Desert Mountain Energy Corp. is pleased to announce that it has set production casing to the top of the Granite Formation in Well #6, as previously stated in the 02/28/22 press release. The well encountered multiple zones where helium was shown to be present via the mass spectrometer, in addition to the previously announced hydrogen and helium [...]
From the President of the Company. Desert Mountain Energy Corp. is pleased to announce that it has defined three edges of a Hydrogen field with wells #4, #5, #6. The Company has set and cemented surface and intermediate strings of casing and is in the process of finishing up drilling in the McCauley field. Based on information garnered from [...]
Desert Mountain Energy is pleased to announce that it has completed drilling operations, set and cemented production casing on Well #5 in the McCauley Field in Navajo County, AZ. The well was drilled to a total depth of 3,925' in the top of the Granite Formation. "Our excellent drilling team met and hit our objectives in this well and the Company [...]
The Company is pleased to announce that it has received the permit for the first offset well, to the McCauley Field discovery well. This well is situated on a local structural high, where the porosity and permeability are expected to be highly productive in multiple formations. The Company expects the rig to be mobilized and the well spudded by the [...]
Desert Mountain Energy Corp. From the President of the Company. The Company has reserved 1,000,000 stock options aggregated to officers, directors and certain consultants. The options are subject to approval by regulatory agencies and are exercisable for a period of five years at a price of $2.50 which was a premium to the close of market on [...]
Desert Mountain Energy Corp. From the President of the Company. Desert Mountain Energy is pleased to announce the purchase of an additional 40 acres of land for the drilling of developmental wells with plans to begin work this month. The Company is continuing to pursue ownership of acreage surrounding future well locations, believing it is in the [...]
Desert Mountain Energy Corp. is pleased to announce the purchase of 40 acres of land for drilling of developmental wells the planning to start in January 2022. The Company is pursuing ownership of acreages surrounding future well locations, believing it is in the best interests of both local landowners and the Company. Owning the land will allow [...]
Desert Mountain Energy Corp. From the President of the Company. The Company is pleased to announce that it has selected GENERON as the main contractor for the build-out of its first Solar/Hydrogen powered Helium processing plant, located in Arizona. Current supply chain requirements suggest that build-out and delivery will be between 28-30 weeks [...]
From the President of the Company. Desert Mountain Energy Corp. is pleased to announce that it has completed additional work on Well #2 and has discovered helium and hydrogen in a lower portion of the previously perforated formation. The gaseous composition will permit the Company to comingle production from Well #2 with gas production from Well #4 [...]
From the President of the Company. Desert Mountain Energy Corp. is pleased to announce that it has entered into an agreement with Earl Resources, to provide geologic, land, well planning, drilling and completion for the purposes of developing bedded and domal salt cavern energy storage in Arizona and the southwest. The Company will be reimbursed [...]
From the President of the Company. Desert Mountain Energy Corp. announces that it granted on September 22nd, 2021, subject to any necessary regulatory approvals, incentive stock options to purchase in aggregate 275,000 shares of its Common Stock. The options have been granted to directors, officers and consultants of the Company. Said options were [...]
From the President of the Company. Desert Mountain Energy Corp. is pleased to announce that it has finished testing of well #4 and those results show that the company was successful in discovering another new helium field in Arizona. Gas samples from testing were sent to independent laboratory for gas chromograph analysis which confirmed the [...]