U.S. OTC: DMEHF
FOR IMMEDIATE RELEASE
DESERT MOUNTAIN ENERGY SUCCESSFULLY COMPLETES DRILLING OF WELL #5 IN McCAULEY FIELD
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company.
Desert Mountain Energy Corp. is pleased to announce that it has completed drilling operations, set and cemented production casing on Well #5 (1-1) in the McCauley Field in Navajo County, AZ. The well was drilled to a total depth of 3,925’ in the top of the Granite Formation.
“Our excellent drilling team met and hit our objectives in this well and the Company is now 5 for 5 when drilling wells. Based on the information gathered from drilling this well, we have decided to drill an additional offset (Well #7) in the McCauley field upon finishing Well #6 (10-1),” says Robert Rohlfing, CEO of DME. “The additional well will help ensure further productive horizons for the upcoming processing facility.” The Company now plans to feed 5 wells into the McCauley Finishing Facility in Q3 of 2022.
The mass spectrometer and other equipment registered 18 different structures within Well #5, where some level of helium was encountered. Of those 18 positive responses, 6 were significant in quantity. Our geologic team was within 1-2 feet plus or minus on all the major helium and hydrogen showings. Once again, this well confirms our conceptual ideas, in regard to our lease holdings. Our leasing design provides the company with the proper holdings to fully incorporate the areal extent of the acreage to encompass our field discoveries where cost-effective production can be found.
The Gunnar Dome Wildcat prospect will be drilled later in the year. As per the previous press release, final completion procedures will begin after all three wells have been drilled and the production casing is placed and cemented.
ABOUT DESERT MOUNTAIN ENERGY
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.
We seek safe harbor
Exec Chairman & CEO
For more information, contact:
Don Mosher, President & Director
E-mail [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company’s expectations.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company’s anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company’s exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.