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Calgary, AB, December 30, 2021 / CNW /- Avanti Energy Corporation (TSXV:AVN) (Over-the-counter transactions:file) (“Company”) is pleased to announce that today it will excavate the company’s first helium well, Rankin 01-17, in the Great Knappen area, which is 100% owned by it. Montana.
The Rankin 01-17 well is expected to take approximately 14 days to reach a total depth of approximately 6,100 feet. This location shows a high level of structure with potential for multiple pay zones, and is the first of three exploration wells for different structures in Devonian and Cambrian strata. After the Rankin 01-17 drilling is completed, the T&S drilling platform and crew will immediately be transferred to the company’s second well in Greater Knappen.
“The excavation of the first of three appraisal wells in Greater Knappen is an important milestone for our company.” Chris Barker, CEO of Avanti Energy. “We reviewed dozens of opportunities in the past year and selected them as a high priority area for the company’s first drilling program. In order to assemble the land and complete the required internal systems…
The full story on Benzinga.com
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