- Desert Mountain Energy (DME) has signed a joint operating agreement with Beam Earth Ltd.
- The agreement enables Beam Earth to explore the shallow hydrogen zones in the McCauley Helium Field in Arizona
- Desert Mountain has also discovered helium in two zones in the Gunnar Dome Well, raising the property’s potential for economical noble gas production
- Desert Mountain Energy is focused on the exploration, development and production of helium, hydrogen and other noble gases
- Desert Mountain Energy (DME) is down by 9.26 per cent, trading at $2.45 per share
Desert Mountain Energy (DME) has signed a joint operating agreement with Beam Earth Ltd.
The agreement encompasses the shallow hydrogen zones in the McCauley Helium Field in Arizona, allowing the company to remain focused on helium prospects while utilizing Beam Earth’s hydrogen expertise.
The agreement also provides the basis for other partnerships with Beam outside of Arizona.
“We look forward to working together with Beam Earth on the complexity of the geological settings and specific geophysical options required to be able to repeatedly duplicate successful exploration,” stated Robert Rohlfing, CEO of Desert Mountain Energy.
Desert Mountain has also discovered helium in two zones in the Gunnar Dome Well. The tested interval is incompatible for production with the planned McCauley Helium Processing Facility. For this reason, the company will isolate the tested zone and complete the well into another zone where helium was seen on the mass spectrometer without other noble gases.
Desert Mountain Energy is focused on the exploration, development and production of helium, hydrogen and other noble gases.
Desert Mountain Energy (DME) is down by 9.26 per cent, trading at $2.45 per share as of 1:02 pm EST.