VVC Grows Helium Lease Portfolio to 20,000 Acres with Potential for 214 Well Locations
July 8, 2021

VVC Exploration Corporation ("VVC" or the "Company") (TSX-V:VVC) is pleased to announce the acquisition of additional acreage of property by its subsidiary, Plateau Helium Corporation ("PHC"), as it continues to expand its foothold on the burgeoning market for helium.


Acquisition of Syracuse Extension


Nine (9) additional leases, totaling 4,640 acres, were acquired on its Syracuse Extension Project. Historically, each of these leases were evaluated by the drilling of a well that tested natural gas containing helium. Because of low helium and natural gas prices at the time of drilling, these wells were not completed, nor put into production, and were later subsequently plugged. The newly acquired 4,640 acres of gas leases allow for the drilling of as many as thirty-six (36) additional wells. The acquisition of the first Syracuse Extension property, the Cox S-1, was reported on April 29, 2021. When leasing of the Syracuse Extension Project is completed, total aggregate acreage under lease is expected to be over 42,000 acres in these three projects with as many as 342 potential well locations.


PHC's Helium Projects


PHC now has three (3) helium projects, covering an aggregate of approximately 20,000 acres: Syracuse (original project), Monarch Project, and Syracuse Extension Project.


  • The Syracuse Project consists of 13,440 acres of gas leases located within Hamilton County, Kansas developed with the drilling of five wells several years ago. All wells tested natural gas containing helium at that time, but because of low helium prices, they were never completed and produced. Currently, one well has been reworked and is now producing helium rich natural gas (June 16, 2021 NR). The Syracuse Project represents a total of 164 potential well locations.


  • The Monarch Project consists of 1,600 acres of gas leases located within Greeley County, Kansas with six existing wells. At this time, four (4) wells are producing and two (2) others are awaiting re-work and there are14 additional potential well locations.


  • Leasing continues on the Syracuse Extension Project located in eastern Colorado and western Kansas. This Project targets a leasing goal of 26,200 acres defined by forty-two historical wells that previously tested helium rich natural gas, but were never completed nor put into production. There are 164 potential well locations in the Syracuse Extension Project.


  • Other projects continue to be evaluated.


Producing Wells

Five (5) wells are now producing, and two (2) are in rework.


  • PHC is now selling helium and associated natural gas from five existing wells: four (4) located on the Monarch Project, and one (1) on Syracuse Project (June 16, 2021 NR).


  • Two (2) additional shut-in Monarch Project wells are awaiting re-work and the return to producing status.


Drilling of New Wells


Guiding exploration on both the Syracuse and Syracuse Extension Projects, is the data from a number of previously drilled wells that tested natural gas containing helium, but were subsequently plugged and abandoned. As previously mentioned, one well on the Syracuse Project well was reworked and is now producing gas that last tested +1% helium. Based on this success, PHC is convinced of the potential of other abandoned wells and new wells. Results may differ from anticipated results for various reasons.


The Durler 2-21 will be the initial new well to be drilled on the Syracuse Project and is projected to be drilled to the Wabaunsee Formation at a depth of 5,500 ft. All potentially productive gas zones encountered during the drilling of this well will be evaluated. A drill rig is currently contracted to start development of the Syracuse Project soon. Other rigs may be added later, as needed.


The Syracuse Extension Project is based on the positive test of 36 wells drilled in a five-county area of eastern Colorado and western Kansas. Most of the wells were drilled to the Morrow Formation in search of oil reserves. At the time, many of the wells that encountered gas were simply plugged and abandoned.


Drilling of the new wells on Syracuse Extension Project is expected to start by the end of July 2021. A drill rig that could complete 2 wells per month has been contracted for this project. Other rigs may be added later, as needed.


VVC President Jim Culver commented, "Generating positive cash flows from the helium business is the Company’s immediate goal. This will help provide funding to support the Company's other projects."

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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