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 [...]
Desert Mountain Energy Corp. is pleased to announce that it has commenced drilling its second helium well in Arizona's Holbrook Basin. DME Well No. State 16-1 was spudded in Navajo County in the central portion of the Basin approximately one mile to the SW of our first well, DME Well No. State 10-1. The well is anticipated to be drilled to a [...]
Desert Mountain Energy confirms at the request of IIROC that its public disclosures are up to date and that there are no material undisclosed corporate events. The Company refers investors to its Press Release dated June 23, 2020, which discusses drilling of the Company's first well in Arizona's Holbrook Basin in detail and outlines next steps in [...]
Desert Mountain Energy Corp. is pleased to announce that it has encountered gas in multiple zones in its first wildcat exploratory well in Arizona's Holbrook Basin. DME Well No. State 10-1 encountered gas in five different zones aggregating approximately 182 ft. in width. The well was spudded on June 17 and was drilled to a total depth of 2354 ft [...]
Desert Mountain Energy Corp. is pleased to announce that it has commenced drilling its first helium well in Arizona's Holbrook Basin. DME Well No. State 10-1 was spudded today in Navajo County in the central portion of the Basin. The well is anticipated to be drilled to a total depth of approximately 2790 ft. The Company's technical team has [...]
- Desert Mountain Energy Corp. U.S. is pleased to announce that it is now mobilizing heavy machinery, equipment and supplies for the initial two wells of its helium drill program in Arizona's Holbrook Basin. Included are the drill rig, swivel, various bits, blow-out protector, air compressors, casing, wiring, cement mix and pumping equipment, etc [...]
Desert Mountain Energy is pleased to announce that it has closed its non-brokered private placement previously announced on June 1, 2020, raising gross proceeds of CAD $651,350. Under the terms of the Offering, the Company issued 1,861,000 Units at a price of CAD $0.35 per Unit. Each Unit consists of one common share of the Company and one-half of [...]
Desert Mountain Energy is pleased to announce that it is proceeding with a non-brokered private placement offering to raise gross proceeds of not less than CAD $500,000 up to CAD $1.0 Million. Under the terms of the private placement, the Company will offer for sale a minimum of 1,428,571 Units up to a maximum of 2,857,143 Units at CAD $0.35 per [...]
