Aug 3, 20222 min
Desert Mountain Energy has encountered the largest number of helium and hydrogen shows from all wells its drilled to date, on its Gunnar Dome prospect, Arizona. Mass spectrometer readings have delineated multiple zones which had either helium, hydrogen or argon present. It is in the process of setting and cementing the production casing on the well and will have a completion rig at the end of the month. As with previous commentary, this press release is light on details that are important for judging commerciality such as reservoir characteristics, size, helium concentrations etc.
Press Release:
From the President of the Company.
The Company is pleased to announce that it has encountered the largest number of helium and hydrogen showings from all wells drilled thus far, on its Gunnar Dome prospect in Arizona. Mass spectrometer readings during drilling operations clearly delineated multiple zones which had either helium, hydrogen or argon present. The Company is in the process of setting & cementing the production casing on the well. As is the Company’s previously stated practices, it has set and cemented multiple strings of casing, (which exceed all state regulatory requirements,) to isolate and protect all water zones, irrespective of their individual mineral content. The Company further anticipates it will have a completion rig for the well available, at the end of August.
“Our geologic and drilling teams continue to successfully drill our targets, cement and set production casing,” says Robert Rohlfing, CEO of Desert Mountain Energy Corp. “We look froward {sic} to bringing in the completion rig, sample and release the results of this well.”
Consistent mass spectrometer readings and the corresponding flow results visible at the surface are extremely encouraging and await final definitive testing for specific perforated formation results.
The geologic data from this well confirms the hypothesis on the possible trapping mechanisms of both helium &, hydrogen within this specific geologic setting. This information will be applied by our team to other specific settings. It further expands upon the previously held theoretical understanding of helium and hydrogen generation. It is the opinion of the Company, (based on confidential and proprietary geologic drilling data,) that the acreage controlled by the Company on the corresponding structures will ultimately confine the water-free commercial production areas for this geologic setting to the leases currently held.
With this press release, the Company will be in communications with its partner in hydrogen processing to explore where and how they can meld this discovery into other long-term ESG developmental plays. It is the Company’s position to monetize its newly discovered hydrogen assets, whilst developing the long-term opportunities which management feels may be the most advantageous to shareholders.