Avanti Energy Inc. announced that it has entered into binding agreements on two additional properties totalling approx. 50,000 acres of land in Montana. The properties are prospective for the potential discovery of helium, and the company is moving forward to complete final due diligence on the acquisitions. The properties feature several closed structural highs, ideal for the trapping of helium, that exhibit 70m to 170m of relief. Surrounding wells have helium shows in multiple Devonian and Cambrian targets with helium percentages of up to 2%. Area helium shows are associated with favourably high nitrogen percentages of up to 96%. Area well log and core analyses indicate excellent reservoir quality in Devonian and Cambrian target intervals.
Avanti to Acquire ~50,000 Acres of Helium Exploration land in Montana
Updated: 5 days ago