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Desert Mountain Energy Corp. Discovers New Gas Field in Arizona with Significant Gas Flows After Completing Both New Wells
(via TheNewswire) August 24, 2020 - TheNewswire - Vancouver, British Columbia - ...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"Desert Mountain Energy Corp. Discovers New Gas Field in Arizona with Significant Gas Flows After Completing Both New Wells(via TheNewswire)\n \n \nAugust 24, 2020 - TheNewswire - Vancouver, British Columbia - DESERT MOUNTAIN ENERGY CORP. (the \"Company\") (TSXV:DME) (OTC:DMEHF) (Frankfurt:QM01) is pleased to announce that it has released the completion rig on both the State 10-1 and State 16-1 wells in Navajo County, Arizona. Flow tests have been conducted after perforating on both wells from zones where significant gas flows where found during drilling operations. The Company feels the pressure and volumes on both wells during testing fall well within the normal accepted oil and gas industry practices for determination of commercial flow rate protocols, with maximum non producibility volume speculations not taken into consideration. \n\n \n \nProduced dry gas samples have been collected and sent to an independent lab for a total gaseous analysis. It is expected that results from these tests will take 7-10 days. The Company will address possible gas flow volumes, actual gross helium, other commercially viable rare earth gases and most likely production scenarios after testing results are received and reviewed by the team. It should also be noted the Company has fully restored and prepared both drilling locations for hydro seeding with native plant and grass species, when weather conditions are considered most favorable.\n\n \n \nSignificant probable pay zones were found in both wells. Each well had only 5' perforated of the formation with the highest resistivity, porosity and neutron gas cross over on open hole wells logs combined with where the most significant gas flows had been encountered during the June and July drilling program. The Company utilized the newest design in booster charge perforation technologies on both wells to maximize initial production. These perforating charges were specifically selected to meet strict company geologic and drilling guidelines to eliminate the need for hydraulic fracturing and formation stimulation. This was accomplished via a single zone completion in both wells, proving up new field production from previously non-producing formations in Arizona. The Company considers it has other highly prospective pay zones within each well. Again, every formation the Company found containing gas in bo...