DESERT MOUNTAIN ENERGY COMPLETES WARRANT EXERCISES EXPIRED JULY 19, 2020 FOR $474,000.00 CDN
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to announce that it has received in $474,000.00 CDN from warrants which expired on July 19, 2020. These funds will used to continue the drilling and geophysical programs and for general working capital. The Company is well funded and does not anticipate further equity dilution financing in the near term. The Company has other warrants expiring in November at favorable pricing and would anticipate those will likely be exercised garnering the company additional funds at that time. The company has already received communication from a number of warrant holders notifying the Company of their desire to exercise their warrants.
About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.
On Behalf of the Board of Directors of Desert Mountain Energy Corp.
“Robert Rohlfing”
Robert Rohlfing
Chairman & CEO
For more information, contact:
Lee Dunston – Corporate Communications
E-mail: [email protected]
Tel: +1-604-788-0300
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. 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.
DESERT MOUNTAIN ENERGY ADDS DR. JAMES M. CRONOBLE AS DIRECTOR & VICE PRESIDENT OF EXPLORATION
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) The Company is pleased to announce the addition of Dr. James Cronoble to both the board of directors and as Vice President of exploration. He earned his B.S. in Geology from the University of Oklahoma followed with both his M.S. and PhD. in Geology from the Colorado School of Mines. His more than forty years of exploration and operations experience in the Rocky Mountains and Mid-Continent of the United States coupled with his ongoing dedication to education provides the Company with an integral part of the required expertise as we transition forward. Robert Rohlfing Chairman said, “I’ve had the distinct honor of working with Jim and some of his students over the years and I look forward to once again having that rewarding experience. His experience in working with a team approach between geologists, geophysicists, and petroleum engineers will provide additional crucial experience as the Company grows.”
About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.
On Behalf of the Board of Directors of Desert Mountain Energy Corp.
“Robert Rohlfing”
Robert Rohlfing
Chairman & CEO
For more information, contact:
Lee Dunston – Corporate Communications
E-mail: [email protected]
Tel: +1-604-788-0300
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. 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.
DESERT MOUNTAIN ENERGY RESTRUCTURING MANAGEMENT TEAM AS ROBERT ROHLFING ASSUMES NEW ROLE AS CEO & CHAIRMAN WITH IRWIN OLIAN RETIRING FROM THESE POSITIONS
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to report that Robert Rohlfing has now assumed the new role as CEO, President and Chairman of the Company effective at this time, replacing Irwin Olian, who is retiring from these positions. Irwin Olian, who founded the Company and ably served in these roles for the past 12 years, elected to retire from his ongoing day-to-day administrative responsibilities to devote more time to family, friends and other personal interests. However, as founder and shareholder, he remains keenly committed to the Company’s success and will be providing value-added strategic advice and services to our team going forward as a Senior Financial Consultant under a consulting agreement.
The shift from Olian to Rohlfing at the helm of the Company is part of a management restructuring effort now underway to place seasoned oil & gas industry professionals in key leadership roles within the Company. Additions of new personnel to our management and technical teams are pending. Having now drilled the initial two wells of the Company’s helium exploration program in Arizona’s Holbrook Basin and contemplating completion and testing of those wells next month as announced in our press release dated July 23, 2020, the Company is now looking ahead to its future which is contemplated to involve development activities and creation of gas infrastructure with a view toward potential helium production.
Robert Rohlfing’s skill set is well-suited to the long-term direction of the Company and he has served the Company ably as its Executive Vice-President of Exploration and Head of Technical Operations for the past two years. In such capacities, he has overseen our exploration and drilling programs on a hands-on basis, while also interfacing with our financial department and entire management team as well as the capital markets.
Robert is highly qualified to assume his new role, as a seasoned oil & gas industry operations executive with over 25 years’ experience in formulating, conducting and managing successful exploration, drilling, development and production programs worldwide. He has conducted exploration and drilling programs for a wide variety of companies for helium, hydrocarbons, precious metals and other minerals in diverse areas ranging from Arizona, Kansas, Oklahoma and Alaska in the U.S. to Papua New Guinea, Malaysia, Australia, Canada, Viet Nam and Cambodia.
