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DESERT MOUNTAIN ENERGY CORP. PROVIDES OPERATIONAL UPDATE

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Desert Mountain Energy reports that its West Pecos Slope Abo Gas Field has been operational for over two months with AI-integrated autonomous systems. The field's production increased from 105 mcf/day at acquisition to a peak of 1.5mmcf/day through maintenance procedures. The company overcame technical challenges including malware attacks and equipment issues. The facility complies with 2025 emission regulations. The field produces approximately 30 bbls of salt water per day, significantly lower than regional averages. The company continues to explore hydrogen opportunities in Arizona and New Mexico, with different geological sources identified in each state.

Desert Mountain Energy riporta che il suo gasdotto Abo del West Pecos Slope è operativo da oltre due mesi con sistemi autonomi integrati con intelligenza artificiale. La produzione del campo è aumentata da 105 mcf/giorno al momento dell'acquisizione a un picco di 1,5 mmcf/giorno grazie a procedure di manutenzione. L'azienda ha superato sfide tecniche tra cui attacchi malware e problemi con le attrezzature. La struttura è conforme alle normative sulle emissioni del 2025. Il campo produce circa 30 barili di acqua salata al giorno, significativamente inferiore alla media regionale. L'azienda continua a esplorare opportunità di idrogeno in Arizona e Nuovo Messico, con diverse fonti geologiche identificate in ciascuno stato.

Desert Mountain Energy informa que su campo de gas Abo en West Pecos Slope ha estado operativo durante más de dos meses con sistemas autónomos integrados con inteligencia artificial. La producción del campo aumentó de 105 mcf/día al momento de la adquisición a un pico de 1.5 mmcf/día a través de procedimientos de mantenimiento. La compañía superó desafíos técnicos que incluían ataques de malware y problemas con los equipos. La instalación cumple con las regulaciones de emisiones de 2025. El campo produce aproximadamente 30 barriles de agua salada por día, significativamente menor que el promedio regional. La empresa continúa explorando oportunidades de hidrógeno en Arizona y Nuevo México, con diferentes fuentes geológicas identificadas en cada estado.

Desert Mountain Energy는 그들의 웨스트 페코스 슬로프 아보 가스 필드가 AI 통합 자율 시스템으로 두 달 이상 운영되었다고 보고했습니다. 이 필드의 생산량은 인수 당시 105 mcf/일에서 유지 관리 프로세스를 통해 최대 1.5 mmcf/일로 증가했습니다. 회사는 맬웨어 공격 및 장비 문제를 포함한 기술적 문제를 극복했습니다. 이 시설은 2025년 배출 규정을 준수합니다. 이 필드는 하루에 약 30 배럴의 염수가 생산되며, 이는 지역 평균보다 훨씬 낮습니다. 회사는 애리조나와 뉴멕시코에서 수소 기회를 계속 탐색하고 있으며, 각 주에서 다양한 지질학적 자원을 확인했습니다.

Desert Mountain Energy rapporte que son champ de gaz Abo à West Pecos Slope est opérationnel depuis plus de deux mois avec des systèmes autonomes intégrés à l'intelligence artificielle. La production du champ est passée de 105 mcf/jour lors de l'acquisition à un pic de 1,5 mmcf/jour grâce à des procédures de maintenance. L'entreprise a surmonté des défis techniques, notamment des attaques par malware et des problèmes d'équipement. L'installation est conforme aux réglementations sur les émissions de 2025. Le champ produit environ 30 barils d'eau salée par jour, ce qui est significativement inférieur à la moyenne régionale. L'entreprise continue d'explorer des opportunités d'hydrogène en Arizona et au Nouveau-Mexique, avec différentes sources géologiques identifiées dans chaque état.

Desert Mountain Energy berichtet, dass sein Abo-Gasfeld in West Pecos Slope seit über zwei Monaten mit KI-integrierten autonomen Systemen in Betrieb ist. Die Produktion des Feldes stieg von 105 mcf/Tag bei der Übernahme auf ein Maximum von 1,5 mmcf/Tag durch Wartungsmaßnahmen. Das Unternehmen überwand technische Herausforderungen, darunter Malware-Angriffe und Ausrüstungsprobleme. Die Einrichtung entspricht den Emissionsvorschriften von 2025. Das Feld produziert täglich etwa 30 Barrel Salzwasser, was deutlich unter den regionalen Durchschnittswerten liegt. Das Unternehmen setzt seine Erkundung von Wasserstoffmöglichkeiten in Arizona und New Mexico fort, wobei in jedem Bundesstaat verschiedene geologische Quellen identifiziert wurden.

