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Desert Mountain Energy Corp. (DME) is a publicly traded resource company focusing on the exploration, development, and production of helium, hydrogen, natural gas, and condensate. The company has successfully reassembled its natural gas and helium processing facility and received the final operational permit, enhancing safety and gas production. With plans to increase gas throughput and expand production, DME is working towards exceeding 3,000 MCFGPD from existing wells and perforations. The company is negotiating processed gas sale contracts and exploring CO2 capture and processing opportunities. DME aims to cost-effectively produce food-grade CO2 for potential commercial sale, capitalizing on the shortage of food-grade CO2 in the market. By collaborating with Beam Earth Ltd., DME is set to commence hydrogen exploration in Arizona, expanding its operations and revenue streams.
Desert Mountain Energy Corp. announced the granting of incentive stock options for 275,000 shares of its Common Stock on September 22, 2021. These options are available to directors, officers, and consultants, exercisable for three years at a price of CAD $2.83 per share, pending necessary regulatory approvals. The Company focuses on exploring and developing rare noble gas fields in the U.S., targeting elements crucial for renewable energy and high-tech industries.
Desert Mountain Energy Corp. has successfully tested well #4 in Arizona, discovering a new helium field. The testing revealed commercial quantities of helium across 14 zones with a total thickness of 378 feet. An estimated 1.9 BCF of recoverable gas in place includes approximately 1.137% helium. The company anticipates reduced production costs by over 43% due to advancements in water-free extraction methods. Future drilling plans include 5 to 6 additional wells, with operations expected to commence in 2022. Current helium prices stand at $269/mcf for crude and $580 to $2,350/mcf for processed helium.
Desert Mountain Energy Corp. has completed well #4 and released the rig, sending flow gas samples for laboratory testing. CEO Robert Rohlfing highlighted that open hole logs and flow tests yielded significant data, which the exploration team is utilizing for further analysis. The company specializes in discovering rare noble gas fields critical for renewable energy and high technology industries.
Desert Mountain Energy Corp. (TSXV: DME, U.S. OTC: DMEHF) has mobilized a completion rig and testing equipment for well #4, enhancing its capacity for flow testing and data collection on geological environments that produce helium. CEO Robert Rohlfing highlighted the use of advanced tools that will contribute to the company's technological database. Desert Mountain Energy is focused on exploring rare earth gas fields, aiming to discover elements critical to the renewable energy sector. This development is part of their ongoing exploration and resource management efforts.
Desert Mountain Energy Corp. has appointed Jessica Davey as VP of Land and to its Board of Directors. With over ten years of international oil and gas expertise, she specializes in resource evaluation and environmental studies. This appointment enhances the company's commitment to diversity, achieving over 40% female representation on its board. Additionally, Robert Rohlfing transitions to Executive Chairman and CEO, while Don Mosher takes on the President role. These leadership changes aim to bolster the company's growth in the helium sector.
Desert Mountain Energy Corp. (TSXV: DME, U.S. OTC: DMEHF) announced significant helium discoveries in its fourth wildcat well, prompting the company to set production casing for further development. The drilling indicated minimal levels of gases other than helium and nitrogen, which is promising for future production. The company has also received a direct payee number from the US government for same-day payment on gas shipments. Additionally, 150,000 options have been assigned to a consultant at $4.25 CDN each.
Desert Mountain Energy Corp. (TSXV: DME, U.S. OTC: DMEHF) announced the resignation of Dr. Edward A. Schiller from its Board of Directors. This change emphasizes the company's ongoing focus on exploring and developing rare earth gas fields in the U.S., crucial for renewable energy and high-tech industries. Despite this leadership shift, the prospects for continued exploration and the demand for critical elements remain strong. Investors should remain aware of the inherent risks associated with resource exploration and the company's forward-looking statements.
Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) has issued 1,200,000 options to directors, officers, and employees at a price of $4.25, above market close, with a three-year expiration. The company has sufficient shares to support this issuance. Additionally, Eric Witt has been appointed as Drilling Operations Manager, overseeing Well #4 drilling. The company focuses on discovering rare earth gas fields critical to renewable energy and high technology industries. Caution is advised due to inherent risks and uncertainties in exploration activities.
Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced a corporate update detailing the successful conversion of $2 warrants from its October 2020 financing, with a total of 7,953,062 warrants exercised, raising $15,906,124. Currently, the company has 70,110,909 shares outstanding and $28,970,078.80 in cash. Desert Mountain is focused on developing a helium production operation in the Holbrook Basin, AZ, and is currently drilling well #4. The release highlights the company's ongoing commitment to advancing its exploration activities.
Desert Mountain Energy Corp. (TSX.V: DME, U.S. OTC: DMEHF) has commenced operations on Well #4 in Arizona's Holbrook Basin, targeting a depth of approximately 3,900 feet. This well aims to explore for rare earth gases and helium, utilizing advanced testing technology such as drones and airborne sensing equipment. Additionally, Ched Wetz has been appointed as Vice President of Risk Management/Ethics and Compliance, bringing significant experience from various health and safety roles. The company focuses on critical elements for renewable energy and technology sectors.
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