Helium Prospective land
The team has identified key areas for helium exploration in Southern Alberta and Montana and to date Avanti has successfully acquired ~78,000 acres of prospective helium acreage within the Greater Knappen area. The asset has multiple helium target intervals in Devonian and Cambrian.
Greater Knappen spans an area of ~78,000 acres. Gas analysis from multiple zones exhibits helium concentrations up to 2.18% and nitrogen up to ~98%. Knappen is one of our strategic targeted areas with nitrogen-rich helium in multiple zones. The presence of several deep structural closures in the area is ideal for trapping helium in economic quantities.
The asset has multiple helium target intervals in the Devonian and Cambrian formations. Knappen resides in an area with confirmed reservoir rock and multiple DST’s with analyzed gas, and the potential for viable helium reservoirs over a larger basement structure.
Avanti has drilled 2 wells to date in the Greater Knappen, resulting in a major helium discovery. The completion results of the Cambrian Flathead formation yielded over 4MMcf/d total gas with 1.1% Helium and 97.5% Nitrogen. DSTs in the Souris River also confirmed 1.2 % He and ~92 % Nitrogen. Completion operations and evaluations are ongoing. Journey Engineering has been contracted to provide engineering services for pre-FEED (front end engineering and design) study for a helium processing facility for the discovery well with the goal of bringing the well into production as quickly as possible. Avanti is also proceeding with drilling plans for appraisal wells to determine the areal extent of the reservoir on the discovery well.
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