Desert Mountain Energy Corp (DMEHF)

[Middleborder]

One of the things mentioned in one of the talks is that they are bringing their own wells on line slowly to avoid rapidly depleting them and ending up with a well filled with gassy water. (IIRC)

It is very positive that they will utilize any excess extraction processing capacity by purchasing H/He which will allow them to realize additional revenue while they bring their wells fully online.

"purchase raw or crude helium gas from PetroSun, subject to approval by the Company and available processing capacity at the anticipated date of delivery. The agreement calls for pricing to be set based on market pricing conditions at the time of purchase and the gaseous chemical composition of the raw or partially processed gas. This agreement does not call for nor shall it be interpreted as a dedication of helium percentages or volumes from any PetroSun well(s) to any specific current or future Desert Mountain Energy processing facility. The Company has agreed to consider opportunities to explore for hydrogen on PetroSun leaseholds."

It looks like they will also be providing exploration and engineering services including their drilling rigs, to PetroSun. Very positive!

(Made another small purchase of DMEHF this morning!)