Oleblue
3週前
DESERT MOUNTAIN ENERGY ANNOUNCES ADEQ DETERMINATION FOR McCAULEY HELIUM FIELD
Vancouver, Canada, May 20, 2026 — DESERT MOUNTAIN ENERGY CORP. (“DME” or the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) is pleased to announce that it has received a “Determination of No Migration of Pollutants” from the Arizona Department of Environmental Quality (“ADEQ”) in relation to planned stimulation activities within the Company’s McCauley Helium Field in Arizona.
Based on the information submitted by the Company, ADEQ determined that no Aquifer Protection Permit (“APP”) will be required for the planned well stimulation activities associated with the McCauley Field. The determination applies to four existing wells and one planned future well within the project area.
In its letter dated May 19, 2026, ADEQ stated that the planned operations are designed, constructed and intended to operate in a manner that will prevent migration of pollutants to aquifers or the vadose zone. ADEQ’s determination referenced fracture modeling, geological isolation, well construction design, and the Company’s stimulation and recovery processes.
The Company notes that it voluntarily implemented drilling and well completion practices designed to exceed baseline regulatory standards in order to provide multiple layers of protection for groundwater resources associated with its Arizona operations.
“We appreciate ADEQ’s detailed technical review and its consideration of the engineering, geological and operational safeguards incorporated into our well design and stimulation program,” stated Robert Rohlfing, Executive Chairman and CEO of Desert Mountain Energy.
ADEQ’s determination remains subject to standard conditions, including ongoing reporting and notification requirements related to well completion and mechanical integrity.
The Company is currently evaluating next steps related to planned activities at the McCauley Field and will continue to engage with regulators and stakeholders as appropriate. Management intends to provide shareholders with updates regarding operational timing and future developments as they become available.
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 economic manner, supplying elements deemed critical to the renewable energy and high technology industries.
We seek safe harbor
“Robert Rohlfing “
Robert Rohlfing
Exec Chairman & CEO
For more information, contact:
Don Mosher, President & Director
Tel: (604) 617-5448
E-mail: Don@desertmountainenergy.com
Cautionary Note Regarding Forward-Looking Statements
Weekly Chart
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Oleblue
11月前
DESERT MOUNTAIN ENERGY CORP. SIGNS AGREEMENT TO EXPAND NATURAL GAS PRODUCTION, DRIVING GROWTH AND JOB CREATION IN NEW MEXICO
Vancouver, Canada (July 2, 2025) — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) from the President of the Company. DME is pleased to announce the signing of an agreement with Roswell Information Park LLC to purchase all natural gas produced by DME in the West Pecos Field. Additionally, Roswell Information Park LLC will serve as the primary purchaser for all natural gas entering the pipeline into the Information Park, including gas not attributed to DME, for which the Company will receive management fees.
DME is collaborating closely with Sustany LLC, Roswell Information Park LLC, and relevant local, state, and federal authorities to foster job creation, long-term growth, and infrastructure enhancements in the region.
The proposed information center is initially expected to generate between 100 to 200 megawatts (MW) of power and will ramp up to in excess of 500 MW. Discussions are underway to sell excess power back into the New Mexico power grid. DME, Sustany LLC and Roswell Information Park LLC are also exploring applications for multiple state and federal infrastructure grant programs to support these initiatives.
Artist's rendering of the initial building at the Roswell Information Park
“Currently, the construction of the Roswell Information Park, planned to begin Q1 2026, will generate new revenue streams for DME and create valuable job opportunities in New Mexico – driving long-term growth and infrastructure across the region,” said Robert Rohlfing, CEO and Executive Director of DME. “Additionally, our collaboration with Sustany LLC to explore hydrogen assets at the West Pecos Field in New Mexico underscores our commitment to advancing innovative, sustainable energy solutions.”
In Arizona, Sustany LLC continues to explore the development of the McCauley Field area and the utilization of properties currently owned by DME for the establishment of smaller data centers. These data centers aim to contribute to Arizona's economic growth and optimize DME's existing land holdings.
