Desert Mountain Energy Corp. has now started completion work on Offset Wells #5, #6 and #7 in the McCauley Helium Field.
DME News Releases
The Company is pleased to announce that it has purchased five heavy haul rigs to move drilling and plant processing equipment. The Company has lost critical time waiting to get drilling equipment moved and has seen a large increase in heavy haul rig costs.
The Company is pleased to announce that it is mobilizing the cased hole logging work on Wells #5, #6 and #7.
As DME continues on its path to production, the Company would like to make an update on the progress through to the start of Q3.
Desert Mountain Energy Corp. (DME) is pleased to announce that the Arizona Court of Appeals has ruled unanimously in favor of the Company and ordered the original ruling vacated and remanded.
I’m going to make the premise of this article really easy in four points.
First, the world is experiencing a helium shortage and Desert Mountain Energy (OTCQX:DMEHF) might be the ticket to play this looming crisis.
Second, A large percent of the worlds neon production just stopped via the Ukraine-Russia war. Some sources place this at 50% of worldwide neon production, while others peg it at 90% (if looking at semiconductor grade neon). Guess who found neon gas in wells. Answer: Desert Mountain Energy.
Desert Mountain Energy Corp. (DME) is pleased to announce that it has set production casing to the top of the Granite Formation in Well #7 (13-1).
As bullish as I’m on Desert Mountain Energy, other He juniors could also be successful. But most others are 6-12 months behind in terms of meaningful production, and a further 12-24 months (if ever) from designing, permitting, funding, building, commissioning & operating a facility like the one that DME will start commissioning in July.
Compared to peers, DME has a more experienced mgmt. team, Board + advisers, and is fully-funded through positive free cash flow.
Vancouver, Canada Office
750 West Pender Street
Vancouver, BC V6C 2T7
Email: [email protected]