Avanti Energy Finds 17 Drilling Targets for Helium Exploration
Avanti Energy, Inc., a Vancouver-based company, has outlined 17 initial drill targets in Montana. They have recently finished their evaluation of recently acquired 3D seismic data and the results support their helium exploration models.
The drill targets reside over closed structural highs that exhibit ~80m to >200m of relief and are highly prospective for helium. The comprehensive evaluation of the area, core, and log analysis indicate excellent reservoir quality rock. The next phase of Avanti’s plan is to spud their initial wells in late 2021 with the purpose of targeting and testing the potential of all three pay zones. They will also proceed with surface surveys and evaluations to prepare for this upcoming drilling.
Helium has been in short supply as of late, with markets experiencing massive shortages. There are still pockets of helium stored within the earth, and Avanti is determined to develop large-scale projects to extract hese, as efficiently as possible.
Between Avanti’s proprietary models and the interpretation of this 3D data set, the company has been able to select attractive drilling targets, a move which significantly de-risks their exploration programs. In addition to this update, Avanti has retained Crescendo Communications, LLC to work on investor relations, broadening the awareness of Avanti within the North American financial markets.
With this great progress in Montana, Avanti continues to evaluate multiple opportunities across Western Canada and the United States to build an industry-leading helium company with a premier portfolio of prospective lands.
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