According to Robert Rohlfing, new CEO of the Company, “We are grateful for Irwin Olian’s leadership over the past twelve years and wish to thank him for his many contributions. He founded our predecessor African Queen Mines Ltd. and successfully navigated that company through the mining recession acquiring, developing and selling several gold projects. During the past two years, he has overseen rebranding of the Company as Desert Mountain Energy Corp. in the Helium space and has helped to position the Company for success in its new direction. We look forward to his continued contributions to our success in the future and wish him every success in his other endeavors. I look forward to taking the reins from Irwin at this time, guiding the Company on the next phase of its success.”
About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.
On Behalf of the Board of Directors of Desert Mountain Energy Corp.
“Robert Rohlfing”
Robert Rohlfing
Chairman & CEO
For more information, contact:
Lee Dunston – Corporate Communications
E-mail: [email protected]
Tel: +1-604-788-0300
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. 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.
DESERT MOUNTAIN ENERGY UPDATES PLANS FOR COMPLETION AND EVALUATION OF ITS TWO INITIAL WELLS IN ARIZONA’S HOLBROOK BASIN
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) reports that it anticipates well perforation and completion work on its two initial wells, State 10-1 and State 16-1, will be commenced by mid-August, subject to completion rig availability. Well completion and testing functions and analysis of downhole data would be expected to be complete by month-end.
Following the completion of drilling of each of the two initial wells to their desired total depth and the cementing of production casing, the Company took a brief hiatus to allow ample time for the downhole cement to properly cure before perforating and completion procedures are undertaken. Those completion procedures will include testing for flow rates, pressure and full gaseous analysis by an independent third party to delineate the composition and percentages of Helium and other gases present in the wells.
Management is pleased to report that none of its employees have thus far tested positive for covid-19. The Company has instituted a number of protocols for social distancing, sanitization and other extra protections to minimize risk to its employees and contractors to the greatest extent possible. Thus far, the Company’s exploration and development plans have not been adversely impacted by the covid-19 pandemic.
The Company plans to make the results of testing and evaluation of its wells available as soon as practicable upon final testing.
About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.
On Behalf of the Board of Directors of Desert Mountain Energy Corp.
“Irwin Olian”
Irwin Olian
Chairman & CEO
For more information, contact:
Irwin Olian
President and CEO
E-mail: [email protected]
Tel: +1-604-788-0300
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. 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.
DESERT MOUNTAIN ENERGY ENCOUNTERS GAS IN MULTIPLE ZONES AND SETS PRODUCTION CASING ON ITS SECOND EXPLORATORY WELL IN ARIZONA’S HOLBROOK BASIN
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to announce that it has encountered gas in multiple zones in its second wildcat exploratory well in Arizona’s Holbrook Basin. DME Well No. State 16-1 (API No. 02-017-20131) encountered gas in four different zones aggregating approximately 194 ft. in width with excellent porosities. The well was spudded on July 8 and was drilled to a total depth of 2,866 ft. Production casing has now been set to 2,841ft. and cemented.
Significant gas flows were encountered both during drilling and casing setting operations. The helium content and composition of the gaseous mixture in the well remains unknown at this time, pending final well completion operations. Complete laboratory gas analysis for helium and other gases will be undertaken at that time, together with studies of estimated flow production levels.
According to Robert Rohlfing, Executive V.P of Exploration and Head of Technical Operations for the Company, “Once again, it is very encouraging to have encountered a high number of controlled gas flows during our drilling and casing setting operations. I remind everyone, the presence and amount of helium in the gaseous mixture has not yet been determined. We performed basic tests for the detection of gases which might be detrimental to the cement job, and no trace elemental Sulphur was found. Going forward, our team will be reviewing all of the geophysical data from our first two wells and making strategic recommendations based on that data.”
