19:00:27 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



VVC Exploration Corp
Symbol VVC
Shares Issued 572,681,815
Close 2024-04-17 C$ 0.04
Market Cap C$ 22,907,273
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VVC Exploration reworking oil well in SW Kansas

2024-04-17 12:30 ET - News Release

Mr. Michel Lafrance reports

REWORK OF A PRE-EXISTING OIL WELL IN SOUTHWEST KANSAS

VVC Exploration Corp. has begun the rework of a pre-existing oil well in southwestern 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.

Operational strategy and zonal potential

The Ardery test is distinguished by its multizone production potential, comprising the Morrow sandstone and the underlying St. Louis limestone B and C zones. This project, if successful, will enhance the economic outlook of VVC's Kansas projects.

Jim Culver, chief executive officer and president of VVC, stated: "The initiation of the Ardery oil well rework offers significant opportunity for VVC to test the potential for oil production in the areas where the company is involved with helium and natural gas exploration and production at a relatively low cost."

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 Corp.

VVC engages in the exploration, development and management of natural resources -- specializing in scarce and increasingly valuable materials needed to meet the growing, high-technology demands of industries such as manufacturing, technology, medicine, space travel and the expanding green economy. The company's portfolio includes a diverse set of multiasset, high-growth projects, comprising: helium and industrial gas production in the Western United States; copper and 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 TSX Venture Exchange and on the OTCQB.

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