Desert Mountain Energy Corp. is pleased to announce that it has tested significant Helium percentages in its new exploratory wells in Arizona. The company has completed its independent gas analyses on both of its exploratory wells in Arizona, the State 10-1 and State 16-1. In the 10-1 well the company perforated 5 feet of a limey sand in the lower [...]
Desert Mountain Energy Corp. is pleased to announce that it has released the completion rig on both the State 10-1 and State 16-1 wells in Navajo County, Arizona. Flow tests have been conducted after perforating on both wells from zones where significant gas flows where found during drilling operations. The Company feels the pressure and volumes on [...]
Desert Mountain Energy Corp. U.S. is pleased to announce that completion and testing operations have now commenced at its initial two wildcat helium wells in Arizona's Holbrook Basin, DME Well No. State 10-1 and DME Well No. State 16-1. Both wells were successfully drilled in June and July with production casing set. As reported in our Press [...]
Desert Mountain Energy Corp. is pleased to announce that it has appointed Mr. Don Mosher and Ms. Jenaya Rohlfing to the board of directors at its meeting last Friday, August 14, 2020. Additionally, the board voted to grant incentive stock options to purchase in aggregate 490,000 shares of its Common Stock to the recently appointed board members and [...]
Desert Mountain Energy Corp. is pleased to announce that Mr. Don Mosher has accepted a position as Vice-President of Capital Markets and as a Director of the Company. He replaces Ben Catalano on the Board, who has resigned as a director after 12 years of service to the Company to pursue other personal endeavors. In addition, Ms. Jenaya Rohlfing has [...]
Desert Mountain Energy Corp. U.S. is pleased to announce that it has received in $474,000.00 CDN from warrants which expired on July 19, 2020. These funds will used to continue the drilling and geophysical programs and for general working capital. The Company is well funded and does not anticipate further equity dilution financing in the near term [...]
Desert Mountain Energy Corp. U.S. The Company is pleased to announce the addition of Dr. James Cronoble to both the board of directors and as Vice President of exploration. He earned his B.S. in Geology from the University of Oklahoma followed with both his M.S. and PhD. in Geology from the Colorado School of Mines. His more than forty years of [...]
Desert Mountain Energy Corp. is pleased to report that Robert Rohlfing has now assumed the new role as CEO, President and Chairman of the Company effective at this time, replacing Irwin Olian, who is retiring from these positions. Irwin Olian, who founded the Company and ably served in these roles for the past 12 years, elected to retire from his [...]
Desert Mountain Energy Corp. reports that it anticipates well perforation and completion work on its two initial wells, State 10-1 and State 16-1, will be commenced by mid-August, subject to completion rig availability. Well completion and testing functions and analysis of downhole data would be expected to be complete by month-end. Following the [...]
Desert Mountain Energy is pleased to announce that it has encountered gas in multiple zones in its second wildcat exploratory well in Arizona's Holbrook Basin. DME Well No. State 16-1 encountered gas in four different zones aggregating approximately 194 ft. in width with excellent porosities. The well was spudded on July 8 and was drilled to a [...]
Desert Mountain Energy Corp. U.S. is pleased to report that drilling of its second helium well in Arizona's Holbrook Basin, DME Well No. State 16-1 , is continuing. We have encountered significant gas flows in the well. We anticipate reaching target depth shortly. A further more detailed update will be provided upon completion of drilling [...]
Desert Mountain Energy Corp. is pleased to announce that shares of its Common Stock have now been approved for DTC Eligibility by the Depository Trust Company . Founded in 1973 and based in New York City, DTC is the world's leading securities depository. It is organized as a limited purpose trust company and provides safekeeping through electronic [...]