The Company anticipates that well completion and testing procedures will be undertaken on both of the two initial wells in the near future, with results available as soon as practicable.
About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.
On Behalf of the Board of Directors of Desert Mountain Energy Corp.
“Irwin Olian”
Irwin Olian
Chairman & CEO
For more information, contact:
Irwin Olian
President and CEO
E-mail: [email protected]
Tel: +1-604-788-0300
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. 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.
DESERT MOUNTAIN ENERGY ENCOUNTERS SIGNIFICANT GAS FLOWS IN ITS SECOND WELL; DRILLING CONTINUES
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to report that drilling of its second helium well in Arizona’s Holbrook Basin, DME Well No. State 16-1 (API No. 02-017-20131), is continuing. We have encountered significant gas flows in the well. We anticipate reaching target depth shortly. A further more detailed update will be provided upon completion of drilling operations.
About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.
On Behalf of the Board of Directors of Desert Mountain Energy Corp.
“Irwin Olian”
Irwin Olian
Chairman & CEO
For more information, contact:
Irwin Olian
President and CEO
E-mail: [email protected]
Tel: +1-604-788-0300
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. 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.
DESERT MOUNTAIN ENERGY SHARES APPROVED FOR DTC ELIGIBILITY
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to announce that shares of its Common Stock (CUSIP No. 25043D107) have now been approved for DTC Eligibility by the Depository Trust Company (“DTC”).
Founded in 1973 and based in New York City, DTC is the world’s leading securities depository. It is organized as a limited purpose trust company and provides safekeeping through electronic record-keeping of securities balances of its participants. DTC facilitates electronic trading of securities in the U.S. through its depository system, which allows participating brokerage firms to electronically clear and settle trades with other member firms, rather than transferring physical certificates. DTC is generally regarded as facilitating trading through increased ease of settlement and reduced costs.
According to Irwin Olian, CEO of the Company, “We are delighted that our securities have now been approved for DTC eligibility, as that should help facilitate trading in the U.S. and elsewhere. The securities industry has been rapidly moving forward with electronic clearing and elimination of physical stock certificates. We believe it is important for the Company’s shares to be part of this process.”
About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.
On Behalf of the Board of Directors of Desert Mountain Energy Corp.
“Irwin Olian”
Irwin Olian
Chairman & CEO
For more information, contact:
Irwin Olian
President and CEO
E-mail: [email protected]
Tel: +1-604-788-0300
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. 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.
HELIUM: Alphabet’s Project Loon launches balloon internet service in Kenya
Alphabet’s Loon launches balloon internet service in Kenya
By Duncan Miriri
Here is a interesting news story published by National Post about Project Loon and use of Helium to launch internet service in Kenya.
DESERT MOUNTAIN ENERGY COMMENCES DRILLING THE SECOND WELL OF ITS HELIUM PROGRAM IN ARIZONA’S HOLBROOK BASIN
Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to announce that it has commenced drilling its second helium well in Arizona’s Holbrook Basin. DME Well No. State 16-1 (API No. 02-017-20131) was spudded in Navajo County in the central portion of the Basin approximately one mile to the SW of our first well, DME Well No. State 10-1(API No. 02-017-20130). The well is anticipated to be drilled to a maximum total depth of approximately 2790 ft. The Company’s technical team has identified five potential target zones for helium bearing gas at varying depths.
According to Irwin Olian, CEO of the Company, “We are very excited with progress to date on our helium drill program in Arizona. After we have drilled this second well to the desired total depth and set and cemented desired casing, we plan to bring in a completion rig to sample and test each of the first two wells for helium content, full gaseous composition and pressure, with a view toward determining commercial viability.”
About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.
On Behalf of the Board of Directors of Desert Mountain Energy Corp.
“Irwin Olian”
Irwin Olian
Chairman & CEO
For more information, contact:
Irwin Olian
President and CEO
E-mail: [email protected]
Tel: +1-604-788-0300
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. 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.