Desert Mountain Energy und "The Saudi Arabia of Helium" in den USA (Seite 169)
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DESERT MOUNTAIN ENERGY PROVIDES UPDATE ON CORPORATE PROGRESS AND DISCUSSES THE WORLDWIDE HELIUM MARKET
Desert Mountain Energy Corp. has provided a brief update on the status of the company and its work programs in the current environment as well as an overview of the worldwide helium market in light of the COVID-19 pandemic.
The company closed a financing for $1.6-million on Feb. 27, 2020, and as a result has large cash reserves with which to finance its future work programs as well as for working capital.
It has no long-term debt. At present, the company is fully operative, with none of its management or staff having contracted COVID-19 and all personnel currently working comfortably and safely from their home offices.
The company is moving forward with its planned drill programs for helium in Arizona's Holbrook basin as well as in Oklahoma at the Kight Gilcrease sand unit, with the permitting process under way in Arizona and drill permits having already been issued in Oklahoma. Requisite surveying, archeological studies, reports, maps, liability insurance and surety bonds are in process for the Arizona Department of Land and Arizona Oil & Gas Conservation Commission. Those departments remain open and functional in the current environment. In addition, the company is in the process of procuring a drilling contractor and the requisite rigs for the project.
The company is anticipating that everything will be in place to permit commencement of the first hole this June in the Holbrook basin provided the COVID-19 crisis begins to ease in the meantime.
In addition, the company's technical team is carrying out research and studies on other areas in the Holbrook basin that were recently optioned by the company.
Helium, like most other industrial commodities, is suffering an immediate short-term decline in demand as a result of the worldwide COVID-19 crisis. Demand from some sectors such as party balloons and diving gas has virtually disappeared. However, it is a strategic commodity and high-tech uses are continuing in computer hard drive and semiconductor applications, military and spacecraft applications, and MRI use. At the same time, there is considerable disruption in the supply chain worldwide, resulting in a short-term decline in available supply to helium distributors. For example, shipping has been disrupted by cancellation of numerous sailings from China and bottlenecked ports which have tied up empty shipping containers. Over all, the fall in demand from the pandemic is estimated by industry sources to be 10 to 15 per cent or more. It has brought helium supplies back in line with demand, leading to an end to the recent worldwide helium shortage and a short-term reduction in helium prices.
The recent fall in demand for helium is viewed by most industry participants as a very short-term phenomenon linked to the COVID-19 crisis. Once the crisis has ended and the economy gets back on its feet, the company anticipates a resumption of growth in helium demand, which will lead to higher helium prices down the road. New uses for helium continue to be developed, such as the recent announcement by Microsoft and other video games manufacturers that they will be putting helium in the hard drives of the sophisticated video games to make them faster. In addition, the concern with future pandemics suggests that demand will be strong from MRI manufacturers and other medical applications. Further, balloon distributors such as Party City are now in a position to replenish their helium inventory in preparation for the next business upturn.
On the supply side, the company see the potential for further pressure long-term on the available supply of helium. Approximately 90 per cent or more of the world's helium production is secondary to oil and gas production, produced as a byproduct of natural gas processing or LNG (liquid natural gas) production. The collapse of oil and gas prices as a result of the dispute between Russia and Saudi Arabia, combined with the COVID-19 crisis, have created a glut of oil and LNG that is likely to last far into the future. Ships have been backed up in China and India unable to offload their LNG shipments into storage tanks, which are already full. This, combined with the paradigm shift to renewable energy sources from fossil fuels, is creating an environment where many traditional oil and gas operators are being forced to consider shutting in wells, cancelling new gas development plans and slowing down growth in new refinery capacity. New refinery projects in Qatar and Algeria have already been suspended or slowed down recently. This will surely impact world helium production where it has been produced as a byproduct of oil and gas production. The company believes the impact is likely to be strong, resulting in a significant decline of the helium supply from those sources. Combined with continued growth in worldwide helium demand from high-tech and new economy sources after the crisis abates, the company sees the potential longer term for a resumption of sharp helium price increases and a renewed shortage.
