accredited investor leads oil gas

VVC's PHC Engages Lee Keeling and Associates to Conduct NI 51-101 Helium Resource Property Evaluations of PHC's Four Helium Projects

 

VVC Exploration Corporation (" VVC " or the " Company ") (TSX-V:VVC) is pleased to announce that its wholly owned subsidiary Plateau Helium Corporation ("PHC") has commissioned a National Instrument 51-101 ("NI 51-101") compliant report (the "NI 51-101 Report") on its four (4) helium projects in Kansas and Colorado, USA.

 

  Engagement of Lee Keeling and Associates  

 

PHC has engaged Lee Keeling and Associates ("Keeling") of Tulsa Oklahoma, an oil and gas engineering consulting firm with specialized expertise in helium, to complete an evaluation of PHC's helium assets. This evaluation will be carried out in accordance with the requirements of NI 51-101 in Canada. The results of the evaluation will be published in NI 51-101 Report which, when finalized, will be filed on SEDAR ( www.sedar.com ), where it will be available for download by shareholders. The NI 51-101 Report will help PHC in its strategic decision making and management of the helium business, as well as providing the Company's investors, and the market, a view of the Company's helium assets through a third-party expert.

 

Keeling will consult on the well completions and testing programs, and will also prepare an independent evaluation of the existing producing wells, the historic non-producing wells and as well as an overview of the Company's helium lease acreage. In addition, Keeling will create a format for evaluating and updating PHC's helium resource as more leases are added and wells are drilled.

 

Keeling is a Qualified Person as such term is defined in NI 51-101.

 

VVC Chairman TM said: "We are particularly excited to have a third-party review of the projects in Plateau Helium, so that we will be able to effectively communicate the tremendous potential value we see in these projects."

 

  PHC's Four Existing Helium Projects  

 

PHC now has four (4) helium projects to be evaluated by Keeling. These projects cover an aggregate of approximately forty thousand (40,000) acres in: Syracuse (PHC's original project), Monarch, Syracuse Extension Kansas, and Syracuse Extension Colorado. In addition to the core acreage in these projects, the Company will continue to add properties to each.

 

  About National Instrument 51-101 (    NI 51-101    )  

 

NI 51-101, Standards of Disclosure for Oil and Gas Activities, requires all Canadian reporting issuers engaged in oil and gas activities to provide disclosure of their estimated oil and natural gas reserves, and related future net revenue, on an annual basis. In addition, NI 51-101 permits reporting issuers to disclose estimates of resources (other than reserves) provided that such disclosure satisfies the requirements of NI 51-101. This requires that all estimates of reserves, resources, and values attributable to reserves or resources that are disclosed, must be prepared or audited in accordance with the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook").

 

  About Lee Keeling and Associates  
Lee Keeling and Associates (Keeling) are international consultants providing confidential advice on all segments of the petroleum industry, international and domestic, since 1957. They provide their clients with a product that incorporates knowledgeable geologic, engineering and economic evaluations from which they can make sound and dependable business decisions. Keeling's staff is proficient in the use of professionally accepted evaluation procedures and engineering practices using a wide-range of software to produce specialized services and reports tailored to clients need. Services include: oil and gas (including helium) reserve estimates, oil and gas (including helium) appraisals, CO 2 sequestration feasibility studies, PHMSA audit preparation, gas storage studies, water flood studies, expert witness testimony, oil and gas pipeline feasibility studies, drilling and development programs, and formation evaluation.  They are also well versed in reservoir analysis, unitization studies, fluid injection programs, enhanced recovery, horizontal drilling, and deliverability studies, and subsurface fluid disposal.

 

  About VVC Exploration Corporation  

 

VVC is a publicly traded Canadian-based mining exploration and development company listed on the TSX Venture Exchange (TSX-V:VVC). With the addition of Plateau Helium Corporation ("PHC"), VVC is also a Helium producing company. VVC's portfolio includes the Gloria Copper Project in Northern Mexico, precious metals properties also in Mexico and the Helium Projects owned by PHC, its wholly owned subsidiary. VVC is currently focused on PHC's Helium Projects and will resume the development of Gloria Copper Project, as soon as Covid-19 restrictions are removed in Mexico. To learn more, visit our website at: https://vvcexpl.com .

