Posts

DESERT MOUNTAIN ENERGY SECURES PERMIT FOR THIRD WELL, BLUE SKYED IN MULTIPLE STATES

Vancouver, British Columbia DESERT MOUNTAIN ENERGY CORP.  (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company.

The Company is pleased to announce that the Arizona Oil & Gas Conservation Commission has granted Desert Mountain Energy Corp. the permit to drill the third exploratory helium well in NE Arizona.  This well is located approximately 70 miles west of the two successful wildcat helium wells the Company drilled then completed in August of this year.  This well is situated on a known anticlinal feature which the Company ran proprietary seismic and other geophysical studies pertinent to locating specific trapping mechanisms required to have commercial quantities of helium.

The Company has contacted the drilling contractor and is now in queue for the drill rig in addition to the open hole logging and cementing companies.  The Company anticipates having the well drilled in December weather permitting, followed with perforating and flow testing being completed as expediently as possible, weather permitting. 

After anticipated completion of the third well, the Company anticipates undertaking additional work on both of the first two wells then performing additional flow testing on both wells.  This test data will be added into the previous flow data to secure a more accurate understanding of anticipated flow rates and volumes from which final design criteria for the processing plants will be based. 

The Company, in addition to securing its OTCQB, listing is now listed with both Mergent/Moody’s Manual and Blue Sky Data Corp. and is recognized in over 40 states and US territories.  The Company is a foreign private issuer and claims the exemption pursuant to Rule 12g3-2(b) under the Securities Law Act of 1934.

Additionally, the Company is pleased to announce the addition of Edward Coalson, Ph.D. as our “Qualified Reserves Evaluator”.  Ed received his B.S Geology from Cal State University, M.S. Geology from University of Wyoming, Ph.D. Geology from Colorado School of Mines.  His experience in Petrophysics led to the discovery of many significant oil and gas fields in Colorado and Wyoming. Ed’s experience has been further amplified with teaching courses including Colorado School of Mines.    

About Desert Mountain Energy

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the US.  The Company is primarily looking for elements deemed critical to the green energy and high technology industries.

We seek safe harbor

“Robert Rohlfing”
Robert Rohlfing
Chairman & CEO

For more information, contact:

Don Mosher, Vice President of Finance

(604) 617-5448

E-mail: Don@desertmountainenergy.com

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.   

DESERT MOUNTAIN ENERGY ANNOUNCES FULL OTCQB BOARD LISTING

Vancouver, British Columbia – DESERT MOUNTAIN ENERGY CORP. (TSX.V:DME, OTCQB:DMEHF, Frankfurt:QM01) is pleased to announce that it has been granted OTCQB listing status in the U. S.  This move will help facilitate easier access for brokers and new shareholders in the United States.

Also, the company has made significant progress in regards with the decision for placement of the final helium processing facilities and solar power generation plant in NE Arizona.  Upon a purchase agreement being signed, it is anticipated that a phase one environmental study will be conducted, prior to closing on the industrial property we are looking at.

Additionally, the board voted to grant incentive stock options to the most recently appointed board members, the CFO and to two other individuals who perform work for the company in its corporate offices.  These options were granted on October 28, 2020 and are subject to any necessary regulatory approvals.

Said options were granted under the Company’s Stock Option Plan and are exercisable for a period of 3 years at a price of CAD $1.76 per Share.  They are subject to the Company’s customary vesting policy in accordance with the Company’s rolling stock option plan and guidelines established by the exchange.

About Desert Mountain Energy

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the US.  The Company is primarily looking for elements deemed critical to the green energy and high technology industries.  We are an equal opportunity employer.

We seek safe harbor

  

“Robert Rohlfing”
Robert Rohlfing
Chairman & CEO

For more information, contact:

Don Mosher, Vice President of Finance

(604) 617-5448

E-mail: Don@desertmountainenergy.com

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.                               

