Core Insights - VVC Exploration Corporation, through its subsidiary Plateau Helium Corporation, has acquired the Ithaca 1-17 well and approximately five miles of associated pipeline in Rush County, Kansas, a region known for its helium, gas, and oil production [1][2] - The acquisition aims to enhance the company's position in the Central Kansas Uplift (CKU) project, which targets helium-rich natural gas and includes a significant lease position and multiple development well locations [2][3] - The existing gas gathering system acquired will reduce initial development costs and expedite the commencement of gas and helium sales, thereby improving cash flow [2][3] Company Overview - VVC Resources specializes in the exploration, development, and management of natural resources, focusing on materials essential for high-tech industries, including manufacturing, technology, medicine, and green energy [3] - The company's portfolio includes helium and industrial gas production in the western U.S., gold and associated metals operations in northern Mexico, and strategic investments in carbon sequestration and green energy technologies [3]
VVC – Purchase of Ithaca 1-17 Well and 5 Mile Pipeline
Globenewswire·2025-10-09 20:00