Update on Syracuse Project and Spudding of Josephine Mack 1-18 Well
07 June 2024 - 10:00PM
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 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: |
|
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
VVC Exploration (TSXV:VVC)
Historical Stock Chart
From Nov 2024 to Dec 2024
VVC Exploration (TSXV:VVC)
Historical Stock Chart
From Dec 2023 to Dec 2024