VVC’s PHC Drills the First Two New Wells in its Syracuse Project - Contracts Given for the Syracuse Project Gas Gathering System
September 28, 2021

VVC Exploration Corporation ("VVC" or the "Company") (TSX-V:VVC) is pleased to announce that its wholly owned subsidiary Plateau Helium Corporation (PHC) has drilled two new gas wells on the Syracuse Project, each of which showed two zones of helium gas. PHC has contracted with TMI Solutions, LLC for engineering and with Eatherly Constructors, Inc to build an internal gas gathering system for the Syracuse Project. PHC continues to acquire additional helium lease acreage as it expands its footprint in the helium business and commences commercial helium and natural gas production at the Syracuse Project.


Incredible Progress by PHC


VVC President Jim Culver took the opportunity to praise the PHC team for the incredible business progress since VVC took over PHC. "These two wells mark the beginning of commercial helium and natural gas production in our Syracuse Project. Eight (8) more wells are permitted and being prepped for drilling. In addition to the four (4) helium projects that PHC now has, it continues to look for opportunities in the helium sector. I want to thank the Team for their hard work and VVC’s investors and shareholders for supporting this transformative effort."


He also noted that VVC recently acquired an investment position in a promising startup resource company, Plateau Carbon LLC (PCL). PCL has since acquired a large industrial gas lease holding that includes carbon dioxide ("CO2"), nitrogen and helium. Plateau Carbon's primary purpose is the geologic sequestration of CO2 in an effort to aid in the reduction of US carbon emissions. The secondary focus is the production and sale of helium.


Commencement of Commercial Production on Syracuse Project


The Durler 2-21 is the first new well drilled on the Syracuse Project and two gas zones were encountered. One zone was perforated and flowed gas while and the second zone indicates gas but has not yet been tested. The well will be completed and connected to the pipeline as soon as the internal gas gathering system connection is available, sometime in Q4, 2021.


PHC’s second Syracuse well is the Levens #2. The same two gas zones were encountered in Levens #2 as in the Durler 2-21. This well was perforated in the same zone as the Durler 2-21 and also flowed gas. And like the Durler 2-21, an additional zone indicative of gas production was encountered which has not yet been perforated. Levens #2 is located very near the Tumbleweed pipeline and is scheduled to be completed, tested and connected to the Tumbleweed pipeline by mid-October.


Site preparation has begun on 8 additional newly permitted Syracuse well locations with drilling to commence in Mid-October 2021 and be completed in December 2021. PHC expects to have a total of ten (10) new wells completed and producing in the Syracuse Project by the end of December of 2021.


The Company also plans to drill twenty (20) additional new wells in Syracuse in the first half of 2022.


Syracuse Internal Gathering System and Tumbleweed Pipeline Connection


PHC has contracted with TMI Solutions, LLC for engineering and Eatherly Constructors for construction of an internal gas gathering system in the Syracuse project. The core of this gathering system will start at the Levens #2 well and connect the Durler 2-21 and the eight (8) other wells to be drilled before the end 2021, in an approximately 15-mile system. This Syracuse Gathering System will provide convenient connector points for balance of the 160 potential well sites in the Syracuse Project.


Continued Acreage Acquisition and Expansion of Syracuse Extension


PHC’s Syracuse Extension has been divided into two separate projects. The first, includes leases in two (2) counties in Western Kansas, now referred to by the Company as Syracuse Extension Kansas; the second includes leases in four (4) counties in Eastern Colorado now referred to by the Company as Syracuse Extension Colorado. Historically, the leases in these two projects was evaluated by proximity to historical wells that tested helium rich natural gas. Because of low natural gas prices at the time of drilling, and lack of access to helium processing these wells were not completed, nor put into production, and were subsequently plugged.


PHC's Helium Projects


PHC now has four (4) helium projects, presently covering an aggregate of approximately forty thousand (40,000) acres: the original Syracuse Project, Monarch Project, Syracuse Extension Kansas, and Syracuse Extension Colorado. Upon completion of the core leasing, the total leases in these four (4) projects is expected to be over seventy-five thousand (75,000) acres with over six hundred (600) potential well locations. In addition to the core acreage in each of these projects, the Company will continue to add properties to each project on an "as available" basis.


  • The Syracuse Project initially consisted of 13,440 acres of gas leases located in Hamilton County, Kansas. PHC continues to add to the leased acreage on an opportunistic basis with the present total standing at over 16,000 acres. This project is the focus of PHC’s initial new well drilling and production campaign. Two (2) new wells have been drilled, and are awaiting testing, completion and pipeline connection. Eight (8) more well sites have been permitted and site work has begun. Drilling is scheduled to begin in mid-October with completion, including pipeline connection, before year end. The first new well is expected to be connected to the pipeline in October.


  • The Monarch Project consists of 1,600 acres of gas leases located in Greeley County, Kansas with six existing wells that are in the late stages of their productive life. At this time, five (5) of these previously producing wells have been re-connected to the pipeline and are producing helium rich gas. The focus in this Project is the 14 additional potential well locations which are conveniently located for connection to the Tumbleweed pipeline.


  • Syracuse Extension Kansas’s initial targeted acreage was 8,540 acres of which 3,320 acres have completed leases and still 5,220 acres are in process. The targeted acreage has twenty-four (24) wells on acreage already leased and 17 on acreage, in process, that were previously drilled and tested helium rich natural gas but were plugged for lack of a viable market. Other acreage will be added to this Project as it is available. The project with its present leased acreage has 138 potential well locations. Initial new well drilling is scheduled to commence in Syracuse Extension Kansas in Q4 of 2021. Six wells are currently in the process of being permitted.


