Replies to post #109 on Desert Mountain Energy Corp (DMEHF)

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Kasey...There are different grades of Helium, and that would probably be one of the lowest. (Also for weather balloons, of which a large number are launched in the US every day!) This is probably what was in the Birthday balloons that someone had the Air Force shoot down over Alaska and Lake Huron.

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DESERT MOUNTAIN ENERGY SIGNS LETTER OF AGREEMENT TO PURCHASE AND PROCESS RAW CRUDE HELIUM GAS 2/22/2023

DMEHF Signs Letter of agreement to Process Raw Helium/ Hydrogen Gas...

Vancouver, British Columbia — DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSX.V: DME, U.S. OTC: DMEHF, Frankfurt: QM01) From the President of the Company. The Company is pleased to announce that it has signed a letter of agreement to 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.

The Company has further agreed to cooperate and assist PetroSun with future exploration for both helium and hydrogen, where feasible for seismic testing and other geophysics, in order to lower overall costs. The Company feels that when applicable, it will assist in securing rig availabilities, and trucking, coupled with other testing and operational aspects.

“We look forward to working with PetroSun in their areas along with maximizing, when possible, our existing trucking, personal, and processing facilities,” says Robert Rohlfing, CEO of DME. “In our discussions with the CFO & President, they were desirous of looking for ways to adapt some of our drilling and completion procedures to ensure the protection of the environment going forward. Our Company is committed to conducting our business activities in an environmentally sound manner.”

DME will continue to actively pursue gas purchase agreements with other operators to purchase raw gas or crude helium that conforms to the Company’s stated operational guidelines. The company plans to build and operate additional plants, based on our primary McCauley Helium Processing Facility, with features to handle a wide variety of noble gas mixtures. This strategy permits the Company to maximize throughputs by adding additional wells not owned and operated by DME for the benefit of our shareholders.

PetroSun is an Arizona-based company with over 250,000 acres of land in Arizona. It trades on the OTC pink sheets and is in the process of completing its newest well.

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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!)