Desert Mountain Energy Secures Permit for Well
Desert Mountain Energy Corp. has received approval from the Arizona Oil & Gas Conservation Commission to drill a new exploratory helium well in NE Arizona, about 30 miles from previously successful sites. The drilling contractor is set to arrive in 7-10 days, with plans for three new wells before completing them. The company intends to hire additional staff to manage the increased operations. These efforts align with Desert Mountain Energy's focus on developing critical resources for green energy and high-tech industries.
- Received permit to drill new exploratory helium well.
- Plans to drill three new wells before completion.
- Intention to hire additional staff to support operations.
- None.
TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, April 29, 2021 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: 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 another exploratory helium well in NE Arizona. This well is located approximately 30 miles west of the first two successful wildcat helium wells the company drilled then completed last year. These wells are all situated on a known anticlinal feature which the company ran proprietary 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 drilling company on site in seven to ten days. The Company anticipates drilling three new wells prior to undertaking completion procedures.
The Company will be adding additional staff during this time as we begin our planned work on these and other wells and their possible associated production.
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
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 forwardlooking 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 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 recent approval did Desert Mountain Energy receive?
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