DESERT MOUNTAINENERGY COMPLETES GUNNAR DME WELL

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TSX.V.: DME 
U.S. OTC: DMEHF 
Frankfurt: QM01

VANCOUVER in BC, Dec. 13, 2022 /CNW/ – DESERT MOUNTAINENERGY CORP. (“the “Company”) (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of Company. Company is proud to announce it has completed its wildcat drill on Gunnar Dome prospect. As previously reported, the Company chose to test multiple areas of the well in order to better understand the local geology for future drilling locations. Seventeen zones were perforated, tested and then removed. Bridge plugs were placed to secure complete closure. Many of these zones contained gaseous mixtures that McCauley’s processing plant is not equipped to extract. These two sections, which were perforated in order to produce, are located within the same geologic formation. They have been separated by an impermeable layers with similar pressure. Both areas were perforated so that they would not exceed the area’s connate formation water values. The Company’s goal is to continue producing Helium without water or in close proximity to water.

The upper zone contained 96.5422% Nitrogen and 0.0063%CO2, and 2.8232% Helium. The balance was made up of fractional amounts of Methane and Ethane as well as Propane and Hexanes++. The lower perforated area contained 98.5523% Nitrogen and 0.0075%CO2, and 0.7183% Helium. The balance was made up of the same fractional molecules. The seven zones tested showed a similar mix of high Nitrogen levels and different Helium percentages. This further supports the Company’s ability to find Helium within a primary Nitrogen environment. It is also advised to avoid areas with high CO2 levels. Initial Gunnar Dome production is to be metered, and then transported approximately 24 mi to the McCauley Helium Processing Facility. Once production is established, throughput numbers won’t be disclosed.

“Gas composition is very important when combined with water-free, near-water-free production. It can be just as crucial as the Helium quality in the raw gas.” Robert RohlfingDesert Mountain Energy Corp. CEO. This well has high levels of Nitrogen, Helium, minimally fractional carbon dioxide and other noble gases. This makes it much easier for the first plant to operate.

DESERT MOUNTAIN ENERGY

Desert Mountain Energy Corp. is an publicly traded resource company that focuses on exploration, development, production and distribution of helium, hydrogen, and noble gases. The Company is interested in elements that are essential to the high technology and renewable energy industries.

We are looking for safe harbor

“Robert Rohlfing” 
Robert Rohlfing 
Exec Chairman & CEO

Neither the TSX Venture Exchange or its Regulation Services Provider (as this term is defined by the TSX Venture Exchange policies) can be held responsible for the accuracy or adequacy of this release. These statements may include forward-looking statements, which can be subject to a variety of risks and uncertainties.  Actual results or events may be different from what the Company expects.

Cautionary Note Concerning Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1996 and “forward looking information” within Canadian securities legislation. This news release contains forward-looking statements, information, and statements concerning the Company’s expected performance in the future, such as statements regarding its planned exploration activities, receipts of positive results from drilling and completion of other drilling and exploration work.

Forward-looking information or statements are subject to known and unknown risks and uncertainties that could lead to materially different results, activity levels, performance, achievements, or other effects from the Company and its operations. Changes in legislation, taxes, regulations, policies, or other economic developments are all examples of such factors. Canada The United States; Financial risks from helium prices, operating, or technical difficulties during exploration and development activities; risk and hazards and the speculation nature of resource exploration; risks in the obtaining of necessary permits and licenses; and challenges to the Company’s title to its properties.

Forward-looking statements are made based on assumptions that management considers reasonable. These assumptions include the Company’s continued exploration operations and no material adverse changes in the commodity market price. While the Company attempted to identify key factors that could cause actual results or information to differ materially from forward-looking statements and information, other factors may cause results to be materially divergent from what was anticipated, described or estimated. Forward-looking information or statements cannot be guaranteed to be accurate. Actual results and future events may differ from those predicted. Forward-looking information and statements should not be relied upon. The Company is not obligated to or intends to revise any forward-looking statements and information except as required under applicable law.

Cision

See original contenthttps://www.prnewswire.com/news-releases/desert-mountain-energy-successfully-completes-gunnar-dome-well-301702089.html

SOURCE Desert Mountain Energy Corp.

Cision

Cision

See original content http://www.newswire.ca/en/releases/archive/December2022/13/c9079.html

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