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Desert Mountain Energy Enters into Memorandum of Understanding with City of Flagstaff for Strategic Regional Development of Helium & Hydrocarbon Resources
(via TheNewswire) February 4, 2019 / TheNewswire / Vancouver, British Columbia -- DESERT...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"Desert Mountain Energy Enters into Memorandum of Understanding with City of Flagstaff for Strategic Regional Development of Helium & Hydrocarbon Resources(via TheNewswire)\n\n \nFebruary 4, 2019 / TheNewswire / Vancouver, British Columbia -- DESERT MOUNTAIN ENERGY CORP. (the \"Company\") (TSX.V: DME) is pleased to announce that it has entered into a Memorandum of Understanding (the \"MOU\") with the City of Flagstaff (\"Flagstaff\") for mutual cooperation and strategic development of helium and hydrocarbon resources in the greater Flagstaff region and Coconino County, Arizona. The initial Term is one year. Under the MOU, the parties agree to work together on a cooperative basis to evaluate potential resources and, if mutually beneficial, to develop reasonable plans for strategic development. It is agreed that the parties shall share all available relevant technical and geological data and that the Company shall fully consult with Flagstaff concerning each major exploration, drilling, development and production program in the area.\n\n \n \nFlagstaff is the largest city in Northern Arizona and serves as the cultural, educational, economic, governmental and community center of the region, as well as the county seat for Coconino County. It comprises over 64 square miles of prospective ground for helium and hydrocarbons at the base of the San Francisco Peaks. The Company presently controls leases aggregating approximately 18,234 acres in Coconino County in its Heliopolis Project. The Company's aggregate holdings in Arizona's Holbrook Basin are now approximately 39,742 acres.\n\n \n \nThe objective of the MOU is to encourage appropriate economic development in the region in order to create cash flow for Flagstaff and local communities, with a view toward furthering local education, job creation, increasing local and regional infrastructure and generally increasing the well-being of the people. At the same time, maintaining and preserving the ecosystem and beautiful Northern Arizona landscape and environment as a long-term legacy is a major priority. Hence, planned economic development will be mindful of preserving the environment and not impinging significantly on the rights and customs of local indigenous communities.\n\n\n \n \n\n\n \nFlagstaff has agreed to work with the Company on a cooperative basis to encourage access to areas ...