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 economic manner, supplying elements deemed critical to the renewable energy and high technology industries.
We seek safe harbor
“Robert Rohlfing”
Robert Rohlfing
Exec Chairman & CEO
For more information, contact:
Don Mosher, President & Director
(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.
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.
Don Mosher - President & Director
(604) 617-5448
Is the stock trying to put in a bottom?....Looks like more time is needed.
Weekly Chart
FOCUSED ON MAXIMIZING HELIUM AND NATURAL GAS PRODUCTION IN NEW MEXICO
https://www.desertmountainenergy.com/about/
Oleblue
1年前
DESERT MOUNTAIN ENERGY ADVANCES HELIUM AND HYDROGEN OPPORTUNITIES AND PARTNERSHIPS
Vancouver, Canada (April 28, 2025) — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) from the President of the Company. DME is pleased to share recent developments in its operations, legal matters, and strategic initiatives in Arizona, New Mexico, and the United Kingdom.
Operationally, DME achieved a key milestone this month with the departure of its first helium trailer from its New Mexico processing facility.
Formation of Desert Energy UK Ltd. and UK Exploration License
DME is expanding its footprint internationally through the formation of Desert Energy UK Ltd., a wholly-owned subsidiary to maximize current geopolitical unknowns. This new entity has secured a substantial onshore exploration license for helium and hydrogen in Devon, UK, spanning approximately 370 square miles (958 square kilometres). The license, granted by a large mineral and landowner who has a strong commitment to responsible resource stewardship, positions DME to engage with UK governmental agencies to facilitate geophysical work in the region.
Hydrogen Exploration in the UK and the United States
Furthering its collaborative approach, DME has signed a Memorandum of Understanding (MoU) on April 24, 2025, with Hethos Ltd. to jointly explore and produce helium and hydrogen in Southwest UK, Northeast Arizona, and Southeast New Mexico. Discussions with UK regulatory bodies are underway to support these efforts, with minimal capital expenditure expected from DME during the initial geophysical phase.
Technology Development and Strategic Partnerships
DME is also investing in innovation, having entered a non-disclosure agreement (NDA) on April 14, 2025, with private entities to develop cost-effective technologies for helium and hydrogen extraction and exploration. This partnership includes field testing of new equipment in Arizona and New Mexico, planned for Q4 2025 through Q2 2026. With development costs largely covered by the partner’s grants, DME anticipates limited financial outlay during this phase. Updates will be shared in accordance with the agreement terms.
Additionally, in collaboration with Hethos Ltd., DME is in talks with universities in the US and Europe to develop a passive tool for detecting possible and probable commercial helium and hydrogen deposits at depth. This research initiative is expected to require minimal financial investment, aligning with DME’s prudent approach to capital allocation.
Desert Mountain Energy remains focused on responsibly advancing its helium and hydrogen projects while fostering strategic partnerships and technological innovation. The Company will continue to provide updates as developments unfold.
Arizona Court of Appeals Ruling
The Arizona Court of Appeals ruled in the Company’s favor on March 4, 2025, and subsequently, on April 7, 2025, to approve the request for fees, with regard to their recent unanimous decision. Further updates will be shared as appropriate.
The Company remains deeply committed to Arizona, maintaining its wells, renewing leases, and working closely with state regulators to develop regulations for the industry.
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 economic manner, supplying elements deemed critical to the renewable energy and high technology industries.
We seek safe harbor
“Robert Rohlfing”
Exec Chairman & CEO
For more information, contact:
Don Mosher, President & Director
(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.
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.
Oleblue
1年前
DESERT MOUNTAIN ENERGY CORP. PROVIDES OPERATIONAL UPDATE: NEW MEXICO AND ARIZONA
Vancouver, Canada (January 29, 2025) — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company. Desert Mountain Energy Corp. (DME) is pleased to share an update on its operations in New Mexico and Arizona, as well as a review of the audited financials for 2024.
