Desert Mountain Energy Corp. has now started completion work on Offset Wells #5, #6 and #7 in the McCauley Helium Field. Sampling will be completed in the next 10-14 days with approximately another 14 days to get results for public release. "The team is excited to finally complete and sample the 3 offset wells in our McCauley Helium Field which will be the first of our discoveries to go into production," says Robert [...]
Desert Mountain Energy Corp. From the President of the Company. 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. DME spent in excess of USD 700,000.00 to move rigs and equipment on the first seven wells. Initially [...]
Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that it is mobilizing the cased hole logging work on Wells #5, #6 and #7. DME will be utilizing additional cased hole logging tools to further increase our team's knowledge and correlate the mass spectrometer, gas chromatograph readings, geo logs, mineralogical descriptions and open hole logs. The Company anticipates having [...]
Desert Mountain Energy Corp. 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. CRITICAL GLOBAL HELIUM SHORTAGE: 1. The Russian Amur Complex fires and explosion has removed a projected source of up to 25% of global helium demand. 2. The US Government has suspended production at their Amarillo, TX plant that operates and maintains a helium [...]
Desert Mountain Energy Corp. 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. Furthermore, the Company will make announcements concerning Well #3 and other pertinent issues as appropriate. We deeply appreciate and applaud our legal team. ABOUT DESERT MOUNTAIN ENERGY Desert Mountain Energy Corp. is a publicly traded [...]
Desert Mountain Energy Corp. is pleased to announce that it has set production casing to the top of the Granite Formation in Well #7. In addition to the previously announced hydrogen and helium zones, the well encountered additional multiple zones where helium was shown to be present via the mass spectrometer. We had three repeated zones of interest for helium as were previously seen in Wells #4, 5 &6. Correlation and [...]
Desert Mountain Energy Corp. The Company is pleased to announce that they have been chosen as the recipient of "Best Helium Exploration and Development Company - North America" by the Canadian Business Awards 2022. For the past six years, the Canadian Business Awards honours pioneering industries and businesses that have contributed to the Canadian economy while celebrating those who have pushed the envelope in innovation [...]
Desert Mountain Energy Corp. is pleased to announce that it has set production casing to the top of the Granite Formation in Well #6, as previously stated in the 02/28/22 press release. The well encountered multiple zones where helium was shown to be present via the mass spectrometer, in addition to the previously announced hydrogen and helium zones. We had three repeated zones of interest for helium as were previously [...]
From the President of the Company. Desert Mountain Energy Corp. is pleased to announce that it has defined three edges of a Hydrogen field with wells #4, #5, #6. The Company has set and cemented surface and intermediate strings of casing and is in the process of finishing up drilling in the McCauley field. Based on information garnered from drilling operations thus far, the Company is planning on setting and cementing [...]
Desert Mountain Energy is pleased to announce that it has completed drilling operations, set and cemented production casing on Well #5 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 [...]
The Company is pleased to announce that it has received the permit for the first offset well, to the McCauley Field discovery well. This well is situated on a local structural high, where the porosity and permeability are expected to be highly productive in multiple formations. The Company expects the rig to be mobilized and the well spudded by the end of this week. "This well will be the second well in the McCauley Field [...]
Desert Mountain Energy Corp. From the President of the Company. The Company has reserved 1,000,000 stock options aggregated to officers, directors and certain consultants. The options are subject to approval by regulatory agencies and are exercisable for a period of five years at a price of $2.50 which was a premium to the close of market on 01/11/22. Desert Mountain Energy Corp. is a publicly traded resource company [...]
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