VVC Begins Production from Durler 2-21; Progresses on 5 Other Wells

VVC Exploration commences production at the Durler 2-21 well in its Syracuse Helium Project. In Nov'23, VVC connected Durler 2-21 to Tumbleweed Midstream's Ladder Creek Pipeline, transporting helium and natural gas to the Ladder Creek helium liquefaction plant in Cheyenne Wells, Colorado. Although there is no information on flow rates yet, the company expects the Syracuse Project to contain 75 bcf of gas with a helium concentration of 1-1.5% implying ~750mmcf of helium. In parallel, VVC is progressing on its completed Hodgson 1-17 & C Double D 1-16 wells, which are undergoing crucial production analysis, while preparations for Levens 4-31, Weaver 1-15, and T Spiker 1-7 are also underway.

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