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InvestmentPitch Media Video Discusses Desert Mountain and its work to Determine the Helium Potential at its Kight Gilcrease Sand Unit Project in Oklahoma - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2019) - Desert Mountain Energy (TSXV:...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"InvestmentPitch Media Video Discusses Desert Mountain and its work to Determine the Helium Potential at its Kight Gilcrease Sand Unit Project in Oklahoma - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - April 23, 2019) - Desert Mountain Energy (TSXV: DME) is conducting geological studies and gas sampling to determine the helium potential at its oil and gas project in Seminole County, Oklahoma. The Kight Gilcrease Sand Unit project is situated in an area of Oklahoma which has been host to numerous helium bearing gas wells with commercial production grades typically ranging from 0.6% to 1.4% helium.For more information, please view the InvestmentPitch Media \"video\" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Desert Mountain\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_nj8ptg7n/Desert-Mountain-is-conducting-geological-studies-gas-sampling-to-determine-the-helium-potential-at-its-oil-gas-project-in-Seminole-County-OklahomaThe KGSU comprises an area of approximately 884 acres, which is substantially underlain by the Gilcrease Sandstone common source of oil supply. It is not located within an environmentally sensitive area or on a known Native American reservation. The oil-bearing pay zone was estimated by the Oklahoma Corporation Commission to be from 10 feet to 40 feet in width and to occur at a subsurface depth of approximately 2,726 feet to 2,810 feet. While the KGSU remains a strong target for enhanced secondary water flood production of oil, management believes the property also offers good potential for helium production.Irwin Olian, President and CEO, stated: \"Whilst we have been advancing our Heliopolis Project in Arizona as quickly as possible and look forward to drilling in the coming months, we saw an opportunity to increase shareholder values by examining the helium potential of our Kight Gilcrease property in Oklahoma. Accordingly, we are now testing wells on that property for helium content and are optimistic about the potential.\"Commercial viability will ultimately depend upon grade, pressure and size of any helium reservoir, with results expected shortly. Targeting work and permitting is continuing at the company's Heliopoli...