New Mexico Operations
The helium processing facilities at the West Pecos Abo Gas Field in New Mexico were brought online over a span of several months. As stated in a press release dated October 30, 2024, we faced various software issues that were present from the initial assembly, as well as instances of incorrect, substandard, and missing components. All of the issues have since been rectified, and the plant is now successfully separating helium from the natural gas stream. It is anticipated that the first truckload of helium will depart from the project site shortly. Based on current gas production volumes, the Company looks toward filling a truckload every 18-21 days depending upon customer specifications. This will change as gas volumes and helium percentages increase.
DME is currently selling natural gas on a monthly basis, without any sales being made into the Waha hub. The Company is actively engaged in negotiations to secure a more favorable long-term natural gas agreement.
Recently, the DME gas field in the Rozwell area has been identified as having significant potential for hosting data centers. The Company has been conducting a pilot project on its West Pecos Gas Field to assess the feasibility of operating small modular cryptocurrency mining equipment and small data centers. Additionally, a local gas producer has partnered with a major data operator to construct a 250 MW net-zero energy data center. DME is actively investigating the streamlining of the collection system to facilitate the increase in the percentage of helium and the transportation of processed gas to a mainline for use by a data center.
Continuing to own its workover rig allows DME to efficiently and economically carry out targeted maintenance on its wells, avoiding additional expenses such as mobilization, rig up, rig down, and standby costs. This enables DME to selectively assess and test different perforations, identifying and isolating those perforations with the most productive gas-bearing zones.
Additionally, DME has conducted maintenance on various sections of older pipelines as a proactive measure to prevent leaks and spills. As of now, there are no wells in the field that require artificial lift for extracting saltwater to boost gas production, resulting in substantial cost savings for the company.
The Company has developed and finalized plans for near, interim, and long-term strategies to achieve the goal of maximizing natural gas and helium production from the existing wells in the field within the next 24-36 months. Over 60% of our leases in New Mexico are situated on Federal BLM properties, and the transition in the administration in Washington, DC is expected to bring further favorable impacts to our operations in both New Mexico and Arizona.
Arizona Operations
The Company is in ongoing talks with regulatory agencies and lawmakers to establish definitive guidelines that will foster helium production in Arizona. DME appreciates the input received from the Federal Arizona delegation, state legislators, the Arizona Chamber of Commerce, and particularly the Tech Council members.
DME continues to collaborate with Beam Earth Ltd. and Hethos Ltd. to advance its hydrogen opportunities alongside its helium projects in Arizona and New Mexico. The company is engaging in conversations with Beam Ltd. and Hethos Ltd. regarding the possibility of utilizing hydrogen cells to fuel a joint helium and hydrogen processing facility in Arizona. Additionally, talks involve the potential use of DME's plant design in various regions. The focus of these discussions is centered on energy efficiency, as DME's plant design is believed to operate with an 18% reduction in electricity consumption.
In relation to the current legal action with the City of Flagstaff, the Company continues its claim and multiple defences. On January 8, 2025, the trial court dismissed three more claims against the Company, reducing the total to six out of the original 11 claims.
2024 Audited Financials
The Company changed auditors last year, and the new team finalized the fully audited financials, submitting them before the deadline. DME achieved a 66% decrease in net loss, from 0.14 to 0.05 cents per share. Management is optimistic about achieving profitability in 2025.
To view the 2024 audited financial reports, visit Sedar+
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
Exec Chairman & CEO
For more information, contact:
Don Mosher, President & Director
(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.
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.
?
Don Mosher - President & Director
(604) 617-5448
Middleborder
2年前
Closed at $0.25.30
Desert Mountain Energy pushes to reclaim helium on US critical minerals list, focuses on Arizona
"Helium exploration and production company Desert Mountain Energy has said it is working to get helium back on the United States Geological Survey’s (USGS) critical mineral list.
