02:58:19 EDT Fri 03 May 2024
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Avanti Helium Corp
Symbol AVN
Shares Issued 77,086,622
Close 2023-08-08 C$ 0.71
Market Cap C$ 54,731,502
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Avanti Helium adds Nadaraju as director

2023-08-09 14:37 ET - News Release

Mr. Chris Bakker reports

AVANTI HELIUM APPOINTS GENGA NADARAJU MSC. TO BOARD OF DIRECTORS

Avanti Helium Corp. has appointed Genga Nadaraju, MSc, to the company's board of directors to serve as a non-independent board member effective immediately.

Following her 25-year tenure at Encana Corp. (now Ovintiv Inc.), Ms. Nadaraju joined Avanti in 2021, as vice-president of subsurface. She also has served as a board member for the Canadian Energy Geoscience Association (CEGA) from 2021 to 2022. In addition to being a board member, Ms. Nadaraju will continue to lead the subsurface team at Avanti.

Ms. Nadaraju is a leader with 30 years of diverse professional experience in the oil and gas industry, including business development, asset exploitation/development, strategic planning and investor relations. Her technical expertise spans both the conventional and unconventional oil and gas plays in the Western Canadian sedimentary basin. As a development geologist, she worked on various plays, and drilled several hundreds of conventional and unconventional oil and gas wells in Alberta and British Columbia and was instrumental in the identification and drilling of the first Montney horizontal well that led to the current Montney Cutbank Ridge development in northeast British Columbia for Encana.

In 2004 she led a team of geologists, geophysicists and engineers to fully exploit and develop the Montney asset for Encana that resulted in the production growth from about 15 MMcf/d (million cubic feet per day) to over one Bcf/d (billion cubic feet per day) by 2015. As a technical team leader, she contributed to the presentation and marketing of Encana's oil, gas and mid-stream assets from 2011 to 2015 that resulted in the closing of several deals, value ranging from $400-million to $2.9-billion. In 2017 Ms. Nadaraju founded an industry best practice group (Montney Producers Group) that comprised 16 energy companies, creating a venue to openly discuss and exchange technical knowledge.

Ms. Nadaraju brings strong project management and organizational skills to interact effectively with all stakeholders, both internally and externally. She holds a bachelor's degree in geology from the College of Wooster, Ohio, and an MSc degree in geology from the University of British Columbia, Vancouver.

"I am very pleased that Genga has accepted our offer to join the Avanti board," commented Chris Bakker, Avanti chief executive officer. "We have worked together in various capacities for nearly two decades and I have the highest regard for her professionalism and integrity."

About Avanti Helium Corp.

Avanti Helium 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 helium trapped in structures 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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