Business
DESERT MOUNTAIN ENERGY CORP. ACQUIRES 40 ACRES OF LAND FOR WELLS IN THE McCAULEY FIELD
DESERT MOUNTAIN ENERGY CORP. ACQUIRES 40 ACRES OF LAND FOR WELLS IN THE McCAULEY FIELD ...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n \n \n DESERT MOUNTAIN ENERGY CORP. ACQUIRES 40 ACRES OF LAND FOR WELLS IN THE McCAULEY FIELD\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSX.V: DME\n \n U.S. OTC: DMEHF\n \n \n Frankfurt\n \n : QM01\n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 5, 2022\n \n /CNW/ -\n \n DESERT MOUNTAIN ENERGY CORP.  (the \"Company\")\n \n (TSX.V: DME) (OTC: DMEHF) (Frankfurt: QM01)\n \n From the President of the Company.\n \n \n \n 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 best interests of both local landowners and the Company. The permitting process was previously started for the next well in the McCauley field and it is expected to have that permit shortly.\n \n \n The company has also completed the required filings to sell processed helium to the US Government and has signed non-disclosure agreements with other end-users. \"The Company's plan has always been to become a vertically integrated helium producer selling directly to end-users,\" said\n \n Robert Rohlfing\n \n , CEO of Desert Mountain Energy. \"Due to our location, we have the luxury of having 36 end-users within 300 miles of our finishing facility. We expect to be adding further end-user contracts and we look forward to building upon those relationships.\"\n \n \n The Company has entered into an agreement with Drake Well Services Inc., whereby in exchange for pre-payment for drilling services, the Company is provided priority use of a top drive rig with a 16,000' depth capability.\n \n \n \n ABOUT DESERT MOUNTAIN ENERGY\n \n \n \n Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.\n \n \n We seek safe har...