The company confirmed its efforts in a recent announcement, which also confirmed its efforts with stakeholders in Arizona to streamline helium extraction processes in the state.
Helium was removed from the USGS’s critical minerals list in November 2021. The USGS, an agency under the Department of the Interior (DOI), is required by the Energy Act of 2020 to refresh the list of critical minerals at least every three years.
Read more: Helium removed from US critical minerals list
Helium’s exclusion from the 2021 list was surprising, as it was included in 2018.
Robert Rohlfing, CEO of Desert Mountain Energy, said there is still work to be done, but the company is encouraged by the progress it has made and the meaningful conversations it has had.
He added, “The importance of helium to Arizona’s key industries is becoming increasingly recognised, and we are optimistic about the road ahead.”"
(See link for the entire article!"
Oleblue
2年前
DESERT MOUNTAIN ENERGY ANNOUNCES STRATEGIC PARTNERSHIP WITH BEAM EARTH LTD. FOR HYDROGEN IN ARIZONA AND NEW MEXICO
Vancouver, British Columbia, May 16, 2024 — 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 it has signed a new agreement with Beam Earth Ltd. to commence hydrogen exploration in Arizona, targeting the fourth quarter of 2024. The previously announced agreement dated July 18, 2022 is superseded by the new arrangement. Under the terms of the new agreement, Beam Earth Ltd. will finance the following:
A payment of $225,000 USD to DME within 90 days from the signing date.
Covering all geophysical and associated drilling costs, including the completion of pilot wells.
Engineering for a combined "white" hydrogen/helium plant, leveraging DME’s hydrogen separation unit currently located at the McCauley Field in Arizona.
The planning for a “green” hydrogen plant in Arizona.
The planning and engineering for ammonia and loading facilities in New Mexico and Arizona, as applicable.
Conducting geophysical work in Chaves County, New Mexico, focused on "white" hydrogen.
The planning and engineering work for “blue” hydrogen processing/reformation and power generation plants in New Mexico.
DME will be the operator of record for all wells and plants in Arizona and New Mexico. Additionally, the Company will retain 100% rights, titles, and interests for all its currently owned wells in New Mexico, as well as wells #1-4, #6, and #8 in Arizona. DME and Beam Earth Ltd. will jointly share in the hydrogen and helium profits from new wells in Arizona. This partnership also paves the way for DME to process helium from additional potential sources in Arizona, should such opportunities arise.
“As previously emphasized, we remain committed to our Arizona projects,” stated Robert Rohlfing, CEO of Desert Mountain Energy Corp. “This agreement offers a non-dilutive growth opportunity, allowing DME to focus on its advanced helium extraction technology and maximize return on investment. With the up-front payment and the planned work extending through Q1 of 2025, Beam Earth Ltd. is expected to invest between CDN $3.6 and $4.3 million before DME incurs more than minimal expenditures.”
The total funding by Beam Earth Ltd. in Arizona will be determined by the quantity of "white" hydrogen generated from wells and their decision on the extent of utilizing DME’s properties for the most cost-effective production of "green" hydrogen.
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, natural gas and condensate. The Company is focused on helium extraction from different raw gas sources in an environmental and economic manner supplying elements deemed critical to the renewable energy and high technology industries.
We seek safe harbor
“Robert Rohlfing”
Robert Rohlfing
Exec Chairman & CEO
For more information, contact:
Don Mosher, President & Director
(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.
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.
Middleborder
3年前
DESERT MOUNTAIN ENERGY ISSUES A CORPORATE UPDATE
PR NEWSWIRE
9:00 AM ET 04/05/2023
VANCOUVER, BC, April 5, 2023 /PRNewswire/ - DESERT MOUNTAIN ENERGY CORP. (the "Company") (TSXV: DME) (U.S. OTC: DMEHF) (FSE: QM01) From the President of the Company. The Company is in the final stage of development that will lead to commercial production. The recently completed financing will allow the company to build all the infrastructure necessary and complete the start-up work necessary to bring six helium wells into production. The McCauley Helium Processing Facility (MHPF) is operational. Nitrogen and atmospheric air was injected into the facility at 250-500 psi and it successfully isolated all of the component elements. Nitrogen was vented off and other elements were separated during the process with trace amounts of helium identified at the end of the processing test.
