Post by
12groundpounder on Aug 10, 2021 9:23pm
Dme 1, 5 zone well = 4 that others drill for 5 mln
Others to get the same helium production as Desert Mountain Energy have to drill 4 to 7 wells for $1.2 million each . Our 1 well 4 to 5 zones whether they're 4% or 5% or 7% helium since others only get 1% helium they have to drill four to seven wells and drill twice as deep as that to get the same production. This been up to 7 million we spend up to 500,000. We have a huge advantage
Comment by
Margin321 on Aug 11, 2021 12:35am
A single well can help define the four zones because you can test them independently. But it is very hard to simultaneously produce multiple zones at widely different depths from the same well bore - partly because the lower zones have much more pressure and the upper zones won't produce until that pressure drops.