VANCOUVER, BC – DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSXV: 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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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.