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DESERT MOUNTAIN ENERGY SUCCESSFULLY COMPLETES DRILLING OF WELL #5 IN McCAULEY FIELD
DESERT MOUNTAIN ENERGY SUCCESSFULLY COMPLETES DRILLING OF WELL #5 IN McCAULEY FIELD ...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n \n \n DESERT MOUNTAIN ENERGY SUCCESSFULLY COMPLETES DRILLING OF WELL #5 IN McCAULEY FIELD\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 \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 16, 2022\n \n \n /CNW/ -\n \n DESERT MOUNTAIN ENERGY CORP.  (the \"Company\")\n \n (TSX.V: DME) (OTC: DMEHF) (Frankfurt: QM01)\n \n From the President of the Company.\n \n \n \n \n \n \n \n \n \n \n Desert Mountain Energy Corp. is pleased to announce that it has completed drilling operations, set and cemented production casing on Well #5 (1-1) in the McCauley Field in\n \n Navajo County, AZ.\n \n The well was drilled to a total depth of 3,925' in the top of the Granite Formation.\n \n \n \"Our excellent drilling team met and hit our objectives in this well and the Company is now 5 for 5 when drilling wells. Based on the information gathered from drilling this well, we have decided to drill an additional offset (Well #7) in the McCauley field upon finishing Well #6 (10-1),\" says\n \n Robert Rohlfing\n \n , CEO of DME. \"The additional well will help ensure further productive horizons for the upcoming processing facility.\" The Company now plans to feed 5 wells into the McCauley Finishing Facility in Q3 of 2022.\n \n \n The mass spectrometer and other equipment registered 18 different structures within Well #5, where some level of helium was encountered. Of those 18 positive responses, 6 were significant in quantity. Our geologic team was within 1-2 feet plus or minus on all the major helium and hydrogen showings. Once again, this well confirms our conceptual ideas, in regard to our lease holdings. Our leasing design provides the company with the proper holdings to fully incorporate the areal extent of the acreage to encompass our field discoveries where cost-effective production can be found.\n \n \n The Gunnar Dome Wildcat prospect will be drilled later in the year. As per the\n \n previous press release\n \n , final completion procedures will begin after all three wells ...