CALGARY, AB, March 29, 2022 /CNW/ - Avanti Energy Inc. announces that it has granted 935,000 stock options to certain consultants, directors and officers of the Company. The options are exercisable at a price of $1.36, 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 [...]
Avanti Energy Inc. is pleased to announce that it has successfully closed its previously announced bought deal public offering of 8,414,550 units of the Company at a price of $1.23 per Unit for aggregate gross proceeds of $10,349,896.50 . This amount includes gross proceeds from the full exercise of the over-allotment option granted to the Underwriters to purchase an additional 1,097,550 Units from the Company. Avanti [...]
Avanti Energy Inc. is pleased to announce that it has commenced completions operations on its WNG 11-22 Helium well in Greater Knappen, Montana. The Company will flow test three potentially commercial productive helium bearing zones. The test results will provide important data to support upcoming resource estimates, including flows, pressures, and reservoir fluid helium concentrations. Additionally, testing results will [...]
Feb. 23, 2022 /CNW/ - Avanti Energy Inc. is pleased to announce that it has agreed with the syndicate of underwriters, led by Cormark Securities Inc. and Beacon Securities Limited , to increase the size of its previously announced bought deal public offering of units. The Company will now issue 7,317,000 units of Avanti at a price of $1.23 per Issued Unit, for gross proceeds to the Company of approximately $8,999,910 [...]
Avanti Energy Inc. is pleased to announce that it has entered into an agreement with a syndicate of investment dealers co-led by Cormark Securities Inc. and Beacon Securities Limited , which have agreed to purchase, on a bought deal basis, 4,065,000 units of Avanti at a purchase price of $1.23 per Unit , for aggregate gross proceeds in the amount of approximately $4,999,950 . Each Unit will consist of one common share of [...]
Avanti Energy Inc. is pleased to announce the Company has received additional data for both Rankin 01-17 and WNG 11-22 on its Greater Knappen property, located in Montana. Highlights from WNG 11-22 The pre-completion Drill Stem Test results for WNG 11-22 well saw a flow rate of 2.6 MMscf/day and 600 psig surface pressure from the primary target zone, the Flathead Sandstone. This zone showed 35ft of net pay with porosity [...]
Avanti Energy Inc. is pleased to announce that it has successfully completed the initial testing on its second helium well, WNG 11-22, on its Greater Knappen project, located in Montana. Open hole logging of WNG 11-22 confirmed excellent reservoir quality sand in all three target zones. The Basal Cambrian sand exhibits 35ft of net pay with porosity up to 16%. The Souris River has two intervals totalling 42ft net pay with [...]
CALGARY, AB, Feb. 3, 2022 /CNW/ - Avanti Energy Inc. is pleased to announce that it has successfully completed the drilling phase of its second helium exploration well, WNG 11-22, on its Greater Knappen project, located in Montana. The WNG 11-22 well has now been drilled to a total depth of 5,390 feet and has identified multiple potential helium zones. Avanti's technical team is proceeding with open hole logging and drill [...]
Avanti Energy Inc. is pleased to announce that earlier today the Company's second helium well, WNG 11-22, was spudded on its Greater Knappen property, located in Montana. The WNG 11-22 well is expected to take approximately 14 days to reach a total depth of ~5,400 feet. The location exhibits a structural high with the potential for multiple pay zones and is the second exploration well targeting distinct structures in both [...]
Avanti Energy Inc. is pleased to announce that it has completed initial open hole logging and drill stem testing on the Company's first helium well, Rankin 01-17, on its 100%-owned Greater Knappen property, located in Montana. The Rankin 01-17 well was successfully drilled to a depth of 5,860 feet and encountered all the targeted zones for helium potential. Open hole logging indicated five zones with reservoir [...]
Avanti Energy Inc. is pleased to announce that it has successfully completed the drilling phase of its first helium well, Rankin 01-17, on its 100%-owned Greater Knappen project, located in Montana. The Rankin 01-17 well has now been drilled to a total depth of 5,860 feet and has identified multiple potential helium zones. Avanti's technical team is proceeding with open hole logging and drill stem testing of the [...]
Avanti Energy Inc. is pleased to announce that it will spud the Company's first helium well today, Rankin 01-17, on its 100%-owned Greater Knappen area, located in Montana. The Rankin 01-17 well is expected to take approximately 14 days to reach a total depth of ~6,100 feet. The location exhibits a structural high with the potential for multiple pay zones and is the first of three exploration wells targeting distinct [...]
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