Helium Wells 4, 5, 6 and 7 were shut-in with KCL fluid to prevent any unwanted release, migration or loss of any gas prior to putting them into production and to address the general security of the wells. After the MHPF was delivered in December 2022, the wells were physically connected (via underground piping and metering manifold) to the MHPF.
The Company is currently securing a swabbing rig in order to remove the fluid via tubing swab. Once that is accomplished, gas can start flowing into the MHPF. Each well will need approximately 3 to 7 days of work. DME expects the 60-to-90-day optimization program that will lead to commercial production will be completed by the end of April 2023.
"This small final step, leading into the plant operating and processing raw gas is a relatively low-risk operation," said Robert Rohlfing, CEO of DME. "We expect to be a vertically integrated primary producer of helium, selling commercial gas this quarter."
By the end of June or early July 2023, individual well performance should be completed and stabilized at the "optimum" long-term production rate. The Company will then know the production capability of the MCauley Helium Field (flow rates, pressures and final gas composition).
VALORIE FARLEY ACCEPTS THE CHIEF FINANCIAL OFFICER ROLE AT DESERT MOUNTAIN ENERGY CORP. (DMEHF)
The Company is pleased to announce that Valorie Farley has accepted the role as the next CFO of Desert Mountain Energy Corp. (DMEHF) Valorie is a CPA with experience in power generation and distribution, natural resources, regulatory and financial reporting, audits and real estate development. Scott Davis will continue to administer the Canadian side reporting, financial and audits to assure a smooth transition over the next number of months. This transition will also be including a change to the US GAP procedures and practices.
"I look forward to working with Scott Davis as we transition the accounting into the U.S.," said Valorie Farley. "One of the first jobs will be identifying tax rebates and government grants that the Company should be eligible to receive, based on our solar and hydrogen initiatives." Valorie will immediately assume the accounting for all of the Company's US corporations.
"We'd like to thank Cross Davis & Company's accounting team for the thorough work they have done and we look forward to maintaining that relationship as our company transitions and continues to experience growth," said Robert Rohlfing, CEO of DME. "This move is another significant step forward in fully developing our own internal accounting team facilitating our growth goals in North America and elsewhere."
ABOUT DESERT MOUNTAIN ENERGY (DMEHF)
Desert Mountain Energy Corp. (DMEHF) 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
Middleborder
3年前
VANCOUVER, British Columbia, March 13, 2023 (GLOBE NEWSWIRE) -- Desert Mountain Energy Corp. (DMEHF) , based in Vancouver, focused on helium, today announced that Don Mosher, President and Board Director, will present live at the Oil & Gas Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on March 16th, 2023.
DATE: March 16th, 2023
TIME: 11:00 am ET
LINK: https://bit.ly/3I8vLSO
Available for 1x1 meetings: March 16, 2023
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
Research&Hope
3年前
DESERT MOUNTAIN ENERGY ANNOUNCES C$20 MILLION MARKETED PUBLIC OFFERING OF UNITS
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 it has launched a marketed public offering (the “Offering”) of units (the “Units”) in the capital of the Company, at a price to be determined in the context of the market (the “Issue Price”) for gross proceeds of up to C$20 million. Beacon Securities Limited (the “Agent”), is acting as sole Agent in connection with the Offering. Each Unit will consist of one common share in the capital of the Company (a “Unit Share”) and a number of common share purchase warrant (each whole warrant, a “Warrant”) to be determined in the context of the market. Each Warrant will entitle the holder thereof to acquire one common share in the capital of the Company at terms to be determined in context of the market.
