DESERT MOUNTAIN ENERGY CORP SECURES THE COMPLETION RIG AND BEGINS WORK IN THE McCAULEY HELIUM FIELD
Desert Mountain Energy Corp. has initiated completion work on Offset Wells #5, #6, and #7 in the McCauley Helium Field, with sampling expected to be finalized in 10-14 days, followed by results in approximately 14 days. CEO Robert Rohlfing expressed optimism about these wells being the first to go into production, aiming to generate cash flow for shareholders within the year. The company is focused on the exploration and production of helium and other critical elements for renewable energy and technology sectors.
- Commencement of completion work on Offset Wells #5, #6, and #7 in McCauley Helium Field.
- Anticipation of cash flow generation for shareholders within the year.
- None.
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, April 19, 2022 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From the President of the Company.
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 Rohlfing, CEO of Desert Mountain Energy. "We look forward to rewarding our shareholders with a cash flow stream this year."
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company is primarily looking for 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.
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.
View original content:https://www.prnewswire.com/news-releases/desert-mountain-energy-corp-secures-the-completion-rig-and-begins-work-in-the-mccauley-helium-field-301527630.html
SOURCE Desert Mountain Energy Corp.
FAQ
What updates did Desert Mountain Energy announce on April 19, 2022?
When are the results from the McCauley Helium Field expected?
What is the significance of the Offset Wells being drilled in the McCauley Helium Field?
What does Desert Mountain Energy focus on?
What is the stock symbol for Desert Mountain Energy?
