DME Acquires Additional 80 Acres in its McCauley Helium Field
- AKAP
- Apr 17, 2023
- 1 min read
Desert Mountain Energy has closed on an additional 80 acres of surface property within the McCauley Helium Field at a cost of US$125 per acre. The Company has also secured 50% of the mineral rights under a portion of the South Winslow prospect, reducing the royalties paid to the aggregate mineral owners from 12.5% to 6.25%. The Company will have a rig to swab the wells in the McCauley Helium Field by the middle of the week, and acquired additional trucks and trailers.