Desert Mountain Energy Corp. (DME) is pleased to announce that it has defined three edges of a Hydrogen field with wells #4 (11-1), #5 (1-1), #6 (10-1). 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.
From medical equipment, aerospace applications, alternative energy sources, and even the computer and video gaming industries, distinct major markets claim helium as a crucial element to their future. While supplies dwindle, prices are rising.
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.
Desert Mountain expects to be one of the greenest mining operations on the planet by using a solar farm onsite + its own produced hydrogen gas for back-up power generation.
In addition to its use in MRI machines, helium is critically important in semiconductors / fiber optics, data centers, LCD displays, hard drives, quantum computing, rocketry & lasers.
There are not many helium juniors to invest in, [less than 20]. Fewer still listed in N. America. The following interview of President Mosher discusses where Desert Mountain Energy stands today, and where it’s headed.
Don Mosher, President of Desert Mountain Energy, talks to Proactive about the company’s plans for 2022, including their solar-hydrogen-powered facility and their path to helium production.
The Company is pleased to announce that it has received the permit for the first offset well, (the 1-1) to the McCauley Field discovery well, (1-1). 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.
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.
Andrew O’Donnell from The Market Mindset sits down with Robert Rohlfing, CEO of Desert Mountain Energy, to discuss the latest news regarding their production facility as well as the purchase of 40 acres of land.
Desert Mountain plans to be the first vertically-integrated (wildcat exploration through delivery of a finished / refined He product grading up to 99.9999%) player in the world. Moreover, it plans to be the greenest supplier by building its own solar farm and using its own produced hydrogen to run back-up power generation.
For the past century, up to 95% of He production has come as a byproduct of hydrocarbon extraction. Recently this has been changing as geologists, geoscientists & mining / petroleum engineers seek trapped He in formations across the western U.S. & Canada.
No one is better at this than CEO Robert Rohlfing.
Vancouver, British Columbia – Desert Mountain Energy is pleased to announce guidance on helium reserves on its first well completed in 2020. The reserve estimate table is provided to help provide guidance on possible reservoir scenarios based on four point flow testing and correlated by Dr. Ed Coalson.