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Avanti Engages Drilling Contractor for First Three Wells of its Helium Exploration Program in Montana
Avanti Engages Drilling Contractor for First Three Wells of its Helium Exploration Progra...
About this update from Avanti Helium Corp.
[{"type":"text","content":"\n \n \n \n Avanti Engages Drilling Contractor 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 Nov. 9, 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 contracted T&S Drilling for its initial three well drilling program at its 100%-owned Greater Knappen land holdings in Northern Montana.\n \n \n The initial drilling program is scheduled to spud in early December and will target three separate pay zones, two in the Beaverhill Lake formation and one in the Basal Sandstone formation. The drilling targets exhibit structural highs with relief of\n \n 70m\n \n to >\n \n 200m\n \n . 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 \n Chris Bakker\n \n , CEO of Avanti, commented, \"We are excited to have engaged T&S Drilling and now have a clear line-of-sight to spudding our first well and unlocking the significant potential of Greater Knappen. Management's technical interpretation of just 7 of the 10 structures suggest an estimated un-risked and undiscovered resource potential of between 1.4 and 8.9 billion cubic feet of recoverable helium.\"\n \n \n Avanti continues to evaluate multiple opportunities across\n \n Western Canada\n \n and\n \n the United States\n \n to build an industry-leading helium company with a premier portfolio of prospective lands.\n \n \n The Company has also retained B2I DIGITAL, Inc. (\"B2I\") to provide digital marketing advisory services to Avanti pursuant to a consulting agreement (the \"Agreement\") dated\n \n November 2\n \n , 2021.  B21 has been engaged to assist the Company in broadening awareness to the investing community (the \"Services\").\n \n \n B21 and its principal,\n \n David Shapiro\n \n , do not curren...