TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, March 27,
2023 /CNW/ - DESERT MOUNTAIN ENERGY CORP. (the
"Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From
the President of the Company. The Company is pleased to
announce that it has successfully re-entered Well #3. After running
Cement Bond Log (CBL) to verify that all water courses were
protected via multiple strings of casing, previously set and
cemented in December 2020. The
Company then deepened the well into the Pre-Cambrian Granite. The
casing was set and cemented, and a cased hole log was run to verify
cement. Cementing procedures were done in accordance with Company
practices. This includes circulating cement to the surface on
multiple strings to ensure protection and segregation between
formations. Desert Mountain Energy understands the importance of
protecting aquifers. The Company chooses to exceed Arizona Oil and
Gas Conservation Commission regulations by setting more casing and
cementing it to the surface. These additional measures add in
excess of $200,000.00 per well, on
deeper wells. Completion rig availability to finish and test zones
will determine when the well can be sampled.
"Mass Spectrometer readings did show both Hydrogen and Helium in
different zones without any mass-spec delineations of sulfur and no
additional water zones were encountered under previously set and
cemented casings," said Robert Rohlfing CEO of DME. "After sampling
Well # 3 a decision will be made on whether it is compatible with
the McCauley Helium Processing Facility and if so, transported
there to increase the throughput once in operation.".
The recently completed financing will allow the Company to grow
the business as described in recently published interviews and the
corporate presentation available on the website.
ABOUT DESERT MOUNTAIN
ENERGY
Desert Mountain Energy Corp. is a publicly traded resource
company primarily focused on exploration, development and
production of helium, hydrogen and noble gases. The Company is
primarily looking for elements deemed critical to the renewable
energy and high technology industries.
We seek safe harbor
"Robert Rohlfing"
Robert
Rohlfing
Exec Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in polices of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. The statements made in this press release may contain
certain forward-looking statements that involve a number of risks
and uncertainties. Actual events or results may differ from
the Company's expectations.
Cautionary Note Regarding
Forward-Looking Statements
This news release contains "forward-looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and "forward-looking information"
within the meaning of applicable Canadian securities legislation.
Such forward looking statements and information herein include but
are not limited to statements regarding the Company's anticipated
performance in the future the planned exploration activities,
receipt of positive results from drilling, the completion of
further drilling and exploration work, and the timing and results
of various activities.
Forward-looking statements or information involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company and its operations to be materially different from
those expressed or implied by such statements. Such factors
include, among others, changes in national and local governments,
legislation, taxation, controls, regulations and political or
economic developments in Canada
and the United States; financial
risks due to helium prices, operating or technical difficulties in
exploration and development activities; risks and hazards and the
speculative nature of resource exploration and related development;
risks in obtaining necessary licenses and permits, and challenges
to the Company's title to properties.
Forward-looking statements are based on assumptions
management believes to be reasonable, including but not limited to
the continued operation of the Company's exploration operations, no
material adverse change in the market price of commodities, and
such other assumptions and factors as set out herein. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements or information, there may be other
factors that cause results to be materially different from those
anticipated, described, estimated, assessed or intended. There can
be no assurance that any forward-looking statements or information
will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements or
information. Accordingly, readers should not place undue reliance
on forward-looking statements or information. The Company does not
intend to, and nor does not assume any obligation to update such
forward-looking statements or information, other than as required
by applicable law.
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content:https://www.prnewswire.com/news-releases/desert-mountain-energy-deepens-and-sets-production-casing-on-well3-301782009.html
SOURCE Desert Mountain Energy Corp.