Positive
  • Production increase from 105 mcf/day to peak of 1.5mmcf/day at West Pecos Slope Abo Gas Field
  • Low salt water production of 30 bbls/day, reducing operational expenses
  • Successfully implemented autonomous AI-controlled processing systems
  • Owns permitted water disposal well, reducing operational costs
  • Plant meets 2025 emission regulations compliance
Negative
  • Faced technical issues including malware attacks and equipment problems requiring additional investments
  • Current production appears to be below peak levels
  • hydrogen presence confined to specific geological settings within leases

TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01

VANCOUVER, BC, Oct. 30, 2024 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of the Company. Desert Mountain Energy is pleased to announce that the West Pecos Slope Abo Gas Field has been successfully operational for over two months. The plant is autonomous, with an AI component coordinating the integrated systems necessary to process the various crude gas components being produced by the wells.

DME's technical team has worked through numerous challenges since the plant's start-up in June 2024. The team encountered a range of challenges, including malware and ransomware, wiring problems, and components not meeting engineering standards. The Company enlisted an automation team to rewrite software, enabling the company to avoid ransom demands from the malware creators. Upgrades were made to wiring, switchgear and bottlenecks in the system were addressed. The plant complies with the latest emission regulations for 2025 at both state and federal levels. The Company will implement additional upgrades as needed in response to any new regulations that may be enacted.

The West Pecos Slope Abo Gas Field, which was initially producing at a rate of 105 mcf/day at the time of acquisition on July 1, 2023, underwent immediate and cost-effective well maintenance procedures. The use of acid and surfactant sticks increased production levels to a peak of 1.5mmcf/day. The field also has a permitted water disposal well, significantly reducing expenses. Currently, the field produces approximately 30 bbls of salt water /day (SW/D) 0.1577 bbls or approximately 6 gal/day per well. Gas wells in Southwestern New Mexico can produce hundreds of bbls of SW per day, impacting revenue and reducing profits. To further enhance revenue and profits, the Company has deployed its in-house workover rig for well enhancements, with the goal of ramping up gas production and reducing saltwater output. The installation of booster compressors (previously acquired) from the wells farthest from the plant site is anticipated to amplify gas production.

Our geological team continues to identify hydrogen opportunities in Arizona and New Mexico. We continue to analyze data alongside specific downhole well log information to understand the distinct geological conditions required for elevated hydrogen levels, to potentially reproduce these results in other wells or locations on our leases. Current geological data indicates that the elevated hydrogen levels are likely confined to specific geological settings within our leases. In contrast to the hydrogen production observed in Arizona, where indications suggest ongoing production from above the Precambrian, the hydrogen production in New Mexico appears to originate from the Precambrian rock.

DME Seeks to Utilize Nearby Stranded Gas Wells for Data Center Power Source

The Company is working with a private company to identify stranded gas wells in current operational areas that have the potential to be used as a power source to operate small data centers.

New Auditor Visits New Mexico Operations for Due Diligence

Davidson and Company LLP, the new auditor for DME, conducted a visit to the West Pecos Slope Ado Gas Field operations in early October as part of their due diligence process to gain insights into the business and the challenges we face.

ABOUT DESERT MOUNTAIN ENERGY

Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on the exploration, development and production of helium, hydrogen and natural gas. The Company is focused on helium extraction from different raw gas sources in an environmental and economical manner, supplying elements deemed critical to the renewable energy and high technology industries.

We seek safe harbor

"Robert Rohlfing"
Robert Rohlfing
Exec Chairman & CEO

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.

Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company's anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company's title to properties.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

 

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SOURCE Desert Mountain Energy Corp.

FAQ

What is the current production rate at Desert Mountain Energy's West Pecos Slope Abo Gas Field?

The field reached a peak production of 1.5mmcf/day after initial maintenance procedures, up from 105 mcf/day at acquisition in July 2023.

How much salt water does DMEHF's West Pecos Slope Abo Gas Field produce daily?

The field produces approximately 30 barrels of salt water per day, or 0.1577 barrels per well.

What technical challenges did Desert Mountain Energy (DMEHF) face at its West Pecos facility?

The company faced malware and ransomware attacks, wiring problems, and components not meeting engineering standards.

Where is DMEHF finding hydrogen in its operations?

The company has identified hydrogen in Arizona (above the Precambrian) and New Mexico (from the Precambrian rock), with different geological sources in each location.

DESERT MTN ENERGY CORP

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