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AVANTI ENERGY COMPLETES INITIAL TESTING ON RANKIN 01-17 HELIUM WELL ON GREATER KNAPPEN IN MONTANA
AVANTI ENERGY COMPLETES INITIAL TESTING ON RANKIN 01-17 HELIUM WELL ON GREATER KNAPPEN IN...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n AVANTI ENERGY COMPLETES INITIAL TESTING ON RANKIN 01-17 HELIUM WELL ON GREATER KNAPPEN 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 Jan. 24, 2022\n \n /CNW/ -\n \n Avanti Energy Inc.\n \n (TSXV: AVN) (OTC: ARGYF) (the \"Company\") is pleased to announce that it has completed initial open hole logging and drill stem testing (DST) on the Company's first helium well, Rankin 01-17, on its 100%-owned Greater Knappen property, located in\n \n Montana\n \n .\n \n \n The Rankin 01-17 well was successfully drilled to a depth of 5,860 feet and encountered all the targeted zones for helium potential. Open hole logging indicated five zones with reservoir characteristics (good porosity and low water saturation) suggesting further testing is warranted. Drill stem tests were performed to high-grade zones for completions and two of the targeted zones showed economic helium potential.  Subject to further analysis and lab results, the preliminary DST information encourages completing the zones identified for helium. Completions and production testing will determine the economic viability of the well. The Rankin 01-17 well is being cased to total depth, and the rig is moving to WNG 11-22, the Company's second well location in Greater Knappen. 3D seismic over the WNG 11-22 location has allowed the technical team to map the Precambrian highs which indicates structural closure over all three target zones.\n \n \n \"The team is excited to have completed our first exploration well in Greater Knappen,\" commented\n \n Ali Esmail\n \n , Avanti VP Engineering.  \"Our initial analysis has demonstrated that there is potential for economic helium production in two of the three target zones.  Following additional analysis by the technical team, our completions program will further define the economics of the well as we continue to develop the economic potential of Greater Knappen.\"\n \n \n \n About Greater Knappen Area:\n \n \n \n \n ~69,000 acres of po...