Business
AVANTI ENERGY CONFIRMS HELIUM SHOWS OF UP TO 1.1% FROM ITS TWO WELLS IN GREATER KNAPPEN
AVANTI ENERGY CONFIRMS HELIUM SHOWS OF UP TO 1.1% FROM ITS TWO WELLS IN GREATER KNAPPEN ...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n AVANTI ENERGY CONFIRMS HELIUM SHOWS OF UP TO 1.1% FROM ITS TWO WELLS IN GREATER KNAPPEN\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.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Feb. 17, 2022\n \n /CNW/ -\n \n Avanti Energy Inc.\n \n (TSXV: AVN) (OTC: ARGYF) (the \"Company\") is pleased to announce the Company has received additional data for both Rankin 01-17 and WNG 11-22 on its Greater Knappen property, located in\n \n Montana\n \n .\n \n \n \n Highlights from WNG 11-22\n \n \n The\n \n pre-completion\n \n Drill Stem Test results for WNG 11-22 well saw a flow rate of 2.6 MMscf/day and 600 psig surface pressure from the primary target zone, the Flathead Sandstone.  This zone showed 35ft of net pay with porosity up to 16%, and low water saturation. Multiple gas samples from the Flathead sandstone were sent to the lab for analysis. They confirmed the presence of 1.05% helium and 98% nitrogen resulting in a gas-stream that can be easily refined into high-grade sales quality helium.\n \n \n The secondary target in the Souris River formation showed 42ft of net pay with porosity of up to 16%, and helium concentrations of 1.1% based on multiple samples. The company expects significant upside from the Souris River after completing the well. The WNG 11-22 well confirmed the presence of a potentially large helium reservoir over a twin structure in Greater Knappen. The Company will be evaluating additional appraisal and development well locations to be drilled over the structures.\n \n \n \n Highlights from Rankin 01-17\n \n \n Rankin 01-17 well showed some drilling induced formation damage. Flow rates are likely to significantly improve once the well is completed and stimulated. The Primary target zone is in the Souris River Formation with two intervals totalling 35ft of net pay with porosity of up to 17%. Gas analyses showed helium concentrations up to 0.41% indicating potential economic volumes. The Company is evaluating completions plans to clean up the formations for proper flow testing, and f...