01:19:14 EDT Sat 10 Jun 2023
Enter Symbol
or Name

Avanti Energy Inc (4)
Symbol AVN
Shares Issued 49,656,432
Close 2022-03-31 C$ 1.32
Recent Sedar Documents

Avanti to begin Souris zone completions on April 4

2022-03-31 14:40 ET - News Release

An anonymous director reports


Avanti Energy Inc. has provided an update on the development and drilling plan of its Greater Knappen property.

The completions and testing of the Flathead (Cambrian) zone of the WNG 11-22 well has progressed well. The company will initiate completions on the two Souris River zones on or around April 4, 2022, and expects to provide updated information, including helium concentration and tested flow rates, on the Flathead shortly thereafter.

The early results of the WNG 11-22 well have led the company to start planning for an appraisal well to delineate the size of the reservoir and assist with the reserves estimation.

The company is also planning for its next exploration well that will test another of the 10 identified structures in the Greater Knappen property. The two-well program is targeted to kick off in mid-June. Avanti is also in the process of qualifying engineering firms to assist with the design, procurement and construction of helium purification facilities for the WNG 11-22 well.

The foregoing information is a directional update and subject to supply chain, legal and regulatory efforts and other normal uncertainties associated with exploration.

About Avanti Energy Inc.

Avanti Energy is focused on the exploration, development and production of helium across Western Canada and the United States. Avanti's professional oil and gas exploration and production team is actively targeting untapped potential helium reserves to help meet the increasing global demand for an irreplaceable and scarce element critical to advanced technology, medical and space exploration industries.

We seek Safe Harbor.

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