 

On behalf of the Board of Directors

 

Michel J. Lafrance, Secretary-Treasurer

 
       
For further information, please contact:
Patrick Fernet - (514) 631-2727 or Trevor Burbank - (214) 641-1041
  pfernet@vvcexploration.com     trevor@vvcexpl.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  

 

 

 

  Primary Logo 

 

News Provided by GlobeNewswire via QuoteMedia

VVC Resources

VVC Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
VVC Resources (TSXV:VVC)

VVC Resources

Keep reading...Show less

Engaging in the exploration, development, and management of natural resources

Lobo Tiggre, copper bars.

Lobo Tiggre: Copper's Trump Tariffs — Plus Gold Price, Uranium Opportunity

Lobo Tiggre, CEO of IndependentSpeculator.com, discusses the recent news that the US plans to put a 50 percent tariff on copper imports.

He also weighs in on gold, silver and platinum price drivers, as well as uranium stocks.

Keep reading...Show less
Metal pipes and bars obstructed by yellow "tariffs" tape with US flags.

Copper Soars to All-time High as Trump Unveils 50 Percent Tariff on Imports

US President Donald Trump said Tuesday (July 8) that he plans to impose a 50 percent tariff on all copper imports, a dramatic escalation of his administration’s use of targeted trade restrictions on national security grounds.

“I believe the tariff on copper, we're going to make 50 percent,” Trump said during a White House cabinet meeting.

Though he did not provide a timeline, Commerce Secretary Howard Lutnick said in a subsequent CNBC interview that the tariff could take effect by late July or as early as August 1, with details to be posted on Trump’s Truth Social account.

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Completion of MRE Drilling Campaign

Completion of Major Drilling Campaign Targeting Maiden Mineral Resource Estimate

Empire Metals Limited, the AIM-quoted and OTCQB-traded exploration and development company, is pleased to announce the successful completion of its largest drilling campaign to date at the Pitfield Project in Western Australia ('Pitfield' or the 'Project'). This programme focussed on high-grade titanium mineralisation within the in-situ weathered cap at the Thomas Prospect and is designed to underpin the Company's maiden JORC compliant Mineral Resource Estimate ('MRE').

Highlights

Keep reading...Show less
Loyal Metals Limited

Loyal to Acquire the High-Grade Highway Reward Copper Gold Mine

Loyal Metals Limited (ASX:LLM) (Loyal, LLM, or the Company) is pleased to announce that it has acquired a binding option to purchase the Highway Reward Copper Gold Mine in Queensland, Australia, one of the highest-grade copper mines worldwide, with past production totalling 3.65 million tonnes at 5.7% Cu and 260,000 tonnes at 4.5 g/t Au 1-9. This acquisition is the first step in Loyal’s 2025 Strategic Plan to broaden its critical minerals portfolio into copper. No exploration has been conducted on the mining leases since mining ceased in July 2005, despite a ~680% increase in copper prices and a ~1,256% increase in gold prices since the 1997 feasibility study 3,4. With over $4.4 million in funding, Loyal is well-positioned to revisit the high-grade Highway Reward Copper Gold Mine by deploying modern exploration techniques11.

Keep reading...Show less
Textured copper ribbons weave over a black background.

​Copper​ Market Hit by Major Supply Squeeze as LME Inventories Drop

One of the sharpest copper supply crunches in recent memory is rattling global commodities markets, as inventories at the London Metal Exchange (LME) plummet and the spot price soars.

Bloomberg reported that as of Monday (June 23), copper for immediate delivery was trading at a premium of US$345 per metric ton over three month futures, the widest spread since a record squeeze in 2021.

That dramatic price divergence reflects the market’s acute concerns over access to physical copper, with readily available inventories on the LME falling by around 80 percent this year alone.

Keep reading...Show less
VVC Resources

VVC Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×