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.
DME Acquires Additional 80 Acres in its McCauley Helium Field
Want to read more?
Subscribe to www.akapenergy.com to keep reading this exclusive post.