According to Irwin Olian, chief executive officer of the company: "Insofar as Desert Mountain Energy is exploring for and developing primary helium resources in Arizona not associated with oil and natural gas production, we are in a very strong position unlike many helium producers who are focused on secondary production. Further, the debacle in the oil and gas industry is already having the effect of reducing drilling and exploration costs. This will work to our advantage by reducing costs of our upcoming drill programs. We are looking forward to an end to the COVID-19 crisis soon. In the meantime, we remain committed to working hard to advance the company to the best of our ability during this challenging time."
Quelle: https://www.stockwatch.com/News/Item?bid=Z-C%3aDME-2889160&s…
Im Juni wird endlich gebohrt. Bohrgeräte müssten nach dem Ölcrash superbillig zu haben sein.
Desert Mountain Energy Corp. has provided a brief update on the status of the company and its work programs in the current environment as well as an overview of the worldwide helium market in light of the COVID-19 pandemic.
The company closed a financing for $1.6-million on Feb. 27, 2020, and as a result has large cash reserves with which to finance its future work programs as well as for working capital.
It has no long-term debt. At present, the company is fully operative, with none of its management or staff having contracted COVID-19 and all personnel currently working comfortably and safely from their home offices.
The company is moving forward with its planned drill programs for helium in Arizona's Holbrook basin as well as in Oklahoma at the Kight Gilcrease sand unit, with the permitting process under way in Arizona and drill permits having already been issued in Oklahoma. Requisite surveying, archeological studies, reports, maps, liability insurance and surety bonds are in process for the Arizona Department of Land and Arizona Oil & Gas Conservation Commission. Those departments remain open and functional in the current environment. In addition, the company is in the process of procuring a drilling contractor and the requisite rigs for the project.
The company is anticipating that everything will be in place to permit commencement of the first hole this June in the Holbrook basin provided the COVID-19 crisis begins to ease in the meantime.
In addition, the company's technical team is carrying out research and studies on other areas in the Holbrook basin that were recently optioned by the company.
Helium, like most other industrial commodities, is suffering an immediate short-term decline in demand as a result of the worldwide COVID-19 crisis. Demand from some sectors such as party balloons and diving gas has virtually disappeared. However, it is a strategic commodity and high-tech uses are continuing in computer hard drive and semiconductor applications, military and spacecraft applications, and MRI use. At the same time, there is considerable disruption in the supply chain worldwide, resulting in a short-term decline in available supply to helium distributors. For example, shipping has been disrupted by cancellation of numerous sailings from China and bottlenecked ports which have tied up empty shipping containers. Over all, the fall in demand from the pandemic is estimated by industry sources to be 10 to 15 per cent or more. It has brought helium supplies back in line with demand, leading to an end to the recent worldwide helium shortage and a short-term reduction in helium prices.
The recent fall in demand for helium is viewed by most industry participants as a very short-term phenomenon linked to the COVID-19 crisis. Once the crisis has ended and the economy gets back on its feet, the company anticipates a resumption of growth in helium demand, which will lead to higher helium prices down the road. New uses for helium continue to be developed, such as the recent announcement by Microsoft and other video games manufacturers that they will be putting helium in the hard drives of the sophisticated video games to make them faster. In addition, the concern with future pandemics suggests that demand will be strong from MRI manufacturers and other medical applications. Further, balloon distributors such as Party City are now in a position to replenish their helium inventory in preparation for the next business upturn.
