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Desert Mountain Energy Announces Significant Helium Percentages In Two New Wells In Arizona
(via TheNewswire) TSX.V: DME Vancouver, British Columbia - TheNewswire - Se...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"Desert Mountain Energy Announces Significant Helium Percentages In Two New Wells In Arizona(via TheNewswire)\n \n \n TSX.V: DME\n\n \n \nVancouver, British Columbia - TheNewswire - September 2 2020 - DESERT MOUNTAIN ENERGY CORP. (the \"Company\") (TSXV:DME), (OTC:DMEHF), Frankfurt: QM01) is pleased to announce that it has tested significant Helium percentages in its new exploratory wells in Arizona.\n\n \n \nThe 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 Pennsylvanian-aged Formation out of which the company feels, based on open-hole logs, is a possible productive 28-foot zone with resistivities from 38 to 73 ohms. Well logs delineate a drop in the porosity in the mid portion of this zone, consequently it feels that the additional interval under the current perforations would require separate sets of perforations to produce. Initial shut-in pressure was 900 psi and through the multi-choke flow test, flowing pressure increased to 940 psi on a 1-inch choke with a coefficient of 25.76, equivalent to a non-corrected flow rate of 24,214 MCFGPD. The average gas analysis showed Helium 7.1321%, Nitrogen 77.0837%, CO2 4.0183% Methane 2.6512% and other assorted minor gases. \n\n \n \nThe 16-1 well also perforated 5 feet of sand in the Supai Formation out of which the company feels, based on open-hole well logs, is a possible 61-foot productive zone. Again, similar to what was found in the 10-1 well, there are two stringers of very dense dolomitic lime dropping the porosity. Additional perforations would be required to access these intervals of possible production. Initial shut-in pressure was 372 psi and through the multi-choke flow test, flowing pressure decreased and then quickly stabilized at 368 psi on a 3/8\" choke with a coefficient of 3.40, equivalent to a non-corrected flow rate of 1,251.2 MCFGPD. The average gas analysis showed Helium 4.0904%, Nitrogen 90.2742%, CO2 0.0063%, Methane 3.5535% and other assorted minor gases. \n\n \n \nBased on normal accepted industry operation procedures, the company at this time and prior to further engineering and flow testing, would entertain a possible daily flow rate of between 4,100 and 5,600 MCFGPD based on aggregated production from b...