Desert Mountain Energy Corp. (DME) has completed the acquisition of Kight Gilcrease Sant Unit (KGSU) oil and gas project which it hopes will lead to an expansion of its helium exploration activities.
The KGSU comprises an area of approximately 883.7 acres in Seminole County, Oklahoma, which is substantially underlain by the Gilcrease Sandstone common source of oil supply.
“We are extremely pleased to have closed our acquisition of the Kight Gilcrease Sand Unit in Seminole County, Oklahoma,” Irwin Olian, Desert Mountain Energy CEO.
“It represents a strong opportunity to develop significant cash flow for the Company and at the same time it gives us a base of operations in Oklahoma.
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