On the supply side, the company see the potential for further pressure long-term on the available supply of helium. Approximately 90 per cent or more of the world's helium production is secondary to oil and gas production, produced as a byproduct of natural gas processing or LNG (liquid natural gas) production. The collapse of oil and gas prices as a result of the dispute between Russia and Saudi Arabia, combined with the COVID-19 crisis, have created a glut of oil and LNG that is likely to last far into the future. Ships have been backed up in China and India unable to offload their LNG shipments into storage tanks, which are already full. This, combined with the paradigm shift to renewable energy sources from fossil fuels, is creating an environment where many traditional oil and gas operators are being forced to consider shutting in wells, cancelling new gas development plans and slowing down growth in new refinery capacity. New refinery projects in Qatar and Algeria have already been suspended or slowed down recently. This will surely impact world helium production where it has been produced as a byproduct of oil and gas production. The company believes the impact is likely to be strong, resulting in a significant decline of the helium supply from those sources. Combined with continued growth in worldwide helium demand from high-tech and new economy sources after the crisis abates, the company sees the potential longer term for a resumption of sharp helium price increases and a renewed shortage.
According to Irwin Olian, chief executive officer of the company: "Insofar as Desert Mountain Energy is exploring for and developing primary helium resources in Arizona not associated with oil and natural gas production, we are in a very strong position unlike many helium producers who are focused on secondary production. Further, the debacle in the oil and gas industry is already having the effect of reducing drilling and exploration costs. This will work to our advantage by reducing costs of our upcoming drill programs. We are looking forward to an end to the COVID-19 crisis soon. In the meantime, we remain committed to working hard to advance the company to the best of our ability during this challenging time."
Quelle: https://www.stockwatch.com/News/Item?bid=Z-C%3aDME-2889160&s…
Im Juni wird endlich gebohrt. Bohrgeräte müssten nach dem Ölcrash superbillig zu haben sein.
Kleines Update
Bohrungen könnten bald losgehen und dann wird sich wohl zeigen, was da wirklich im Boden schlummert. Klingt vielversprechend, zumal von einer möglichen Produktion gesprochen wird.
Bohrungen könnten bald losgehen und dann wird sich wohl zeigen, was da wirklich im Boden schlummert. Klingt vielversprechend, zumal von einer möglichen Produktion gesprochen wird.
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Desert Mountain options 23K acres of He leases in Ari.
2019-11-25 09:14 ET - News Release
Mr. Irwin Olian reports
DESERT MOUNTAIN ENERGY OPTIONS 23,000 ACRES OF ADDITIONAL HELIUM LEASES IN ARIZONA'S HOLBROOK BASIN
Desert Mountain Energy Corp. has optioned approximately 23,000 additional acres of helium, oil and gas leases in the prolific Holbrook basin of eastern Arizona. This brings the Company's total acreage under its control in the Basin to 65,911 acres. The leases were optioned for a period of three years directly from private family-owned corporations that have owned the underlying land for decades (the "Lessors").
Upon exercise of the options, the Company will obtain a five-year lease covering development and production of helium, oil & gas and all other minerals from the ground optioned. The term of the leases will be extended so long as there is production from them, insofar as they are held by production. A customary 12.5% gross royalty on all production of helium, oil & gas is payable to the Lessors.
The optioned ground is situated in and around the Company's Heliopolis project area in close proximity to its other holdings in the Holbrook Basin. It complements the Company's existing leases and serves to further consolidate the Company's property position in the area. The optioned ground is highly prospective for helium and is characterized by the presence of anticlinal features, domes and other structures which have the potential to serve as traps for commercially significant helium reservoirs. An historic oil well drilled on the optioned ground had a showing of helium.
The Company continues to be focused on development of its flagship Heliopolis helium project in Arizona's Holbrook Basin and is presently in the permitting process for its upcoming drill program. That program contemplates drilling three shallow wells in different priority target areas in the Basin. At the same time, the Company is also preparing a drill program at its Kight-Gilcrease Sand Unit helium, oil & gas project in Seminole County, Oklahoma.
