The Canadian province of Saskatchewan was at the heart of more positive news for the helium market on Tuesday (3rd May), with Avanti Energy having been granted three helium exploration permits for its exploration activities.
Totalling 63,000 acres, the acquired permits were granted from the Government of Saskatchewan and complement Avanti Energy’s existing holdings in Alberta, Canada, and Montana, US.
Each of the permits are in strategically targets areas for helium exploration, based on the company’s georgical models and technical assessment, and have had historical shallow oil and gas activity on or adjacent to them.
Genga Nadaraju, Vice-President of Subsurface at Avanti Energy, said, “With the permits in hand, the team can now start looking at acquiring seismic data, fine tune our geological mapping and put an exploration plan in motion.”
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