Update on Syracuse Project and Spudding of Josephine Mack 1-18 Well

Update on Syracuse Project and Spudding of Josephine Mack 1-18 Well

VVC Exploration Corporation, dba VVC Resources, ("VVC") or (the "Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the completion of Levens 4-31 well in the Syracuse Project as well as the commencement of drilling activities at the Josephine Mack 1-18 well, marking the initiation of the Company's first test well within the Stockholm Project located in Wallace County, Kansas.

Progress In Syracuse Project With Completion of Levens 4-31

The Company has finished the completion work of Levens 4-31, bringing the total number of producing wells in the Syracuse Project to five. The Company is committed to completing three more wells in Syracuse.

Spudding of Josephine Mack 1-18 Well

On May 31st, drilling crews broke ground with the spudding of Josephine Mack 1-18. Spudding is the process of beginning to drill a well in the oil and gas industry, marking the start of the actual drilling operation. This well represents the first exploratory effort under the Stockholm Project's scope, targeting the Morrow Zone at a proposed depth of 5,300 feet. This initiative underscores VVC's strategic entry into this geologically promising region. The Company has positioned the Josephine Mack 1-18 to thoroughly evaluate the hydrocarbon potential of the Morrow Zone.

Exploration Strategy and Economic Significance

The Company's Stockholm Project is in the Morrow Zone, known for its stratigraphy and potential as a hydrocarbon reservoir. The data from the Josephine Mack 1-18 well will help determine the feasibility of further development in this area. This project is located an hour north of the Syracuse Project, which will allow the Company to utilize existing relationships with favorable vendors and operators.

Jim Culver, CEO & President of VVC, stated, "The initiation of drilling at the Josephine Mack 1-18 well is the logical next step in broadening our operational footprint, particularly within the promising economic Morrow Zone of Kansas."

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 .

On behalf of the Board of Directors
Michel J. Lafrance, Secretary-Treasurer
For further information, please contact:
Patrick Fernet - (514) 631-2727 (FR) or        Emily Bigelow - (615) 504-4621 (EN)
E-mail: pfernet@vvcexploration.com E-mail: info@vvcresources.com
Emily@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


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

VVC:CA
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
Rework of a Pre-Existing Oil Well in Southwest Kansas

Rework of a Pre-Existing Oil Well in Southwest Kansas

VVC Exploration Corporation, dba VVC Resources, ("VVC") or (the "Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the rework of a pre-existing oil well in southwest Kansas as a test for oil production in the region.

Initiation of Ardery Oil Well Rework
Building on its experience in natural resource management, especially recent work in Kansas, VVC has leveraged its subsurface mineral rights to examine the feasibility of oil production in an area where the Company is already involved in helium and natural gas production. Through geological due diligence, VVC has confirmed the potential for oil production within the area. This confirmation aligns with historic data indicating over 12 million barrels of oil production directly north of Ardery well site.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Update on Syracuse Gas Gathering & Saltwater Disposal System

Update on Syracuse Gas Gathering & Saltwater Disposal System

VVC Exploration Corporation, dba VVC Resources, ("VVC") or (the "Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the following update on its ongoing Syracuse HeliumNatural Gas Project in Kansas:

Completion and Operational Status of Syracuse Gas Gathering System
The Company has completed and is operating its Syracuse Gas Gathering system. This state-of-the-art pipeline infrastructure is designed to service the entire 16,000-acre project and is pivotal in the Company's ability to efficiently market its natural gas. Now that the core system is in place, only lateral lines will need to be added to this system. The system facilitates a robust connection to the Tumbleweed pipeline, where the Company has secured a sale contract for helium, natural gas, and other valuable natural gas liquids. The operationalization of this system underscores the Company's commitment to leveraging advanced technologies for optimized resource management and market responsiveness.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Update on Syracuse Helium/Natural Gas Project

Update on Syracuse Helium/Natural Gas Project

VVC Exploration Corporation, dba VVC Resources, ("VVC") or (the "Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the following update on its ongoing Syracuse HeliumNatural Gas Project in Kansas:

Successful Production Commencement at Durler 2-21

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
VVC Warrant Issuance

VVC Warrant Issuance

VVC Exploration Corporation, dba VVC Resources, ("VVC") or (the "Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the following:

Warrant Issuance:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
VVC Settles Future Property Liability by Issuing Warrants

VVC Settles Future Property Liability by Issuing Warrants

VVC Exploration Corporation, dba VVC Resources, ("VVC") or (the "Company"), (TSX-V:VVC and OTCQC:VVCVF) announces the following transaction:

Pursuant to an agreement entered into with Orford Resources Inc. ("Orford") on August 24, 2020, VVC acquired Orford's share of the Kaity Property (the "Property") in Mexico. VVC is now the sole beneficial owner of the Property which is held in its Mexican subsidiary. The Property is the host of the Gloria Copper Project.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
BPH Energy Managing Director and Executive Chairman David Breeze.