According to Irwin Olian, CEO of the Company, "We are very grateful for the family's choice of Desert Mountain Energy as its partner to explore and develop helium and other mineral resources from its large property package in the Holbrook Basin. We are committed to creating a success for all the parties concerned that has economic benefits for the local communities and counties and the State of Arizona, with minimal environmental footprint."
Desert Mountain options 23K acres of He leases in Ari.
2019-11-25 09:14 ET - News Release
Mr. Irwin Olian reports
DESERT MOUNTAIN ENERGY OPTIONS 23,000 ACRES OF ADDITIONAL HELIUM LEASES IN ARIZONA'S HOLBROOK BASIN
Desert Mountain Energy Corp. has optioned approximately 23,000 additional acres of helium, oil and gas leases in the prolific Holbrook basin of eastern Arizona. This brings the Company's total acreage under its control in the Basin to 65,911 acres. The leases were optioned for a period of three years directly from private family-owned corporations that have owned the underlying land for decades (the "Lessors").
Upon exercise of the options, the Company will obtain a five-year lease covering development and production of helium, oil & gas and all other minerals from the ground optioned. The term of the leases will be extended so long as there is production from them, insofar as they are held by production. A customary 12.5% gross royalty on all production of helium, oil & gas is payable to the Lessors.
The optioned ground is situated in and around the Company's Heliopolis project area in close proximity to its other holdings in the Holbrook Basin. It complements the Company's existing leases and serves to further consolidate the Company's property position in the area. The optioned ground is highly prospective for helium and is characterized by the presence of anticlinal features, domes and other structures which have the potential to serve as traps for commercially significant helium reservoirs. An historic oil well drilled on the optioned ground had a showing of helium.
The Company continues to be focused on development of its flagship Heliopolis helium project in Arizona's Holbrook Basin and is presently in the permitting process for its upcoming drill program. That program contemplates drilling three shallow wells in different priority target areas in the Basin. At the same time, the Company is also preparing a drill program at its Kight-Gilcrease Sand Unit helium, oil & gas project in Seminole County, Oklahoma.
According to Irwin Olian, CEO of the Company, "We are very grateful for the family's choice of Desert Mountain Energy as its partner to explore and develop helium and other mineral resources from its large property package in the Holbrook Basin. We are committed to creating a success for all the parties concerned that has economic benefits for the local communities and counties and the State of Arizona, with minimal environmental footprint."
Helium shortage: 'Prices just keep going up and up'
By Katie Hope Business reporter, BBC News
17 September 2019
If you want to buy a helium-filled balloon for a celebration, then it's likely you'll be paying a bit more for the privilege.
Read Full Article: https://www.bbc.com/news/business-49715838
By Katie Hope Business reporter, BBC News
17 September 2019
If you want to buy a helium-filled balloon for a celebration, then it's likely you'll be paying a bit more for the privilege.
Read Full Article: https://www.bbc.com/news/business-49715838
Trading Spotlight
Antwort auf Beitrag Nr.: 61.259.817 von Popeye82 am 15.08.19 06:03:10http://stockhead.com.au/energy/big-star-launches-into-helium…
0.29 - neues Jahreshoch
Antwort auf Beitrag Nr.: 61.259.817 von Popeye82 am 15.08.19 06:03:10http://desertmountainenergy.com/desert-mountain-energy-files…
http://desertmountainenergy.com/desert-mountain-energy-succe…
http://desertmountainenergy.com/desert-mountain-energy-succe…
Antwort auf Beitrag Nr.: 61.181.709 von winni2 am 06.08.19 00:10:56
http://stockhead.com.au/energy/a-helium-boom-is-fast-approac…
http://stockhead.com.au/energy/a-helium-boom-is-fast-approac…
Worldwide Helium shortage is discussed in an Interview with Gianni Kovacevic | CEO of CopperBank
https://www.kitco.com/news/video/show/Kitco-NEWS/2458/2019-0…
https://www.kitco.com/news/video/show/Kitco-NEWS/2458/2019-0…
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