to set this  Refinery up and running. They give no plant data, but has to be high pressure trucks to make it worth transporting helium as a gas not liquid.  And no storage tanks. Capital cost will be high.  The way the plant diagram is set they are going to be producing to trucks. Makes no sense.  What do you do, shut the plant down ever time a truck leaves or will trucks be lined up 24 hours to take helium. Does not make sense unless they know something I don't. And why do you store raw gas at 7 percent helium in pressurized trucks.  Makes no sense
Prices will come under pressure in 2022 when the big boys bring on big projects from article https://cen.acs.org/business/instrumentation/Help-helium-users-way/97/i46

Nowhere but up

Big helium projects with an estimated total output equal to half the current world production are planned for the next few years.
 
Sources: Company data and industry consultants. Note: The Amur Gas Processing Plant is located near Svobodny, Russia. The Helium 3 facility is located in Ras Laffan Industrial City, Qatar.
Comment by Bertie20 on Jul 25, 2021 9:17pm
There is so much wrong with this, I barely know where to begin.  "more than 1/2 of their acreage is on state and federal land"   That is misleading. They have almost no federal land; their acreage is private and state. They drilled wells one and two on state land and it was no problem. Well 3 was a problem as flagstaff complained but that was specifically next to the town& ...more  
Comment by Engineersoilgas on Jul 25, 2021 10:28pm
The federal land was based on this article, which may be misleading. https://www.knau.org/post/blm-policy-changes-could-affect-helium-development-leases-near-holbrook  However the 3000 acres near the forest is federal and is leased by Desert mountain.  The point is being close to federal lands will bring up issues in the bigger plant and environmental issues of heavy truck traffic ...more  
Comment by 12groundpounder on Jul 26, 2021 12:51am
Desert mountain is not fracking or using acid. They are also not completing any wells or formations where water is drawn from. They are also on private land not federal lands like The town of flagstad well three  and intend to keep it that way for The foreseeable future. Permits are up to two weeks but usually seven days on private lands with a quick efficient environmental review ...more  
Comment by 12groundpounder on Jul 26, 2021 12:51am
Desert mountain is not fracking or using acid. They are also not completing any wells or formations where water is drawn from. They are also on private land not federal lands like The town of flagstad well three @and intend to keep it that way for The foreseeable future. Permits are up to two weeks but usually seven days on private lands with a quick efficient environmental review. Environmental ...more  
Comment by Engineersoilgas on Jul 25, 2021 11:00pm
Read this and tell me how you know 1 bcf is lost when the reserve is still producing to in kind customers.  Amarillo , Texas – The Bureau of Land Management today announced the process and timeline by which remaining helium and helium assets will be disposed of in order to meet the requirements of the Helium Stewardship Act of 2013. In accordance with that law, the ...more  
Comment by Bertie20 on Jul 26, 2021 6:41am
For anyone interested in the future of the reserve, the info regarding its production dynamics is here: https://drive.google.com/file/d/1sopNrDIccz-Tf4RcUlRKK08SQolp9nkN/view This is my last post to Engineersoilgas. He/she will be being paid per post that people reply to them, so I'm not going to enrich them any further. 
Comment by 12groundpounder on Jul 26, 2021 12:28am
I was told the Co2 Carbon dioxide will be re-injected in the well.Also the gas helium three or four that the American government picks up they get paid the very same day that it's in the truck. They were going to have to mine helium three on the moon way more expensive so they're prepared The desert mountain energy as soon as they pick it up. The isotope lab is within 200 miles from what I ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities