Update on Syracuse Gas Gathering & Saltwater Disposal System
01 February 2024 - 12:00AM
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:
Completion and Operational Status of
Syracuse Gas Gathering SystemThe 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.
Completion of Saltwater Disposal System
and Enhancement of EconomicsFurthering its dedication to
sustainable and economical operations, the Company is pleased to
report the completion of its saltwater disposal system. This system
represents a significant step forward in the Company's natural gas
development strategy. This saltwater disposal system results in a
higher profitability per well and reflects the Company’s approach
in ensuring economic efficiency in its operations.
VVC President Jim Culver commented, "The
operational commencement of the Syracuse Gas Gathering System and
the completion of our saltwater disposal system are key drivers in
bolstering VVC’s Syracuse Project profitability. These advancements
significantly reduce operational expenses and enhance potential
profitability of the Syracuse Project, underpinning VVC’s strategy.
"
Addition of John Virgil to the
Leadership TeamVVC Resources has announced the appointment
of John Virgil to direct all helium and natural gas project
engineering. John Virgil brings a wealth of experience and
expertise in project management and will play a crucial role in
steering the Syracuse Project and the success of additional
projects in Western Kansas. John will report to Bill Kerrigan, who
will now be able to focus on the development of VVC's additional
helium and natural gas projects, further strengthening our project
portfolio and driving our strategic objectives forward.
A Continued Commitment to Sustainable
PracticesVVC 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: |
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Patrick Fernet - (514) 631-2727 |
or |
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Emily Bigelow - (615) 504-4621 |
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E-mail: pfernet@vvcexploration.com |
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E-mail: info@vvcresources.com |
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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
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