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VVC Reports Q1'24 Results

Updated: Jul 1

VVC Exploration reported its Q1'24 results with a helium revenue of US$3.8k (+8.5% y/y). This helium revenue was passed onto VVC through its investment in Proton Green, which is producing helium from the St. Johns Field in Arizona. The company has not revealed any information around volumes sold, but based on helium rates of US$480/mcf, implied from previous results, we estimate that this helium volumes sold would be ~8mcf for Q1'24. The company ended the quarter with a net loss of US$942k, cash position of US$2.7mm, and total assets of US$18mm.

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