Desert Mountain Energy Corp.’s efficacy of its proprietary system for geological research has moved from conceptual to reality with actual drilling results. The Company looks forward to proving up more of their forward-thinking methodologies. DME is looking for higher percentage He3 & He4 concentrations similar to what it has thus far found and [...]
Desert Mountain Energy Corp. The Company has received information, not yet confirmed with the City of Flagstaff, that Flagstaff has filed a temporary restraining order against the Company seeking an evidentiary hearing to stop the further drilling of any oil and gas wells located on the Company’s land holdings adjacent to Red Gap Ranch. The Company [...]
Desert Mountain Energy Corp. The Company is pleased to announce that it successfully completed drilling of the previously approved and permitted third well last Tuesday 12/08/20 and open hole logs run and production casing set and cemented into place. Upon the removal of drilling equipment, the single pit was immediately filled, thereby completing [...]
Desert Mountain Energy Corp. is pleased to announce that it has commenced drilling its third well in Arizona. DME well # State 26-1. The well is anticipated to be drilled to a total depth of approximately 2,000 feet. This well is located approximately 70 miles west of the first two wells and is intended to prove up a number of significant [...]
The Company is pleased to announce that the Arizona Oil & Gas Conservation Commission has granted Desert Mountain Energy Corp. the permit to drill the third exploratory helium well in NE Arizona. This well is located approximately 70 miles west of the two successful wildcat helium wells the Company drilled then completed in August of this year [...]
Desert Mountain Energy Corp. is pleased to announce that it has been granted OTCQB listing status in the U. S. This move will help facilitate easier access for brokers and new shareholders in the United States. Also, the company has made significant progress in regards with the decision for placement of the final helium processing facilities and [...]
Desert Mountain Energy Corp. The third quarter has been very significant for the Company. Received drill permits for wells State 10-1 and State 16-1. Successfully completed both wells, significant pay zones were discovered in both holes. Sampling proved significant concentrations of helium in both wells with excellent well pressure, low CO2 [...]
Desert Mountain Energy Corp. is pleased to announce that it has closed its non-brokered private placement previously announced on 09/14/20, raising gross proceeds of CAD $4,000,000. Under the Offering the Company issued 2,500,000 units at a price of CAD $1.60 per Unit. Each Unit is made up of one common share of the Company and one share purchase [...]
Desert Mountain Energy Corp. The Company is pleased to announce that it has signed a contract for the engineering gas feed study with SIGIT, with offices located in Denver, CO. to design the solar power operated processing facilities for the helium operations in NE Arizona. The company currently plans on starting helium production in the fourth [...]
Desert Mountain Energy Corp. is pleased to announce that it has closed it's non-brokered private placement previously announced on 09/11/20 , raising gross proceeds of CAD $9,124,899. Under the Offering the Company issued 5,703,062 units at a price of CAD $1.60 per Unit. Each Unit is comprised on one common share and one share purchase warrant [...]
Desert Mountain Energy Corp. is pleased to announce that it is proceeding with a non-brokered private placement offering to raise up to CAD $4.0 Million. Under the terms of the private placement, the company will offer for sale up to 2,500,000 units at CAD $1.60 per unit. This offering is in addition to the previously announced non-brokered private [...]
Desert Mountain Energy is pleased to announce that it is proceeding with a non-brokered private placement offering to raise up to CAD $9.0 Million. Under the terms of the private placement, the company will offer for sale up to 5,625,000 units at CAD $1.60 per unit. The company may at its sole discretion increase the maximum of the offering by up [...]