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Avanti lets contract for pre-FEED study of Montana development

Avanti Energy has selected Journey Engineering to provide engineering services for a pre-FEED study for a helium processing facility for Avanti's discovery well - WNG 11-22, to ensure it can be brought into production as quickly as possible. Avanti also contracted Calgary-based NL Fisher as a drilling and completions engineering consultant for Avanti’s drilling program in Canada and specifically at its Aden property in southern Alberta. It has also repriced its share options down by ~50% (related to staff compensation) after the share price has declined by >50% in the last year.

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