The Company has granted the Agent an option (the “Over-Allotment Option”) exercisable, at the sole discretion of the Agent by giving notice to the Company at any time and from time to time up to 30 days following the Closing Date (as defined below), to sell up to an additional number of Units (the “Additional Units”) equal to 15% of the Units sold pursuant to the Offering at a price per Additional Unit equal to the Issue Price to cover over-allotments, if any, and for market stabilization purposes. For certainty, the Over-Allotment Option will be exercisable for Additional Units, Unit Shares and/or Warrants (or any combination thereof). Freedom Capital Markets is acting as advisor to the Company in connection with the Offering.
The Units will be offered by way of short-form prospectus to be filed in each in each of the Provinces of Canada, except Quebec and/or by private placement to eligible purchasers resident in other jurisdictions that are mutually agreed to by the Company and the Agent, each acting reasonably, provided that no prospectus filing or comparable obligation arises and the Company does not thereafter become subject to continuous disclosure obligations in such jurisdictions. The Units may be offered and sold in the United States to a limited number of Qualified Institutional Buyers (as defined in Rule 144A under the United States Securities Act of 1933, as amended (the “1933 Act”)) and to a limited number of “accredited investors” (as defined in Rule 501(a) of Regulation D under the 1933 Act), in each case by way of private placement pursuant to an exemption from the registration requirements of the 1933 Act and pursuant to any applicable securities laws of any state of the United States. Any Units offered and sold in the United States shall be issued as “restricted securities” (as defined in Rule 144(a)(3) under the 1933 Act).
The Company intends to use the net proceeds of the Offering for continued drilling and exploration, the purchase of infrastructure to support the McCauley Facility and the purchase of a second Helium Facility as well as other corporate purposes and for general and administrative expenses.
The Offering is expected to close on or about March 22, 2023 (the “Closing Date”), or such other date as may be agreed between the Agent and the Company, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.
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Middleborder
3年前
DESERT MOUNTAIN ENERGY SIGNS LETTER OF AGREEMENT TO PURCHASE AND PROCESS RAW CRUDE HELIUM GAS 2/22/2023
DMEHF Signs Letter of agreement to Process Raw Helium/ Hydrogen Gas...
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 it has signed a letter of agreement to purchase raw or crude helium gas from PetroSun, subject to approval by the Company and available processing capacity at the anticipated date of delivery. The agreement calls for pricing to be set based on market pricing conditions at the time of purchase and the gaseous chemical composition of the raw or partially processed gas. This agreement does not call for nor shall it be interpreted as a dedication of helium percentages or volumes from any PetroSun well(s) to any specific current or future Desert Mountain Energy processing facility. The Company has agreed to consider opportunities to explore for hydrogen on PetroSun leaseholds.
The Company has further agreed to cooperate and assist PetroSun with future exploration for both helium and hydrogen, where feasible for seismic testing and other geophysics, in order to lower overall costs. The Company feels that when applicable, it will assist in securing rig availabilities, and trucking, coupled with other testing and operational aspects.
“We look forward to working with PetroSun in their areas along with maximizing, when possible, our existing trucking, personal, and processing facilities,” says Robert Rohlfing, CEO of DME. “In our discussions with the CFO & President, they were desirous of looking for ways to adapt some of our drilling and completion procedures to ensure the protection of the environment going forward. Our Company is committed to conducting our business activities in an environmentally sound manner.”
DME will continue to actively pursue gas purchase agreements with other operators to purchase raw gas or crude helium that conforms to the Company’s stated operational guidelines. The company plans to build and operate additional plants, based on our primary McCauley Helium Processing Facility, with features to handle a wide variety of noble gas mixtures. This strategy permits the Company to maximize throughputs by adding additional wells not owned and operated by DME for the benefit of our shareholders.
PetroSun is an Arizona-based company with over 250,000 acres of land in Arizona. It trades on the OTC pink sheets and is in the process of completing its newest well.
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