VVC Engages Foreland Operating to Manage Helium Production

VVC Engages Foreland Operating to Manage Helium Production

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.

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 its wholly owned subsidiary, PHC. VVC is currently focused on the Helium Projects owned by PHC 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: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

VVC Resources

VVC Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

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

VVC - Commencement of Central Kansas Uplift Project

VVC - Commencement of Central Kansas Uplift Project

VVC Exploration Corporation, dba VVC Resources ("VVC" or the "Company") (TSX-V: VVC; OTC: VVCVF) today announces its strategic development of the Central Kansas Uplift ("CKU") Project, an initiative being advanced through VVC's wholly owned subsidiary, Plateau Helium Corporation ("PHC"). The CKU... Keep Reading...
Insider Loan to Corporation

Insider Loan to Corporation

VVC Exploration Corporation, dba VVC Resources, ("VVC"), (TSX-V:VVC and OTCQC:VVCVF) announces the following events. Loan from Chairman VVC's Chairman of the Board, Terrence Martell Ph.D. (the "Lender"), has provided a US$700,000 loan (the "Loan") to VVC's subsidiary, Plateau Helium Corp., for... Keep Reading...
VVC Appoints New President & Grants Options

VVC Appoints New President & Grants Options

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... Keep Reading...
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... Keep Reading...
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... Keep Reading...
​African Discovery Group (OTC:AFDG)

AFDG - Embracing US strategy, acquisition of Butembo copper deposit in the DRC. Copper added to draft list of US strategic minerals

African Discovery Group (OTC:AFDG) ("AFDG" or the "Company") has signed a term sheet to acquire the Butembo Copper exploration license in the Democratic Republic of Congo (DRC) by acquiring 100% of the shares of SOCIETE GRABIN MINING SAS (the "Transaction"). With this proposed acquisition, AFDG... Keep Reading...
ACG Metals

ACG Amends Terms of Gediktepe Royalty Agreement to Support Transition from Gold to Copper Production

ACG announces that the net smelter return royalty agreement dated 17 July 2019 (the "Royalty Agreement") originally entered into between Lidya Madencilik Sanayi ve Ticaret A.Ş. (which assigned its interest to ACG Holdco 1 Limited), Polimetal Madencilik Sanayi ve Ticaret A.Ş. ("Polimetal") and... Keep Reading...

African Discovery Group

AFRICAN DISCOVERY GROUP, INC. (AFDG or the "Company") acquired 100% of African Discovery Group, Inc., a Delaware corporation, in November, 2020. The Company's previous South African car rental business was spun off to the Company's former principals. Through its 100%-owned subsidiary, the... Keep Reading...
Preliminary data of Butembo Copper prospect, with near surface high-grade copper oxidized ore with grades of up to 18%

Preliminary data of Butembo Copper prospect, with near surface high-grade copper oxidized ore with grades of up to 18%

African Discovery Group (OTC:AFDG) (“AFDG” or the “Company”) has entered into a term sheet to acquire the Butembo Copper exploration license in the Democratic Republic of Congo (DRC) by acquiring 100% of the shares of SOCIETE GRABIN MINING SAS (the “Transaction”). The Butembo Copper project is a... Keep Reading...
VVC Resources

VVC Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News