Vvc Exploration Corporation · TSXV:VVC
Vvc Exploration — Corporate Update (April 2024)
17 slides from Vvc Exploration's corporate update, April 2024
Slide 1: VVC Project Update
WE Resources WAVAGs Webinar VVC Project Update With Jim Culver, CEO & President of VVC
Slide 2: Agenda
AGENDA 1. Helium Projects Progress Report 2. Some Helium Exploration Insights 3. Unlocking Opportunities: Oil Project Test 4. Helium, Natural Gas & Oil Market Price Observations 2
Slide 3: VVC US Projects Map
VVC US PROJECTS MAP VVC Helium & Natural Gas Project VVC Oil Project Syracuse - Hamilton, KS Monarch - Greeley, KS Moore-Johnson - Greeley, KS LF - Greeley, KS CO KS Stockholm - Wallace, KS State Line - Hamilton, KS Ardery- Haskell, KS Extension CO - Cheyenne, CO 3
Slide 4: Syracuse, Moore-Johnson & Stockholm KS Projects Wells
SYRACUSE, MOORE-JOHNSON & STOCKHOLM KS PROJECTS WELLS Morrow & Chase Structures The Morrow & Chase structures are geologic structures found in various regions of North America, including parts of Colorado, Kansas, New Mexico, Oklahoma, Texas, and Wyoming and are significant formations in the oil and
Slide 5: VVC Helium & Natural Gas Projects
VVC HELIUM & NATURAL GAS PROJECTS Project Acres Geological Status Production Stage Leased Formation Syracuse KS Wells: 4 Connected and 11 16,400 Chase In Production producing, Completing 4 Stockholm KS 2 2 Drilling Josephine Mack 2 Permitted - waiting 3,000 Morrow 18 Well on drill 3 Moore-Johnson KS
Slide 6: Syracuse Kansas Wells & Infrastructure
4 SYRACUSE KANSAS WELLS WELLS PRODUCING GAS & INFRASTRUCTURE 4 WELLS IN COMPLETION PHASE 0 WELLS DRILLED PERFORATED AND READY FOR COMPLETION PHASE 1 WELL COMPLETED BUT SHUT IN AWAITING REPAIR 3 WELL SITES PERMITTED AND CONSTRUCTED 3 WELL SITES PERMITTED 15 MILE INTERNAL GAS GATHERING 17 SYSTEM PIPEL
Slide 7: Stockholm KS Wells
STOCKHOLM KS WELLS 1 Test well in process Stockholm Test Well is being drilled adjacent to a historical well that tested helium and natural gas. 3 Additional wellsites identified 12 Potential well sites If this well is successful we have identified 3 additional well sites in Stockholm and 12 potential
Slide 8: Moore-Johnson KS Wells
MOORE-JOHNSON KS WELLS 1 Test well In Planning The Moore-Johnson test well is Process being drilled adjacent to an historic well that tested natural gas and 3 helium but was never produced Additional wellsites identified 8 Potential well sites If this well is successful, we have identified 2 additiona
Slide 9: Helium Lessons Learned from Syracuse
HELIUM LESSONS LEARNED FROM SYRACUSE SYRACUSE ❖ $200/mcf contracted helium price makes Syracuse a lower priority asset FUTURE LEASE ❖ Low volume with moderate helium % further TARGETS lowers the priority of the asset ❖ Lack of control of the he processing is a PRESENT TARGETS negative Stockholm and
Slide 10: Unlocking Opportunities: Oil Projects
UNLOCKING OPPORTUNITIES: OIL PROJECTS VVC controls subsurface mineral rights in numerous areas of Southwest Kansas. These rights were acquired to extract Helium and NG. During the geologic due diligence process, the Team determined that in addition to Helium/NG, certain of the areas is also provide
Slide 11: Ardery Oil Project
ARDERY OIL PROJECT KANSAS Nearby VVC Operations = Efficiency VVC is actively developing helium & natural gas wells in this area and utilizing its existing operations team for well rework ARDERY Historic Regional Oil Production An area directly to the north of the project has produced 12M barrels of o
Slide 12: Ardery Project - Geologic Structure
ARDERY PROJECT - GEOLOGIC STRUCTURE The Ardery has oil shows in two distinct areas - Zone 1 and Zone 2. These zones are referred to as Morrow and St. Louis in the Geology Report. The estimated rework cost for the well is $300,000. That is the value of 4,000 bbls of oil Morrow 200 ft. wide based on t
Slide 13: Helium, Natural Gas & Oil Market Price Observations
HELIUM, NATURAL GAS & OIL MARKET PRICE OBSERVATIONS Helium prices appear to have stabilized in the $500 to $700 per mcf range for liquid helium (gaseous helium price are 10-20% less. New international projects have not materialized as expected. Natural gas prices are near decade lows, which has slow
Slide 14: Mark Your Calendars
UPCOMING VVC WEBINARS MARK YOUR MAY 2024 Unearthing Potential: A CALENDARS Roundtable on the Challenges and Opportunities in Oil Projects Late May 12:30 PM EST 14
Slide 15: Questions & Comments
QUESTIONS & COMMENTS info@vvcresources.com 15
Slide 16: Thank you for joining VVC's Webinar
Thank you for joining VVC’s Webinar vvcresources.com TSX-V:VVC OTCQB:VVCVF info@vvcresources.com 16
Slide 17: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes “forward-looking information” (Canada) or “forward-looking statements” (USA) with respect to a performance expectation for the Company. Such forw