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Be the first with the news that moves the market- Desert Mountain (DME) has discovered the most helium and hydrogen showings in its history
- The showings are located in the Wildcat well on the Gunnar Dome prospect in Arizona
- Definitive testing for specific perforated formation results is forthcoming
- The company expects to have a completion rig for the well available by the end of August
- Desert Mountain Energy is focused on the exploration, development and production of helium, hydrogen and noble gases
- Desert Mountain Energy (DME) is up by 4.72 per cent trading at $2.44 per share
Desert Mountain (DME) has discovered the most helium and hydrogen showings in its history.
The showings are located in the Wildcat well on the Gunnar Dome prospect in Arizona.
Consistent mass spectrometer readings clearly delineate multiple zones with either helium, hydrogen or argon. Corresponding flow results visible at the surface are encouraging with definitive testing for specific perforated formation results underway.
The company is currently setting and cementing the production casing on the well. It anticipates to have a completion rig for the well available by the end of August.
It will contact its hydrogen processing partner to potentially develop this discovery into long-term ESG plays.
“Our geologic and drilling teams continue to successfully drill our targets and cement and set production casing,” said Robert Rohlfing, CEO of Desert Mountain Energy. “We look forward to bringing in the completion rig to sample and release the results of this well.”
Desert Mountain Energy is focused on the exploration, development and production of helium, hydrogen and noble gases.
Desert Mountain Energy (DME) is up by 4.72 per cent trading at $2.44 per share as of 2:22 pm EST.
