In 2022, DME has set and cemented casing in 3 holes, Wells 5, 6 and 7. Testing and publishing the results of Wells 5, 6 & 7 is scheduled for the end of April 2022. The company also remains well funded for the year with CAD 18 million in the treasury. DME now expects a positive cash flow without any further financing. DME is pointing to a 300% increase in helium pricing.
Desert Mountain Energy provides update through to Q3'22
Updated: Apr 11, 2022