Appointment of Chief Development Officer

Voyager Life PLC

01 August 2024

 

1 August 2024

Voyager Life plc

("Voyager" or the "Company") 

Appointment of Chief Development Officer

Voyager is pleased to announce that Mike Whitlow has joined the Company as Chief Development Officer (non-board position) with immediate effect.  Mike, who joins on an interim basis, will work alongside CEO Nick Tulloch in developing the Company's operations as it refocuses on helium following its option to acquire M3 Helium Corp. ("M3 Helium"), as announced on 27 June 2024.

Nick Tulloch, Chief Executive Officer of Voyager, said: "I am pleased to welcome Mike to Voyager. His experience and skillset will assist the Company with progressing our proposed acquisition of M3 Helium and accelerating the development of its assets.  As we have previously described, M3 Helium has a number of opportunities and we are consequently expecting their operations in Kansas to increase during the second half of this year."

The Directors of the Company are responsible for the release of this announcement.

ENDS

Enquiries:

Voyager Life plc Nick Tulloch, CEO	Tel: [phone] http://voyagerlife.uk [e-mail]
SI Capital Limited (Broker) Nick Emerson/Nick Briers	Tel:  [phone]
Stanford Capital Partners LLP (Broker) Patrick Claridge/Bob Pountney	Tel:  [phone]/51
Brand Communications (Public & Investor Relations) Alan Green	Tel: [phone]

Overview of M3 Helium and the Hugoton North Play

Voyager announced on 27 June 2024 that it has entered into an option agreement to acquire the entire issued share capital of M3 Helium through the issue of 57,611,552 new ordinary shares in Voyager to M3 Helium's shareholders.  The exercise of the option will constitute a reverse takeover pursuant to AQSE Rule 3.6 of the Access Rule Book and is subject to, inter alia, publication of an admission document.

M3 Helium's North Play is part of the Hugoton gas field, one of the largest natural gas fields in North America.  The North Play potentially extends to 250 sections with recoverable gas, with each section being approximately 640 acres (one square mile).  Production to date has indicated a helium content of 1.25 per cent., a concentration that compares very favourably to other parts of the Hugoton gas field.  Analogous wells drilled by other operators within the North Play have averaged over 0.44 bcfg per well, meaning that, with four wells per section, M3 Helium estimates a potential of up to 440+ bcfg of recoverable gas across the entire area.  At a constant 1.25 per cent. helium content, M3 Helium estimates potential recoverable helium of over 5.5 bcf across the entire area.

As announced on 27 June 2024, there is no certainty that the Company's option to acquire M3 Helium will be exercised, nor that the enlarged group will successfully complete its re-admission to trading on the AQSE Growth Market.

FORWARD LOOKING STATEMENTS

This announcement includes "forward-looking statements" which include all statements other than statements of historical facts, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations, or any statements preceded by, followed by or that include the words "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "would", "could" or "similar" expressions or negatives thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. These forward-looking statements speak only as at the date of this announcement. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based unless required to do so by applicable law.

This communication is a "Reach" announcement. Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained in this announcement is of a non-regulatory nature. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

 

END