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Avanti Energy Receives Drill Permits for First Three Wells of its Helium Exploration Program in Montana
Avanti Energy Receives Drill Permits for First Three Wells of its Helium Exploration Prog...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n Avanti Energy Receives Drill Permits for First Three Wells of its Helium Exploration Program 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. 6, 2021\n \n /CNW/ -\n \n Avanti Energy Inc.\n \n (TSXV: AVN) (OTC: ARGYF) (the \"Company\") is pleased to announce that it has received drill permits from the\n \n Montana\n \n Board of Oil and Gas Conservation to drill its first three wells in the region of\n \n Montana\n \n at the Company's Greater Knappen property.\n \n \n The initial three wells, Fey 06-33, Rankin 01-17, and Western NG 11-22, will target three separate possible pay zones: two in the Beaverhill Lake formation and one in the Basal Sandstone formation. The drilling targets exhibit structural highs with relief up to\n \n 150m\n \n and plan to be  drilled to a depth of ~1,850m (6,000 feet). Lease construction is underway and the Company expects to spud the first well in the coming weeks. Previously drilled wells surrounding Avanti's lands have high helium shows in multiple Devonian and Cambrian targets with helium percentages of up to 2% and nitrogen percentages of up to 96%.\n \n \n \"We are very pleased to have been granted our drill permits by the\n \n Montana\n \n Board of Oil and Gas Conservation so quickly following our application and this serves as another example of why\n \n Montana\n \n is a business-friendly jurisdiction,\" said\n \n Chris Bakker\n \n , CEO of Avanti Energy.  \"Receiving the first three of many drill permits marks another important milestone for Avanti as we move to quickly advance Greater Knappen, our first core property.  Our technical team is excited to move forward with our drilling program to confirm our geological interpretation and realize the helium potential of the property.\"\n \n \n \n Greater Knappen 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...