Entries by desert_mountain

DESERT MOUNTAIN ENERGY SUCCESSFULLY COMPLETES GUNNAR DOME WELL

The Company is pleased to announce that it has successfully completed its wildcat well on the Gunnar Dome prospect. As previously announced, the Company made the decision to test multiple zones in the well to have a better understanding of the localized geology with regard to future drill locations.

DESERT MOUNTAIN SETS STOCK OPTIONS

Desert Mountain Energy Corp. (“DME” or the “Company”) has granted a total of 815,000 incentive stock options at an exercise price of $2.35 per share to its directors, officers, employees, and consultants.

DESERT MOUNTAIN ENERGY CORP. QUARTERLY UPDATE

The workover rig and the required associated equipment are scheduled to arrive next week upon being released from their current work. We will be conducting a cement squeeze operation on both sets of current perforations in order to isolate them. Once completed, perforation into a different zone where well logs and instrumentation indicated helium, will be performed.

METALS NEWS: North America’s First Vertically Integrated, Primary Producer of Helium

“I think we’ll be in the startup by the 1st of November. We expect to be receiving the modular housing units from GENRON, sometime in the next three weeks. The solar panels are in storage, they’ve landed from overseas. The fencing is going up next week. The trenching is being done right now. The plot itself, the 10.6 acres, that’ll house the solar panels and the processing facility, that site has been prepared and leveled and gravel has been laid down on it. We’re building it right now, and we’ll probably have this whole thing built and turned on in the next six weeks.”