BPH Energy Eyes Next Phase of Development for Anaesthesia Monitoring Device

BPH Energy (ASX:BP8) has completed a AU$1 million (before costs) capital raise to execute the next phase of investment in its hydrocarbon projects and the development of Cortical Dynamics.

David Breeze, the company’s managing director and executive chairman, said part of the funds will be used for the next-phase development of Cortical Dynamics’ anaesthesia monitoring EEG-based device called BARM, which stands for brain anaesthesia response monitor.

Cortical’s BARM device helps keep the patient optimally anaesthetised during surgery, and Breeze emphasised the significant unmet need in the anaesthetics community to not only optimally anaesthetise the patient, but also administer the appropriate dose of analgesia.

Keep reading...Show less
Oil prices with green arrow.

IEA: "Major" Global Oil Surplus Coming This Decade

The International Energy Agency (IEA) is forecasting a significant surplus in the global oil market in the coming years, saying the imbalance will be driven by slowing demand growth and a surge in supply.

The IEA’s recently published Oil 2024 report outlines a future where the oil sector will be comfortably supplied through 2030, although energy security will remain a crucial concern due to transformative forces within the sector.

The report points to a slowdown in global oil demand growth as the green energy transition progresses.

Keep reading...Show less
China flag.

China and Pakistan to Deepen Alliance Through Joint Mining and Energy Ventures

China and Pakistan have agreed to strengthen their mining and energy cooperation, deepening their economic partnership under the China-Pakistan Economic Corridor (CPEC), part of China's Belt and Road Initiative.

Reuters states that the announcement was made during Pakistani Prime Minister Shehbaz Sharif's recent visit to Beijing, where he sought to bolster bilateral ties and economic collaboration between the two nations.

A joint statement emphasizes the nations' commitment to enhancing mining cooperation and implementing a comprehensive pact aimed at advancing mine development and industrial cooperation.

Keep reading...Show less
Charbone Hydrogen Announces Amendment to Terms of Convertible Debentures with Finexcorp-Led Group

Charbone Hydrogen Announces Amendment to Terms of Convertible Debentures with Finexcorp-Led Group

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Quebec TheNewswire - June 10, 2024 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, is pleased to announce that further to its news release dated October 11, 2022, it has signed an agreement of principles to amend (the "Debenture Amendment" ) certain terms of the secured convertible debentures of the Company (each, a "Debenture" ) that were issued by the Company in connection with the private placement of debentures of an aggregate principal amount of $1.2 million CAD of 14% secured convertible debentures.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Charbone Hydrogene Annonce un Amendement aux Conditions des Debentures Convertibles Avec le Groupe Mene Par Finexcorp

Charbone Hydrogene Annonce un Amendement aux Conditions des Debentures Convertibles Avec le Groupe Mene Par Finexcorp

(TheNewswire)

Charbone Hydrogen Corporation

Brossard (Québec) TheNewswire - le 10 juin 2024 - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert, est heureuse d'annoncer que suite à son communiqué de presse daté du 11 octobre 2022, elle a signé un accord de principes visant à modifier (l' « Amendement des Débentures » ) certaines modalités des débentures convertibles garanties de la Société (chacune, une « Débenture ») qui ont été émises par la Société dans le cadre d'un placement privé de débentures d'un capital global de 1,2 millions de dollars canadiens de débentures convertibles garanties à 14 %.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
  Saturn Oil & Gas

Saturn Oil & Gas Inc. Announces Proposed Private Offering of US$625 Million of Senior Secured Second Lien Notes Due 2029

Saturn Oil & Gas Inc. (TSX: SOIL) (FSE: SMKA) (OTCQX: OILSF)("Saturn" or the "Company") today announced that, subject to market and other conditions, it intends to offer US$625 million in aggregate principal amount of senior secured second lien notes due 2029 (the "Notes") in a private offering (the "Offering") exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), to eligible purchasers under Rule 144A and Regulation S of the Securities Act. The Notes will be secured by second priority perfected liens on substantially all of the Company's assets, subject to certain exceptions. Initially, the Notes will not be guaranteed, but in the future the Notes may be guaranteed, on a senior secured second lien basis, by any future restricted subsidiaries of the Company, subject to certain exceptions.

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

×