Desert Mountain Energy Corp (DME) is in the final stage of development in preparation for commercial production of helium and expects to begin this quarter and stabilize production by the end of June or early July 2023 but surprisingly DME cannot estimate the flow rates. With the recent funding, the company can build the necessary infrastructure and complete start-up work for six helium wells. The McCauley Helium Processing Facility (MHPF) is operational and has successfully separated the component elements of nitrogen and atmospheric air. However, wells 4, 5, 6 and 7 are shut-in with KCL fluid and will each need ~3-7 days of work to start gas flowing into the MHPF. Valorie Farley has accepted the role as the next CFO of DME and will be responsible for the accounting for all of the Company’s US corporations.
DME has Further Delays at McCauley; Appoints new CFO
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