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Avanti Energy Confirms Montana Helium Discovery

Avanti Energy has completed an acidisation and and clean-up process of the Flathead Cambrian zone on its WNG 11-22 well, after which the well peaked a flow rate of over 4 mmcf/d for six days. Preliminary lab results of the Cambrian Zone indicate a helium concentration of 1.1% and 97.5% nitrogen. Based on these results, the Company is pursuing a small facility design based on an inlet production rate of 5 mmcf/d of raw gas, resulting in an estimated 55 mcf/d of net helium (~20 liquid ISOs of helium per annum). There are no details on the reserve potential and the size of the structure appears to be fairly small.

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US Energy Delves into Kevin Dome Exploration Plans

On an analyst call, US Energy Corp management talked about its plans for its recently acquired Montana helium asset. The asset is situated on a greater than 100-mile anticline structure known for its

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