Desert Mountain Energy was not able to file its annual audited financial statements for the year ended September 30, 2023 and its related MD&A, and chief executive officer and chief financial officer certifications in respect of the foregoing, as well as its statement of reserves data and other oil and gas information, report on reserves data by an [...]
Desert Mountain Energy is pleased to announce the successful reassembly of its natural gas and helium processing and extraction facility. The Company has received the final operational permit from the BLM. The company has made several plant modifications to enhance safety and accommodate upcoming regulatory changes in 2024. These modifications have [...]
Desert Mountain Energy is pleased to confirm the delivery of all necessary components for the West Pecos helium processing plant. Heavy rains washed out portions of roads not maintained by the Company which delayed delivery of the larger multi-stage compressor. Operational start-up is anticipated to take place in the first half of November [...]
Desert Mountain Energy is excited to report its ongoing success in reassembling the helium processing facility in New Mexico. An additional dehydration unit will be added to the system, resulting in the removal of helium, inert gases, and heavy C-molecules. This will lead to a higher net price for the methane gas produced by the company. The [...]
Desert Mountain Energy is pleased to announce that it has successfully completed the disassembly of the helium processing plant. All components have been transported to the West Pecos Slope Abo Gas Field and reassembly has begun. The Company expects this process to take five to six weeks and plans on starting up the plant shortly after pressure [...]
Desert Mountain Energy is pleased to announce the appointment of Michael O'Shea to the Board of Directors. Michael has agreed to become the head of the audit committee as an independent director. The Company acknowledges that being a publicly traded entity, it requires a board filled with competent independent members to meet the corporate [...]
Desert Mountain Energy is pleased to announce that it has closed on the purchase of the West Pecos Slope Abo Gas Field and gas gathering system located in Chaves County, New Mexico. The Company has assumed operations and the revenue stream from the existing wells. The Company secured a contract for the near term to rent a compressor to boost [...]
Desert Mountain Energy announces the immediate resignation of Jessica Davey from the Board of Directors. The Company thanks Jessica for her contribution and wishes her success in all future endeavours. Desert Mountain Energy is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and [...]
Desert Mountain Energy is pleased to announce that it has signed a binding letter of intent to purchase the Pecos Slope West Abo Gas Field and gas gathering system. The company will close the purchase on June 30, 2023, from a privately held company and will immediately assume operations and revenue from the existing 188 gas wells and 1 water [...]
Desert Mountain Energy wishes to apprise shareholders that it has continued to complete planned work as previously outlined, per the use of proceeds from the last financing. "The Company is in an excellent financial position," said Robert Rohlfing, CEO of DME. "There is approximately $19.7 CDN million cash on hand with significant percentages tied [...]
Desert Mountain Energy is pleased to announce that it has closed on an additional 80 acres of surface property within the McCauley Helium Field which could be significant for future hydrogen and noble gas operations. The Company was offered the property at $125 per acre for a cash deal. Offsetting acreage has been offered to the Company for sale in [...]
Desert Mountain Energy 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 is operational. Nitrogen [...]
