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Desert Mountain Energy Provides Guidance on Estimated Helium Reserves on First Well
Desert Mountain Energy Provides Guidance on Estimated Helium Reserves on First Well ...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n \n \n Desert Mountain Energy Provides Guidance on Estimated Helium Reserves on First Well\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 Feb. 16, 2021\n \n /CNW/ -\n \n DESERT MOUNTAIN ENERGY CORP.  (the \"Company\")\n \n (TSX.V: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01)\n \n From the President of the Company.\n \n \n \n Desert Mountain Energy Corp. (the \"Company\") (TSXV: DME) is pleased to announce guidance on helium reserves on its first well completed in 2020. The reserve estimate table is provided to help provide guidance on possible reservoir scenarios based on four point flow testing and correlated by Dr.\n \n Ed Coalson\n \n .\n \n The report\n \n is available on the DME website or click\n \n HERE\n \n . Currently there is no other known helium production from the perforated zone in the State 10-1 well within 100 miles. In addition, per the AZOGCC rules, only one well may be drilled and completed for any type of gas (including helium), per square mile in this area. Actual future production may, at some unknown time, provide directive to a possible increase of well density from one to two wells per square mile. Any increase in well density would have to be approved in advance via a public hearing with the AZOGCC and the Company does not currently anticipate that any such request will be made in the near term. The attached reservoir estimates are based on only one well per square mile but with three different effective drainage scenarios.\n \n \n \n \n \n Edward Coalson\n \n , Ph.D.\n \n \n \n \n Senior Consultant & Qualified Reserves Evaluator\n \n \n \n Edward Coalson\n \n received his B.S in Geology from\n \n Cal State University\n \n , M.S. in Geology from the\n \n University of Wyoming\n \n and Ph.D. in Geology from\n \n Colorado School of Mines\n \n . His experience in Petrophysics led to the discovery of many significant oil and gas fields in\n \n Colorado\n \n and\n \n Wyoming\n \n . Ed's experience has...