VVC Exploration completes purchase of Ithaca 1-17 well

Executive Summary

• VVC Resources (through subsidiary Plateau Helium Corp.) completed the purchase of the Ithaca 1‑17 producing well and ~5 mi of associated pipeline in Rush County, Kansas.
• The acquisition gives VVC a 50 % operating interest in the well and immediate mid‑stream capacity, lowering development costs and accelerating cash‑flow generation from helium‑rich natural gas.
• The deal expands VVC’s leasehold and infrastructure footprint within the Central Kansas Uplift (CKU) development area, supporting future drilling programs.

Key Details

• Asset Acquired: Ithaca 1‑17 well plus approximately five miles of gathering pipeline located in Rush County, Kansas.
• Operating Interest: VVC holds a 50 % operating interest in the acquired well.
• Acquisition Timeline: Initiated April 2025; possession taken July 2025; purchase completed as announced.
• Strategic Rationale: Provides immediate production capability and mid‑stream infrastructure, reducing initial development expenditures and expediting gas/helium sales to generate cash flow.
• Project Context: Part of the Central Kansas Uplift (CKU) helium‑rich natural gas project; VVC now has a meaningful lease position, one producing asset, and identified multiple future well locations in Rush and Pawnee counties.
• Quote: “Building on a producing asset while securing mid‑stream capacity is a practical way to derisk our development program in the CKU,” said Bill Kerrigan, President of VVC and PHC.

Notable Quotes

• “The Ithaca 1‑17 well and pipeline give us a backbone to bring wells on line more efficiently.” – Bill Kerrigan, President, VVC Resources Corp.