top of page

VVC De-risks Syracuse Project through Analytics and Groundwork

VVC Resources is fully funded for its Syracuse helium project, Kansas, and is prioritising exploration work on eight drilled wells at the location. The project is spread over 16.4k acres and has historically held helium concentrations of 1-1.5%. Internal estimates put the resource size at 75 bcf of gas implying ~750mmcf of helium. The company recently received US$5mm from the sale of a portion of its ownership in Proton Green, which has solved its balance sheet issues and given funds to deploy towards Syracuse. Chairman Dr. Terrence Martell emphasised their risk mitigation efforts, including substantial investments in analytics to increase the probability of successful drilling at depths of 2,500ft in an interview with Investing New Network.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Recent Posts

See All

Proton Green Q1'24 Results: Running Low on Cash

Proton Green generated helium revenue of US$222k in Q1’24 through the sale of 459mcf of helium, implying a price of US$484/mcf. Despite this, the company faced higher costs, with operating costs at US

Royal Helium Q1'24 Results; ~1mmcf Helium Sold

Royal Helium reported its Q1'24 results after an active quarter. The company reported helium revenues of C$819k (or ~US$600k), which it sold at its previously agreed contract price of US$625/mcf. Alth

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page