VVC Engages Foreland Operating to Manage Helium Production
January 25, 2022

VVC Exploration Corporation ("VVC" or the "Company") (TSX-V:VVC) is pleased to announce that its wholly owned subsidiary Plateau Helium Corporation (“PHC”) has engaged Foreland Operating, a battle-tested field management team, to manage the day-to-day helium operations going forward.


“Bringing on such an experienced team not only allows us to expand scope and scale, but also enables us to do so at a greatly accelerated pace,” said Jim Culver, VVC President and CEO. “Their impressive resume speaks for itself, and we look forward to working collaboratively with this group as we continue to build on the momentum we have been creating over the past year.”


About Foreland Operating: A Texas based upstream oil and gas operating company whose principals have a combined 60 plus years of experience with a proven track record of successful full-cycle development in a range of international settings and in negotiating high value monetization of world class resources, both conventional and unconventional. The long-tenured team has been operating in many of the premiere U.S. basins including the Barnett Shale, the Marcellus Shale and the Permian Basin having drilled over 500 vertical and horizontal oil and gas wells. Foreland Operating’s strength in efficiencies is through their use of state-of-the-art technology and its priority on stakeholder partnerships.


Foreland Operating’s multifaceted, innovative team specializes in systematic operations improvements that lead to maximum resource recovery at minimum cost. Their team has a track record of fast rates of vertical penetration, significantly reducing cycle time, with a 100% improvement in drilled feet per day - going from 1,500 ft in 2017 to 3,100 ft in 2020.


Tony Beilman, President of Foreland Operating stated, “After reviewing PHC’s properties and their strategy, we felt that our involvement was the perfect fit for the next phase of PHC’s growth. PHC is ready and well suited to fill a void that remains largely unaddressed.”


Foreland Operating Leadership:


Tony Beilman, PE - President (40 Years’ Experience)

  • District Completion Engineer Phillips Petroleum (ConocoPhillips) Panhandle.
  • Engineering and Operations Manager at Phillips Petroleum, AOCO, managing a 50+ well drilling program, two water floods and extensive workover campaigns in the Permian Basin subsequent asset sales (Totaling $42M).
  • Founder of Foreland Operating (formerly Novus Operating) providing contract operating services that included David Arrington Oil and Gas Barnett development and subsequent asset sales (totaling $742M across two transactions), Primex Energy Barnett development and asset sale ($48M), Marcellus Asset (Novus Operating) development ($150M), Permian Basin asset development and subsequent asset sale of $130M. Managed the selection, drilling, completion, facility and pipeline design and operation of horizontal wells in Midland Basin, Eagle Ford, San Juan Basin, Panhandle, OK, KS, TX, Eastern Colorado.


About PHC


VVC’s wholly owned subsidiary is dedicated to the production of helium in the United States with properties in Kansas and Colorado.


Strategy: Lease properties that have at least one well that was previously drilled, completed, tested, showed for 2% or more of helium, and was plugged but not produced (mostly because at the time of the drilling, there were no processing facilities available). Generally, each leased block has the potential to add a minimum of four more wells. This strategy dramatically reduces the risk of drilling dry holes.


Major Helium Projects & Acreage Summary:

  • Syracuse: 16,800
  • Monarch: 1,600
  • Syracuse Extension Kansas: more than 11,000
  • Syracuse Extension Colorado: 27,180
  • PHC is finalizing a development contract with a major mineral owner for an additional 60,000 acres in the State of Colorado.

VVC Appoints New President & Grants Options

March 18, 2025
TORONTO, March 18, 2025 - VVC Exploration Corporation, dba VVC Resources, (“VVC”), (TSX-V:VVC and OTCQC:VVCVF) announces the following: Appointment of Officers The Directors appointed Mr. Bill Kerrigan as President and Chief Operating Officer of VVC. Mr. Kerrigan will continue to be President of Plateau Helium Corporation. Mr. James A. Culver will remain as CEO of VVC. VVC Chairman, Terrence Martell, commented, "As a representative of Management and the Board, I extend heartfelt gratitude to Mr. Culver for his years of service as President. I also welcome Mr. Kerrigan to his new role as President and I am confident that he will provide positive momentum for VVC." Option Grant The Directors also granted incentive stock options under its stock option plan, to officers, directors and consultants of the Company, to purchase up to an aggregate of 15,700,000 common shares, representing 2.74% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.05 per share expiring March 17, 2035. 25% of the options granted will vest immediately with the remaining vesting at 25% every six months. The exercise price was fixed at the minimum allowable price by the TSX Venture Exchange policies. The options, granted in accordance with the provisions of the Company's stock option plan, are subject to the TSX Venture Exchange policies and the applicable securities laws. Of the Options granted, 41.1% were to Directors, 30.3% to Officers and 28.7% to Employees/Consultants of the Company. About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Copper & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Results of VVC Annual Shareholders’ Meeting

December 5, 2024
The Company’s Annual General Meeting of Shareholders (“AGM”) took place virtually yesterday with 34 attendees (shareholders and guests). Total attendance in person and by proxy was 137 shareholders representing about 51.4% of the outstanding shares. At the AGM, shareholders approved the election of all Directors proposed by Management with over 90% of the tendered votes being in favor, and the re-appointment of MNP LLP as auditors of the Company with all of the tendered votes being in favor.
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