12/28/2023 0 Comments Helium shortage 2019 causeOur initial analysis has demonstrated that there is potential for economic helium production in two of the three target zones. "The team is excited to have completed our first exploration well in Greater Knappen. With Avanti’s drilling program off to what appears to be a successful start with up to six wells planned to be drilled in the initial exploration phase, here are some important things we think investors should know about Avanti Energy’s Drilling Campaign.Īvanti’s maiden helium well open-hole logging indicated five zones with reservoir characteristics (good porosity and low water saturation) suggesting further testing is warranted.ĭrill stem tests were also performed to high-grade zones for completions and two of the targeted zones showed economic helium potential. The great news: the first well indicates a smashing success.Īvanti says the Rankin 01-17 well was successfully drilled to a depth of 5,860 feet and encountered all the targeted zones for helium potential. ![]() ( TSX:AVN.V OTCMKTS:ARGYF ) has announced the completion of its first helium well in its initial three-well program in its 100%-operated Greater Knappen property that extends from Montana to Alberta, Canada-which could be one of the best prospects for securing future helium supplies. It’s against this backdrop that early mover Avanti Energy Inc. Scientists have been forced to shut down their superconducting magnets for lack of helium…while refiners have been limited to drawing amounts well below their requirements since 2017.Ī helium supply crunch may be growing more critical with each passing day… and oil and gas executives are now said to be looking for this precious rarefied gas that is used for everything from rocket ships to computer chips. This script has played out numerous times with commodities including cobalt, rare earths, vanadium, potash, graphite, and even marijuana.īut the script may be playing out very differently with the latest commodity to fall on Wall Street’s radar: helium.Īs one of the rarest yet most valuable and indispensable elements on our planet, the world is quickly coming to grips with one of the biggest supply squeezes of our times as severe helium shortages continue pushing prices up. ![]() ![]() Soon thereafter, dozens or even hundreds of natural resource companies, both large and small, quickly “pivot” to said commodity and the next thing you know a commodity bubble ensues before, eventually, bursting. Every few years or so, the investing universe gets word about a looming shortage of a certain-usually niche-commodity.
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