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DESERT MOUNTAIN ENERGY CORP. ANNOUNCES COMMERCIAL PRODUCTION OF HELIUM
DESERT MOUNTAIN ENERGY CORP. ANNOUNCES COMMERCIAL PRODUCTION OF HELIUM Canada NewsWire ...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n\n\n\n DESERT MOUNTAIN ENERGY CORP. ANNOUNCES COMMERCIAL PRODUCTION OF HELIUM\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.prntar{\nTEXT-ALIGN: RIGHT\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\n VANCOUVER, BC\n \n\n ,\n \n\n Sept. 16, 2024\n \n\n /CNW/ -\n \n DESERT MOUNTAIN ENERGY CORP. (the \"Company\")\n \n (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01)\n \n From the President of the Company.\n \n Desert Mountain Energy Corp. is pleased to announce that the separation of commercial volumes of helium from a complex natural gas stream has been achieved. The processing plant has been recirculating and enriching helium with the end product going into an end user's tube trailer. The facility has been in commercial operation following the resolution of numerous issues by the DME team during the start-up phase.\n \n\n\n\n\n\n\n\n\n Current production revenue is now expected to cover the overall corporate G&A but will not be reflected in the\n \n September 30, 2024\n \n , audited year- end financials. The Company anticipates a gradual rise in sales volumes and revenue, with a current emphasis on well workovers and reducing the overall small percentage of produced water.\n \n\n During the facility's relocation from\n \n Arizona\n \n , an AI component was integrated. Currently, the AI is undergoing training through data collection while commercial processing remains ongoing. Data points are essential for the system to learn and function effectively as more wells are brought online. Each well possesses distinct chemical compositions that the plant must adapt to. The plant is nearing autonomy, requiring minimal human intervention for operation.\n \n\n The geological team continues to review downhole data to determine the most viable wells for increased helium production. They are also examining regional data to enhance the understanding of geological controls and pinpoint locations with the potential for higher helium grades. Certain wells are showing increased levels of hydrogen, prompting a need for further i...