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Desert Mountain Energy Corp. (DME.V)

TSXV - TSXV Real Time Price. Currency in CAD
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2.9300+0.1200 (+4.27%)
As of 10:56AM EDT. Market open.

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  • D
    Diego
    Gonna be a big YE coming here!
  • S
    Steven
    This is a sweet stock in a fabulous company!
  • S
    Steven
    BAM... AGAIN! Nothing but POSITIVE and CONTINUOUS DRIVE and FOLLOWING of the PLAN. GO TEAM ROHLFING 👏
  • D
    D
    Sounds like Gunnar Dome may be a monster! Let's get that processing plant in to service.
  • D
    Diego
    Beutiful consolidation, holding pattern, launchpad ready for liftoff! Cannot wait till rigs are running and this will be puking cash in no time...
  • f
    fred
    If any follow through tomorrow after a 12% gain, we will know something positive is happening even without news. I bot more today. Of course, I buy more EVERY day and will continue until production start-up.
  • W
    WesNER
    The gunnar dome wild cat should just about be done!
  • S
    Steven
    Initial shut-in pressure was 372 psi and through the multi-choke flow test, flowing pressure decreased and then quickly stabilized at 368 psi on a 3/8” choke with a coefficient of 3.40, equivalent to a non-corrected flow rate of 1,251.2 MCFGPD. The average gas analysis showed Helium 4.0904%, Nitrogen 90.2742%, CO2 0.0063%, Methane 3.5535% and other assorted minor gases.

    Based on normal accepted industry operation procedures, the company at this time and prior to further engineering and flow testing, would entertain a possible daily flow rate of between 4,100 and 5,600 MCFGPD based on aggregated production from both wells. The Company has compared these wells to the closest established and documented helium production located approximately 35 miles NE in the Pinta Dome Field. Note: Desert Mountain Energy’s wells have been completed in members of the Pennsylvanian-aged Formations which are lower in depth than the helium productive Permian-aged Coconino Formation found at Pinta Dome (AZOGCC archives). Production comparisons with a number of wells from the prolific Pinta Dome Field, specifically the Kerr-McGee Barfoot State#1, clearly shows that large artificial formation stimulation was not required to exceed the original projected calculated reserves by over 500%, over a 13-year production life (Olukoga 2016, AZOGCC Barfoot #1 well files).

    The Pinta Dome, Navajo Springs Unit, and East Navajo Springs Unit, in total, comprise only 26 total productive wells (Conley, J.N. 1974). The majority of the production came from Pinta Dome and was from only 11 wells, (AZOGCC production records, Olukoga 2016). Those wells averaged about 8% helium across the field with a high initially noted at 10.78% in one well. The thicknesses of the pay-zones varied greatly from 2’ to just over 103’. Consequently, the overall perforated zones can be misleading, but after eliminating the single thickest pay- zone completion of 73 feet, (Eastern State 1-28, AZOGCC files,) the pay-zone perforations falls to 27 feet. Initial shut-in pressures averaged 172.3 psi and the average flowing pressures averaged 99.3 psi in 1962 and in 1976, the last year of continuous production, was down to 60.3 psi (Rauzi 2003, Olukoga, 2016). Total production from the three fields was just over 9.6 billion cubic feet of total crude gas with approximately 2/3rds produced from the 11 Pinta Dome wells. Actual helium as a percentage of production may vary greatly, as within any given field, as the extent of the productive area is not known at this time.
  • R
    RICHARD
    TSX.V: DMEU.S. OTC: DMEHFFrankfurt: QM01
    TSX.V: DMEU.S. OTC: DMEHFFrankfurt: QM01
    ceo.ca
  • S
    Steven
    people have NO IDEA of the extreme potential here and will be getting on board too late... IMHO... Do your own due diligence!
  • T
    Terrence
    This is a boom or bust stock. I just wish it would make the move.
  • W
    WesNER
    This thing needs to be held by few people. The volume is so low all the time. I don’t get how we see 15% gains or loss and around 100,000 shares moved.
  • R
    RICHARD
    My assessment of the news regarding the lease issue:
    DMEHF
    75.53M shares total
    69.95M shares float
    4.73M shares insider ownership
    .02% institutional ownership
    Today per Schwab-
    140,918 shares sold
    versus average of 80,000/day
    So…sell off by weak hands today
    We’ll see what tomorrow brings
    If it’s a similar volume, I’ll be increasing my investment by another 25k shares
    This could be the proverbial gift horse.
    This is a good board so I’m interested if anyone has a different take on the news.
  • S
    S
    Boy did investors react negatively to the resent news... overreaction?
  • C
    Chris O
    What a steal yesterday @ $1.35!
  • D
    Dereje
    Is there a site/resource to track the price of helium? Not finding using a Google search and the crypto coin with the same name confused the issue. TIA.
  • S
    Sat
    "The Company, early in its due diligence with Chevelon Minerals LLC., had been advised by the McCauley family that, after the material requirements of this prior lease had not been met, they had restructured their mineral ownership and placed the leases in question into Chevlon Minerals LLC. The representative also stated that they would work with the company in defence of the title and leases that Desert Mountain Energy Corp. has with them. For the record, the Company has paid Chevelon Minerals LLC. in excess of $33,000.00 for the leases it currently has of record which includes the lease under wells 4, 5, 6, and 7. "

    The responsibility for leasing rests on Chevelon Minerals LLC. If there is double leasing of the same property, that is the responsibility of Chevelon Minerals LLC and not DME. I do not see DME as the defendant in this case but solely Chevelon Minerals LLC.

    That's my initial take. Unless there are facts that have not been released but have a bearing upon this case.

    If there is no merit in this case, Chevelon Minerals LLC will file to dismiss. That would be a clue, though not definitive, as to how this case against Chevelon Minerals LLC will evolve.
  • o
    opc11
    can anyone confirm whether or not the company has the flow rates in their possession? there's some speculation that they do but arent releasing the info.

    seems that's material info that should require disclosure.
  • S
    Steven
    Holy Moly!