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Avanti Energy Acquires Additional Strategic Land Leases in Alberta with Historic Helium Showings of up to 2%
Avanti Energy Acquires Additional Strategic Land Leases in Alberta with Historic Helium S...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n Avanti Energy Acquires Additional Strategic Land Leases in Alberta with Historic Helium Showings of up to 2%\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n May 10, 2021\n \n /CNW/ - Avanti Energy Inc. (TSXV: AVN) (US OTC PINK: ARGYF) (the \"Company\") is pleased to announce that it has now acquired a strategic land package under lease from the government of Alberta.  The property is highly prospective for potential helium extraction, and the Company is moving forward with a more detailed analysis to identify optimal well locations.\n \n \n \n Highlights:\n \n \n \n \n Multiple surrounding wells have helium shows of up to 2%.\n \n \n Previously abandoned wells on the property with high Nitrogen tests from Devonian and Cambrian formations at ~95%.\n \n \n A closed structurally high feature with over 75 meters of relief, ideal for trapping of helium, is present over most of the ~2,500-acre property.\n \n \n Multiple helium target intervals in the Devonian and Cambrian formations.\n \n \n Avanti's technical team will now move into a detailed evaluation phase to identify optimally positioned well locations.\n \n \n \n The newly acquired project resides over an area with a closed structural high that is ideal for trapping helium and multiple helium shows have been identified in and around the property with shows up to 2%. Previously drilled oil and gas wells on the property show high nitrogen content of ~95% in multiple zones. Nitrogen at this concentration is important because it is often associated with producible quantities of helium and the production of helium is a relatively simple process.  The technical team is already moving into a more detailed evaluation phase with the goal of drilling exploration wells later this year.\n \n \n \n \"The acquisition of this property is exciting and fits within our strategy of acquiring targeted land packages that are highly prospective for helium development,\" commented\n \n Chris Bakker\n \n , Avanti Energy CEO. \"Because the property has ...