Rework of a Pre-Existing Oil Well in Southwest Kansas
17 April 2024 - 10:00PM
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
ReworkBuilding 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
PotentialThe Ardery test is distinguished by its
multi-zone production potential, comprising the Morrow Sandstone
and the underlying St. Louis Limestone "B" & "C" zones. This
project, if successful will enhance the economic outlook of VVC’s
Kansas projects.
Jim Culver, CEO & 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 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.
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On behalf of the Board of Directors |
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Michel J. Lafrance,
Secretary-Treasurer |
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For further
information, please contact: |
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Patrick Fernet - (514)
631-2727 (FR) |
or |
Emily Bigelow - (615) 504-4621
(EN) |
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E-mail:
pfernet@vvcexploration.com |
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E-mail:
info@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
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