Update on Syracuse Helium/Natural Gas Project
08 Janeiro 2024 - 10:00AM
VVC Exploration Corporation, dba VVC Resources, ("VVC") or (the
"Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the following
update on its ongoing Syracuse Helium/Natural Gas Project in
Kansas:
Successful Production Commencement at
Durler 2-21
Following our previous announcement on November
16, 2023, we are pleased to report that the Durler 2-21 well has
transitioned from successful completion to active production. This
milestone signifies a stable economic output, marking Durler 2-21 a
key contributor in the Company’s portfolio. The well's performance
continues to be closely monitored and adjusted to optimize its
output and efficiency. The objective of the optimization is to
reach the maximum stable production level without negatively
impacting total production of the well. The gas quality is as
expected: helium content is 1.2%, natural gas content is 35.949%,
with a heat content of 438 BTU.
Hodgson 1-17 & C
Double D 1-16: Completion and Analysis Phase
The Hodgson 1-17 & C Double D 1-16 wells are
now completed and producing. These two wells are in the output
analysis phase. This stage is crucial for understanding the wells'
production capacities, optimal settings for both immediate and
long-term production and potential contributions to the overall
project.
Preparations Complete
for Levens 4-31, Weaver 1-15, T Spiker 1-7
The team has also readied the Levens 4-31,
Weaver 1-15, and T Spiker 1-7 wells for completion. Next steps for
these wells await the analysis of the Durler, Hodgson and C Double
wells. Each helium/natural gas project has its idiosyncrasies and
every time a new well is completed, introduced into production, and
optimized, the more information the team has for the next wells.
This thorough preparatory plan and step by step optimization of
these wells increases the probability for successful integration
into the production line-up, at the most reasonable cost,
underscoring the team's commitment to thoughtful strategic growth
and resource optimization.
VVC President Jim Culver commented,
"While the process may seem unusually deliberate, every time a well
is drilled, perforated, or completed in the Syracuse Project, the
more information the team gains about how to succeed with the next
well or wells. This knowledge gives us a better chance of optimum
success for the whole project."
A Continued Commitment to Sustainable
Practices
VVC remains dedicated to environmentally
responsible practices. The Company’s operations are conducted with
the utmost regard to ensuring sustainability, minimal environmental
impact and adherence to the highest industry standards and best
practices.
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) and on the OTC Market (OTCQB:VVCVF). To
learn more, visit our website at: www.vvcresources.com.
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On behalf of the Board of Directors |
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Michel J. Lafrance, Secretary-Treasurer |
For further information, please contact: |
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Patrick Fernet - (514) 631-2727 |
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Emily Bigelow - (615) 504-4621 |
E-mail: pfernet@vvcexploration.com |
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E-mail:
info@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.
2369 Kingston Road, PO Box 28059 Terry
Town, Scarborough, ON M1N 4E7 – Tel:
416-619-5304
VVC Exploration (TSXV:VVC)
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