VANCOUVER, BC, Sept. 29, 2021 /CNW/ - Avanti Energy Inc.
(TSXV: AVN) (US OTC PINK: ARGYF) (the "Company") is pleased to
announce that the Company has finished evaluation of recently
acquired 3D seismic data (see press release dated September 23, 2021) 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 all reside over closed structural highs that
exhibit ~80m to >200m of relief
and are highly prospective for helium. As part of the comprehensive
geological evaluation of the area, core and log analysis indicate
excellent reservoir quality rock over multiple horizons in the
Upper Beaverhill Lake, Lower Beaverhill lake and Cambrian
formations. The team is focused on spudding its initial wells in
fall 2021 to target and test the potential of all three pay zones
and is proceeding with surface surveys and evaluations in
preparation for the upcoming drill program.
"The combination of our proprietary models and interpretation of
the 3D data set has allowed the Company to select multiple
attractive drilling targets and significantly de-risk our
exploration program," commented Chris
Bakker, CEO of Avanti Energy. "The team is
focused and moving rapidly to complete preparations for spudding
our first wells this year. We are excited about the discovery
potential within our helium projects which we also believe will be
one of the most significant milestones for Avanti."
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.
The Company is also pleased to announce that it has retained
Crescendo Communications, LLC ("Crescendo") as its investor
relations firm to help broaden awareness of Avanti within the North
American financial markets, pursuant to a consulting agreement
dated September 23, 2021.
Crescendo has been engaged by the Company starting October 1, 2021 and will be paid a monthly
retainer fee of US$10,000, plus
applicable taxes, and may be terminated by either party by giving
30 days written notice of such termination. Neither Crescendo
nor its principals own any securities of Avanti. The investor
relations agreement is subject to the approval of the TSX Venture
Exchange.
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.
About Crescendo Communications, LLC
Crescendo Communications, LLC, headquartered in New York City with offices and affiliates in
Europe and Asia, is an emerging leader within the
investor relations industry. The principals of Crescendo have
represented hundreds of companies across all market caps and
industries. The firm was founded on a strategic and professional
approach to investor relations that builds awareness of public
companies through tailored outreach programs that target
institutional investors, analysts, and the financial media.
Our approach is centered around properly educating investors
and cultivating trust in order to uphold and protect our clients'
long-term credibility and reputation on Wall Street.
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.