A REPORT FROM THE CEO: ROBERT ROHLFING

 

A REPORT FROM THE CEO: ROBERT ROHLFING

Monday, October 26, 2020

 

3RD QUARTER REVIEW

The third quarter has been very significant for the Company:

  • Received drill permits for wells State 10-1 and State 16-1.
  • Successfully completed both wells, significant pay zones were discovered in both holes.
  • Sampling proved significant concentrations of helium in both wells with excellent well pressure, low CO2 concentrations.
  • Purifying the helium will not involve any costly or problematic issues due to the mix of gases in our wells.
  • Completed a $13 million financing priced at $1.60.
  • Added 3 new board members to the team.
  • Began design work on a solar-powered processing facility

 

VERTICAL INTEGRATION

The Company is planning on becoming a vertically integrated helium producer selling directly to end users. Offtake discussions that have taken place over the last 2 years with helium processors made it evident that over 40% of our revenues would go to support their “processing system”. Prices for finished product have varying price points that range from $490 per mcf for shield gas to $3,200 per mcf for extreme high purity gas. We believe that the shareholders should benefit from the greater revenue achieved by finishing our own helium.

 

PRODUCTION

The Company plans to be in production starting the 4th quarter of 2021. To achieve this goal, we will undertake the general following items:

  • Finish permitting for a third well in the western part of the Holbrook basin to prove-up additional low CO2, high nitrogen content raw gas.
  • Drill third well in early November, secure gas analysis and flow rates
  • Contract with Gas Engineering firm to begin design of both well site Nitrogen stripping and final processing facilities.
  • Contract with power engineering firm to finalize solar generation site requirements. Goal is to become as close to carbon neutral as possible
  • Finalize & sign contracts with surface owners, for both power generation site and processing facilities.
  • Begin archeological studies and reviews for both well sites 4-6 and seismic acquisition
  • Exercise options for up to additional 42,000 acres of leases or some portion thereof.
  • After further gas analysis and flow testing, provide possible end users with options for purchase agreements and execute them when most advantageous for DME.
  • Secure Tractor trailer rigs as required by agreements.
  • Train plant personnel and secure additional contract drivers for trucking aspects

 

DME’S 4-YEAR PLAN:

We plan to start producing from 4 to 6 wells the fourth quarter of 2021. Our success in raising $13 million gives us the money to rapidly move forward with the first phase of our plans. Full development of our land package is expected to take approximately 4 years.

The 4-year plan to full production:

  • Total number of wells projected to be 50-55
  • Total projected capital expenditures including all drilling and infrastructure over 6 years is $45,000,000
  • Upgrade helium to end users will result in a shorter payback period.
  • Signing contracts with end users will stabilize future price swings in the helium market and give us a competitive edge.

We realize this is a very ambitious plan, however, with the success of the first 2 wells proving our geological model, it can be achieved. There is a lot of work and planning to be done along with expanding our team.

 

ABOUT DESERT MOUNTAIN ENERGY CORP:

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the US. The company is primarily looking for elements deemed critical to the green energy and high technology industries. We are an equal opportunity employer.

We seek safe harbor

Robert Rohlfing, CEO

 

For more information, contact:
Don Mosher, Vice President of Finance 604-617-5448

E-mail: don@desertmountainenergy.com

The TSX Venture Exchange & IIROC has not reviewed and does not accept responsibility for the adequacy or accuracy 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.

Where Helium Is Heading & Turning Desert Mountain Energy Into An Energy Company

In this interview, Andrew O’Donnell is joined by Robert Rohlfing the CEO & Chairman of Desert Mountain Energy. The key topics they discuss are:

• Helium sector
• Outsourcing excess energy
• Closes $9,125,000 Private Placement

Desert Mountain Energy (DME.V) wanted some money, the markets went all ‘No, take more! Take it all!’

“Not so long ago, one of our sales guys called Desert Mountain Energy (DME.V) and said, ‘yo desert bros, we like helium, you got helium, let’s work together.’

DME politely face-palmed. ‘We don’t really have a lot of money,’ they said. ‘We’re transitioning.’

Then their stock ran from $0.70 to $1.70.

Now they’ve got dollars…. READ MORE

Two commodities that could lie at the heart of the next resources bubble

 

“Commodities tend to move in cycles. And if you can identify early on which ones are about to surge in demand, you can profit handsomely. Dominic Frisby looks at which commodities he thinks look ripe for a bubble.”

READ MORE

Tapping into “Potentially the World’s Best Helium Resource”

WATCH: Interview with DME President, Robert Rohlfing

Desert Mountain Energy CEO, Robert Rohlfing sat down with Stockhouse to discuss its new helium properties in Arizona, the importance of helium and the value and opportunity helium mining offers versus traditional mining.

Click here to watch the full interview: https://stockhouse.com/opinion/interviews/2020/09/23/tapping-into-potentially-world-s-best-helium-resource