Avanti Energy Inc.

Description

Avanti Energy Inc. is a junior energy company that operates in the oil and gas industry. Avanti Energy primarily operates the helium business across the United States and western Canada. Avanti Energy Inc. is a public listed company on the TSX Venture Exchange market, with its common shares trading under the ticker symbol AVN.

In addition to the TSXV, the Calgary-based energy producer is listed and trades its common stock on the Over the Counter (OTC) market in the United States under the stock symbol ARGYF. The operations of Avanti Energy include the exploration and development of helium assets to extract and produce helium.

The asset portfolio of Avanti Energy Inc. consists of two prime assets.

The Greater Knappen Project is comprised of nitrogen-rich helium zones situated within Knappen County, Alberta. The company thoroughly screened the geological data to discover crucial helium accumulation, and finally, the company acquired some 69,000 acres of land in the Knappen region. Avanti Energy owns a 100 per cent stake in the project and it has acquired 2D and 3D data of the region.

The Aden Project is comprised of a closed structured high area containing helium and nitrogen. The project includes a prospective land of approximately 2,500 acres, 100 per cent owned by Avanti. The Aden Project hosts various helium prospects in the form of the Devonian and Cambrian systems.

The previous exploration program, including 2D seismic lines led by the company, indicated a significant helium potential. Additionally, the company has also started an environmental review to undertake further drilling operations for the last two quarters of 2021.

Helium is vital to the medical (heliox, MRI machines and cryogenics), aerospace, technology (computers and quantum computing), automobile and industrial sectors. Avanti Energy mentions on its website that the helium market is expected to reach $18.18 billion by the year 2025. Thus, the company is focused on the exploration and development operations of high potential helium deposits to tap the market opportunities offered by helium production. In a press release dated June 14, Avanti Energy Inc. signed a binding agreement to acquire two prospective helium properties in Montana with a combined total land area of some 50,000 acres.