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DESERT MOUNTAIN ENERGY MOBILIZES RIG AND UPDATE ON THE McCAULEY FIELD LEASE
DESERT MOUNTAIN ENERGY MOBILIZES RIG AND UPDATE ON THE McCAULEY FIELD LEASE Can...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n \n \n DESERT MOUNTAIN ENERGY MOBILIZES RIG AND UPDATE ON THE McCAULEY FIELD LEASE\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 July 11, 2022\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 \n \n The Company is pleased to announce that the rig has been released to us and will be mobilized to our\n \n Gunnar Dome\n \n prospect in\n \n Arizona\n \n . The intended depth of this well is 4,500'+- and is designed to test all zones to the top Granite Formation. We will be utilizing our same successful drilling procedures, including multiple casing strings designed to protect all zones and the environment. Our geologic modelling suggests that the gas composition should contain high concentrations of nitrogen. At this point, we would anticipate initially running any commercial quantities of helium through the plant currently under construction by GENERON.\n \n \n The Company feels that since this is a documented domal structure with closure on all sides the well has been situated to take maximum advantage of the trapping mechanisms of the underlying formations.\n \n \n The helium processing plant construction continues and assembly by GENERON will be shipped to us via our trucking company upon completion.  When finished, the plant will be situated on property that the Company currently owns and is not subject to any form of lease agreements. The Company continues to be contacted by numerous entities looking to secure some percentage level of helium from us when we go into production. As of today, other than for the USFCR documents to allow us to get paid the same day as transport, we have not signed any long-term contracts. We have multiple ongoing discussions with company's whom we have signed MDNAs and therefore, will not be making any comments concerning those negotiat...