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Avanti Energy Acquires Key Land Licenses in Alberta with Historic Showings of Over 2% Helium
Avanti Energy Acquires Key Land Licenses in Alberta with Historic Showings of Over 2% Hel...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n Avanti Energy Acquires Key Land Licenses in Alberta with Historic Showings of Over 2% Helium\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 March 29, 2021\n \n /CNW/ -\n \n Avanti Energy Inc.\n \n (TSXV: AVN) (US OTC PINK: ARGYF) (the \"Company\") is pleased to announce that it has now acquired over 6,000 acres under licenses from the government of Alberta. The property is highly prospective for helium and contains wells that were originally drilled for oil and natural gas.\n \n \n Highlights:\n \n \n \n A previously abandoned natural gas well on the property, drilled by a Canadian major oil and gas company, showed 2.18 % helium and 96% nitrogen in the Cambrian, and 0.3% helium and up to 98% nitrogen in the Devonian.\n \n \n Offsetting wells have multiple tests in Cambrian and Devonian intervals with up to 1.79% helium and 83-93% nitrogen content.\n \n \n Drill stem tests (DSTs) in wells in and around the newly acquired land package indicate reservoir quality rock in the Cambrian and Ordovician zones.\n \n \n \n The newly acquired project resides in an area with confirmed reservoir rock and multiple DSTs with analysed gas.  A previously drilled well on the property tested gas with high helium content (2.18%) and high nitrogen content (96%). The high grade of helium gas showings of greater than 2% compare favourably to commercially viable grades ranging from 0.3% to 1%. The property fits well with helium tests in multiple nearby wells and the potential for viable helium reservoirs over a larger basement structure. The Company will continue to evaluate and map deeper Paleozoic zones in detail as mapping the basement structure will be crucial to high grading areas with structural or stratigraphic trapping of helium.\n \n \n \"Following a methodical and detailed review by our experienced technical team, we are excited to add this highly prospective property in\n \n Alberta\n \n to our current portfolio of helium projects,\" said Company consulting geologist\n \n Genga Nada...