  • Syracuse Extension Colorado has now leased 17,747 acres of its targeted core of 20,187. In addition, PHC is completing a development contract with a major mineral owner for an additional 28,160 acres. There are a total of 28, tested but not producing wells in the project. The Company expects to complete this leasing and contracting by the end of October. PHC has begun the permitting process for the first Syracuse Extension Colorado wells and expects to drill the first well in Q1 2022.


Helium Value

Helium prices and demand have continued to increase as the US Strategic Helium Reserve has been depleted. In addition to the more traditional uses in welding and industrial processing, helium is a key item in high tech manufacturing, medical devices and space programs.


Global Investment Daily described the ' Helium Boom that is about to take off in 2021 ' (https://globalinvestmentdaily.com/the-helium-boom-is-about-to-take-off-in-2021) and price wise it certainly has. Long term contract prices for helium (five-year and ten-year contracts) have increased by as much as 25% during 2021, and spot prices in some cases appear to have doubled, making helium one of the most profitable commodity products in the last five years. Even at the low end of the range for the projected five-year average price for helium, PHC could have a significant profit margin on its helium business based on the costs to date for drilling and servicing wells and the existing contract price for helium.


A few companies are now pursuing helium production, but the areas where commercial helium wells have been found are limited. PHC has been aggressively acquiring lease acreage in areas where there has been past production of helium, to allow the Company to grow its helium business rapidly.



PHC’s helium business has the potential to become highly profitable if it can ramp up commercial production over the next 24 months and continues to acquire leases that have a high likelihood of profitable helium production.

VVC Exploration Corporation Announces Director Resignation

June 19, 2026
TORONTO, June 19, 2026 - VVC Exploration Corporation, dba VVC Resources ("VVC" or the "Company") (TSX-V: VVC and OTCQB: VVCVF) announces that Mr. Bruno Dumais resigned as a Director of the Company. The Board of Directors has accepted Mr. Dumais' resignation with regret, and thanks him for his valuable contributions and dedicated service to the Company. Jim Culver, CEO of VVC, commented: "On behalf of the Board and management, I would like to express our deep appreciation to Bruno for his commitment to VVC. We value the insight and guidance he has provided during his tenure and wish him continued success in his future endeavors." The position on the Board of Directors will be left vacant until a new candidate can be appointed to fill the vacancy. 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.; Gold & 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). To learn more, visit our website at: www.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.

VVC Exploration Corporation Provides Regulatory Update and Clarifies a Previous Incorrect Statement about CYRB

May 21, 2026
TORONTO, May 21, 2026 - VVC Exploration Corporation, dba VVC Resources (“VVC” or the “Company”) (TSX-V: VVC and OTCQB: VVCVF) is providing an update to its previous news release dated May 16, 2026, regarding the status of its annual financial filings. The Ontario Securities Commission (the "OSC") has notified the Company that its application for a Management Cease Trade Order ("MCTO") has been rejected. In delivering its decision, the OSC noted that they are not of the view that there is an active, liquid market for the issuer’s securities, based on a review of the trade volume, trade value, and number of trades over the last month. Consequently, the OSC intends to issue a Failure-to-File Cease Trade Order ("FFCTO") against the Company shortly after the regulatory deadline if the continuous disclosure documents are not submitted. The Company's audited annual financial statements, management's discussion and analysis, and related officer certifications for the fiscal year ended January 31, 2026 (collectively, the "Required Filings") are due on June 1, 2026. Reason for Anticipated Delay The delay in completing VVC’s Required Filings is primarily attributable to the time required to complete the valuation and related accounting assessment of VVC’s equity investment in Cyber Apps Solutions Corp. (“CYRB”) and its operating subsidiary, Proton Green, LLC. The complexity of the valuation process and the resolution of related accounting matters delayed the commencement of VVC’s Required Filings. The Company also wishes to clarify that the references to executive management vacancies at CYRB included in the May 16, 2026 announcement were incorrect and have been retracted. Financing & Corporate Update In light of the operational adjustments required by the developments at CYRB, the Company also announces that it is actively pursuing capital-raising initiatives to protect working capital and fund ongoing operations, including its core helium and gold exploration assets. VVC is currently evaluating various financing options, which may include a proposed non-brokered private placement of securities. Any such financing remains subject to compliance with the strict terms of the proposed MCTO, which prohibits the issuance or acquisition of securities from any director, officer, or insider of VVC during the period of the default. Further details regarding the terms, pricing, and closing dates of any such financing will be announced if and when they are finalized. There can be no assurance that any financing will be completed on terms acceptable to the Company, or at all. Anticipated Completion and Impact of Order The Company and its independent third-party valuation specialist are working diligently to resolve the valuation framework with MNP LLP. VVC continues to target the completion and submission of the Required Filings on or before June 30, 2026. If an FFCTO is issued by the principal regulator, trading in the common shares of VVC will be suspended across all trading platforms in Canada, including the TSX Venture Exchange, until the Required Filings are completed and the order is formally revoked by the regulators. Insider Trading Restrictions The Company's internal insider trading blackout notice issued by the Corporate Secretary remains in full effect. All directors, officers, and insiders are strictly prohibited from trading in the Company's securities or exercising stock options until the default is fully remedied and the Required Filings are publicly available. 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.; Gold & 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). To learn more, visit our website at: www.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.
Show More >