Avanti Energy Inc. 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. 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 [...]
Avanti Energy Inc. is pleased to announce that it has entered the drilling phase of operations at its 100%-owned Greater Knappen land holdings in Northern Montana. Avanti has commenced surface operations and is finalizing surveys prior to starting its initial drilling program. Greater Knappen Highlights: ~69,000 acres of potential helium-rich properties, over which the Company maintains 100%-ownership. 10 closed [...]
Avanti Energy Inc. is pleased to announce that the Company has finished evaluation of recently acquired 3D seismic data which supports its helium exploration models, including Avanti's proprietary models, of the Greater Knappen area. The technical team has outlined 17 initial drill targets in this core area and is moving towards drill testing the potential as part of the Company's 2021 drilling program. The drill targets [...]
Avanti Energy Inc. is pleased to announce that it has now acquired 3D seismic data covering a significant portion of its land holdings in Montana. Avanti purchased the license from one of Canada's largest oil and gas producers for a 27.15 square mile 3D seismic survey, saving money and time versus shooting new 3D seismic. The seismic data covers the area where several structural highs, ideal for the trapping of helium [...]
Avanti Energy Inc. is pleased to announce that it has completed its due diligence on the acquisition of Montana properties previously announced on June 14, 2021, and July 22, 2021. Upon completion of satisfactory due diligence, Avanti proceeded to sign definitive agreements for ~50,000 acres of land in Montana that are highly prospective for helium. The Company is moving forward in preparation for drilling activities [...]
Avanti Energy Inc. is pleased to announce that it has closed its previously announced non-brokered private placement financing to a single, strategic subscriber to raise gross proceeds of $1,500,000 from the sale of 882,352 common shares of the Company at a price of $1.70 per common share . All securities issued under the Financing are subject to a four-month and one day statutory hold period expiring on January 14, 2022 [...]
Avanti Energy Inc. is pleased to announce it plans to undertake a non-brokered private placement financing to a single, strategic subscriber to raise gross proceeds of $1,500,000 from the sale of 882,353 common shares of the Company at a price of $1.70 per common share. Chris Bakker, Avanti CEO, commented, "We are delighted to welcome this strategic investor at such a pivotal time for Avanti. With this investment, the [...]
Avanti Energy Inc. is pleased to announce that it has granted 1,250,000 stock options to certain consultants, directors and officers of the Company. The options are exercisable at a price of $1.64, have a term of five years and may be subject to certain vesting provisions as determined by the board of directors. About Avanti Energy Avanti Energy is focused on the exploration, development and production of helium across [...]
Avanti Energy Inc. is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company in the United States. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through [...]
Avanti Energy Inc. is pleased to announce that it has appointed Mr. Jody Denis as Senior Drilling and Completions Manager, to oversee the Company's drilling programs in both Alberta and Montana. Jody Denis P.Eng - Senior Drilling and Completions Manager Mr. Denis is an Engineer with over 19 years' experience in oil and gas drilling, new well completions, and productions optimization. Throughout his career as a drilling [...]
Avanti Energy Inc. is pleased to announce that it has entered into an agreement to acquire 15 new Montana gross sections with multiple structural closures. The new sections are in addition to Montana lands acquired earlier this year that are highly prospective for potential helium extraction. The Company is moving forward to complete final due diligence. Highlights: The additional sections of land have multiple structural [...]
Avanti Energy Inc. is pleased to announce that it has closed its previously announced oversubscribed non-brokered private placement by issuing 2,400,000 shares at $1.70 for gross proceeds of $4,080,000 . Chris Bakker, Avanti CEO, stated, "We would like to welcome our new shareholders who participated in the oversubscribed $4.08 million financing and thank existing shareholders who continue to support the Company by [...]
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