Business
AVANTI ENERGY ANNOUNCES SPUD OF FIRST HELIUM WELL ON GREATER KNAPPEN AREA IN MONTANA
AVANTI ENERGY ANNOUNCES SPUD OF FIRST HELIUM WELL ON GREATER KNAPPEN AREA IN MONTANA ...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n AVANTI ENERGY ANNOUNCES SPUD OF FIRST HELIUM WELL ON GREATER KNAPPEN AREA IN MONTANA\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 CALGARY, AB\n \n ,\n \n Dec. 30, 2021\n \n /CNW/ -\n \n Avanti Energy Inc. (\n \n TSXV: AVN) (OTC: ARGYF\n \n )\n \n (the \"Company\") is pleased to announce that it will spud the Company's first helium well today, Rankin 01-17, on its 100%-owned Greater Knappen area, located in\n \n Montana\n \n .\n \n \n The Rankin 01-17 well is expected to take approximately 14 days to reach a total depth of ~6,100 feet. The location exhibits a structural high with the potential for multiple pay zones and is the first of three exploration wells targeting distinct structures in both the Devonian and Cambrian formations.  Once Rankin 01-17 drilling is completed, the T&S Drilling rig and crew will move immediately to the Company's second well location in Greater Knappen.\n \n \n \"Spuddng the first of three appraisal wells in Greater Knappen is a significant milestone for our Company,\" said\n \n Chris Bakker\n \n , CEO of Avanti Energy.  \"We have reviewed dozens of opportunities in the past year and selected this as a high priority area for the Company's inaugural drilling program.  To have assembled the land, completed the internal systems required to undertake an initial multi-well helium drill program and be spudding before year end is an achievement of which the entire team is incredibly proud.\"\n \n \n \n Greater Knappen Area Highlights:\n \n \n \n \n ~69,000 acres of potential helium-rich properties across both\n \n Montana\n \n and\n \n Alberta\n \n , over which the Company maintains 100%-ownership.\n \n \n 10 closed structural highs, exhibiting relief of\n \n 70m\n \n to >\n \n 200m\n \n , that are ideal for trapping helium.\n \n \n In 2021 helium production commenced from a well drilled in the immediate area by a separate company, from the same zones targeted by Avanti's technical team, further validating the Company's model.\n \n \n Other wel...