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Desert Mountain Energy Corp. (DME.V)

TSXV - TSXV Real-time price. Currency in CAD
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2.2800-0.0200 (-0.87%)
At close: 03:59PM EDT

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  • J
    JAMES
    😝 The gunnar issue isn’t a negative. It’s like oops we have discovered platinum while mining for gold. Helium and Hydrogen are different elements and must be processed differently. It makes sense to have another company process the hydrogen while DME is processing helium.
  • D
    Dereje
    The Gunnar helium initial test results showing an incompatibility with their processing facility design is a problem. There is not enough detail to explain whether this facility being built is too limited in general, to the assets DME is drilling (other unusable layers);or it is a small bump. Part of the value to DME is vertical integration - how many other wells will require a handoff to another facility?
  • S
    Steven
    You would think that folks would call the company and ask their technical questions directly vs. trolling an answer from strangers on a blog.... 🙆‍♂️🤷‍♂️.
  • C
    Cal687
    I've been doing some research on $DME and I have (2) questions that I'm hoping someone here may be able to answer.

    1. Do we know what the throughput capacity of the processing facility that Wells #2, 4, 5, 6, & 7 will feed into? Or to phrase it differently, do we know on an MCF basis how much helium is expected to be produced per day from this facility?

    As a rule of thumb I've heard the RHC folks say it costs about $1 million per million cubic feet of raw gas. Given that $DME is focusing on capturing hydrogen and installing solar I'd imagine the $10.5 million dollar facility has a flow rate of around 8 mmcf per day of raw gas (pure speculation here).

    Rough math on my best guess at how much helium they'd be producing:

    Well 4: HE 1.137%
    Well 2: HE 3.832%
    Well 5: HE 3.511%
    Well 6: HE 3.511%
    Well 7: HE 3.511%

    All percentages added then divided by 5 to get a rough average:
    HE: 3.1682% (this could be higher or lower depending on the flow rates from well 4. If Well 4 makes up the bulk of the flow the average would go down and if it does not the average would be higher)

    So if the average is for arguments sake 3.2682% and the total throughput of the facility is 8mmcf of raw gas then the following would be the MCF/D of pure helium that could be produced.

    0.032682 (3.2682%) x 8,000,000 = 261,456/1000 = 261.456 MCF/D

    If DME got the same price of $450 USD that RHC got, the following would be a rough speculation of how much this facility could produce.

    261 MCF/d x 450 = $ 117,450 per day
    350 days (assuming 2 weeks maintenance per year) x $117,450 = $52,852,500 USD

    2. Does anyone know what the production plan is for the Rohlfing Helium Field?

    According to the investor presentation - well State 10-1 has a raw gas flow rate of 24,214 MCF/d and a helium percentage of 7.13%. If this is the case, this one well could have the productive potential of 1,726 MCF/d! This percentage/volume seems insanely high (maybe to good to be true?). At a price of $450 per MCF that would yield $270,000,000 per year from ONE well. Is there an error here or is this correct?
  • S
    Steven
    GO! TEAM ROHLFING!!
  • W
    WesNER
    Are results from Gunnar getting released tomorrow???? :):)
  • S
    Steven
    time to buy more! do your own DD.
  • f
    fred
    Lunkheads on this board want extended flow tests of a gas worth $2000/mcf? Are you INSANE!! The tests would cost more than the drilling costs! Mgmt spent $12 million on infrastructure based on their evaluation of the wells. Case closed. Buy the stock or #$%$
  • D
    Diego
    Nice volume and movement. Once production is fully underway, gonna take off.
  • S
    Steven
    GREEN when everything around is RED. Someone knows something.
  • S
    Sat
    "The Company is pleased to announce that court in Coconino County, AZ has dismissed every claim filed against the Company by the City of Flagstaff with the exception of one breach of contract claim, regarding a prior licensing agreement. "
    Why would the City of Flagstaff be involved in a breach of contract? I am thinking that this breach of contract was between companies or am I missing something?
  • D
    Dereje
    Am I annoyed by the quiet dilution or intrigued at the prices it is occurring? Cannot tell if this is at a premium or discount. But for $6 million?
  • S
    Steven
    And, this to shall pass. Team Rohlfing planned this whole project out. Road bumps and hiccups happen. I've got faith in this company and its management.
  • S
    Steven
    All I can say about the negative trolling here is simply... look at other supposed "helium" explorers, wildcatters or those still yaking about all the potential they have. Where are most of these folks? I'll tell you what they tell everyone: We just added X amount more LAND and we are setting up to DRILL some of these locations. WHAT are they drilling and WHEN? It's all a slow milking job taking investor money and stashing it down their non existent wells. STUDY these others. Do necessary DUE DILIGENCE before you get all excited about helium yaking which goes NOWHERE. And, take a good long STUDY of TEAM ROHLFING. They STUDIED this project, they have the engineering, they actually drill wells, cap them and provide FLOW ANALYSIS! They write it down in their prospectus. It's on their website. ROHLFING IS ON-SITE Hands in the dirt WILDCATTER. Negative trolls would be foolish not to hitch on and ride this out. This guy is following through on his PLAN, and it's WORKING.
  • B
    Borat
    How is not having an offtake agreement with a space exploration company going?
  • o
    opc11
    "Beginning the 2nd quarter of 2022 we will be in operation and will work directly with our customers to meet their specific grading requirements."

    https://desertmountainenergygov.com/

    yup...they're totally on schedule!
    Desert Energy Corp. - Online Capabilities Statement
    desertmountainenergygov.com
  • S
    Steven
    This is a sweet stock in a fabulous company!
  • S
    Steven
    Just reading and content with the Rohlfing Team. Great things coming for this Wildcatter operation.
  • D
    Diego
    Gonna be a big YE coming here!
  • S
    Steven
    Finding, Producing, And Processing Helium
    Desert Energy Corp. dba Desert Mountain Energy Corp. is a fully vertically integrated helium production and processing company that not only explores, drills, and produces helium but will also be processing it to varying grades of purity to meet the specific requirements of our customers. Beginning the 2nd quarter of 2022 we will be in operation and will work directly with our customers to meet their specific grading requirements.