Avanti Energy Inc. announced that it has completed initial open hole logging and drill stem testing (DST) on the Company's first helium well, Rankin 01-17, on its 100%-owned Greater Knappen property, located in Montana. The Rankin 01-17 well was successfully drilled to a depth of 5,860 feet and encountered all the targeted zones for helium potential. Open hole logging indicated five zones with reservoir characteristics (good porosity and low water saturation) suggesting further testing is warranted.

Drill stem tests were performed to high-grade zones for completions and two of the targeted zones showed economic helium potential. Subject to further analysis and lab results, the preliminary DST information encourages completing the zones identified for helium. Completions and production testing will determine the economic viability of the well.

The Rankin 01-17 well is being cased to total depth, and the rig is moving to WNG 11-22, the Company's second well location in Greater Knappen. 3D seismic over the WNG 11-22 location has allowed the technical team to map the Precambrian highs which indicates structural closure over all three target zones.