Desert Mountain Energy provides update through to Q3'22

AKAP
Apr 4, 2022
2 min read

Updated: Apr 11, 2022

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.

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