VANCOUVER, BC, Sept. 23, 2021 /CNW/ - Avanti Energy
Inc. (TSXV: AVN) (US OTC PINK: ARGYF) (the "Company") 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, have been identified with the limited deep well control
(see press release dated September
15, 2021). Early interpretation of the data set has
confirmed the presence of structural closures.
"This was an important acquisition and we are very pleased with
the quality of the 3D data shot in 2006. We are excited
to complete our review of this key data to help steer our
exploration plan and delineate potential drill targets. Our
team is focused on quick execution, including identifying any
environmental mitigation measures as we move towards our fall
drilling activities," stated Genga
Nadaraju, VP Subsurface Geology.
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.
About Avanti Energy
Avanti Energy is focused on the exploration, development and
production of helium across western Canada and the
United States. Avanti's professional oil and gas exploration
and production team is actively targeting untapped potential helium
reserves to help meet the increasing global demand for an
irreplaceable and scarce element critical to advanced technology,
medical and space exploration industries. For more information,
please go to the Company's website
at www.avantienergy.com.
Forward-Looking Statements
The information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. The Company cautions that all
forward-looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond the Company's control. Such factors include,
among other things: risks and uncertainties relating to the
Company's limited operating history and the need to comply with
environmental and governmental regulations. Accordingly, actual and
future events, conditions and results may differ materially from
the estimates, beliefs, intentions and expectations expressed or
implied in the forward-looking information. Except as required
under applicable securities legislation, the Company undertakes no
obligation to publicly update or revise forward-looking
information.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
SOURCE Avanti Energy Inc.