@Cryptical Envelopment @YUMU @Bird4um @Tdvv @AutoCANE , i'm sure i forgot someone.
I hope you're still hanging in there with me boys. The three offset wells 5/6/7 just came back @ an average of 3.511%. Massive news and well over triples the output of well 4 significantly increasing processing plant #1's projected revenue.
TSX.V: DMEU.S. OTC: DMEHFFrankfurt: QM01
ceo.ca
Desert Mountain Energy Corp. (DME) is pleased to announce that Helium concentrations in Offset Wells #5, #6 & #7 were higher than originally found in Discovery Well #4. The average Helium percentage makeup using combined starting flow rates from the offsets was 3.511%. CO2 averaged 0.0201% with the balance of the gas being Nitrogen. These zones were perforated to be combined with Well #4 to create the most balanced level and mixtures of gas to initiate production from the McCauley Helium Processing Facility. "We are thrilled that these wells increase the Helium average significantly above Discovery Well #4's results," says Robert Rohlfing, CEO of Desert Mountain Energy Corp. "This will make the wells much more profitable."
The average Helium spot tests on the offsets were more than almost three times those of Well #4. A pay zone with over 4% Helium in Well #5 located in the Rohlfing Helium Field will also be processed in the same processing facility. These overall levels of increased Helium combined with below minimal levels for CO2 are confirmation of our geologic modelling.
DME is building the first solar-powered Helium processing facility using Hydrogen as a backup power source in North America. The Company's goal is to produce as near to zero carbon footprint, from our operations as possible.
Here's an adjusted projection with 2 diff MCF prices. (Remember this is after the 3 month optimization/pressure leveling phase, during that phase pressures and grades will be lower). They did not specify flow pressures in this news release but we'll get that soon. I'm using well 4 as the baseline since we have that pressure and 4/5/6 were offsets of that well. Currently everything is still on schedule to turn the plant on next month.
(2022-05-05 | TSXV:DME) DESERT MOUNTAIN ENERGY BEGINS FABRICATION WORK ON THE McCAULEY HELIUM PROCESSING FACILITY
stockhouse.com
| Flow Rate MCFGPD | Helium % | Daily Recovery | Annual MCF | Sale Price Per MCF | Annual Rev Year 1 |
| Well #2 | 1,251 | 4.0904% | 51.17 | 18,677 | $1,200 | $22,412,856 |
| Well #4 | 1,587 | 1.1370% | 18.04 | 6,586 | $1,200 | $7,903,355 |
| Well #5 | 1,587 | 3.5110% | 55.72 | 20,338 | $1,200 | $24,405,172 |
| Well #6 | 1,587 | 3.5110% | 55.72 | 20,338 | $1,200 | $24,405,172 |
| Well #7 | 1,587 | 3.5110% | 55.72 | 20,338 | $1,200 | $24,405,172 |
| 7,599 | 3.1521% | 236.37 | 86,276 | | $103,531,726 |
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| Flow Rate MCFGPD | Helium % | Daily Recovery | Annual MCF | Sale Price Per MCF | Annual Rev Year 1 |
| Well #2 | 1,251 | 4.0904% | 51.17 | 18,677 | $2,000 | $37,354,760 |
| Well #4 | 1,587 | 1.1370% | 18.04 | 6,586 | $2,000 | $13,172,259 |
| Well #5 | 1,587 | 3.5110% | 55.72 | 20,338 | $2,000 | $40,675,286 |
| Well #6 | 1,587 | 3.5110% | 55.72 | 20,338 | $2,000 | $40,675,286 |
| Well #7 | 1,587 | 3.5110% | 55.72 | 20,338 | $2,000 | $40,675,286 |
| 7,599 | 3.1521% | 236.37 | 86,276 | | $172,552,877 |
