AVANTI SIGNS MOU WITH TECNOPARCO

Wednesday January 14, 2015

Vancouver, British Columbia, January 14, 2015 Avanti Energy Inc. (TSXV: AVN) (“the Company”) is pleased to announce that it has signed a memorandum of understanding (“MOU”) with Tecnoparco Valbasento SpA (“Tecnoparco”) for the purpose of evaluating opportunities in the Basilicata Region of Italy.

Tecnoparco is the only Basilicata-based industrial utility with a long track record of operations in the Region, with substantial operations in Pisticci, where it provides over large industrial clients with utility services. Tecnoparco will provide engineering, operations, and distribution skills to the joint collaboration with Avanti.

Avanti President John McIntyre commented, “We are very pleased to be working with Tecnoparco’s team in Basilicata on the evaluation of energy opportunities in the Region. Tecnoparco’s unique position in Basilicata as the only industrial utility, providing multi-services that include: gas, power, and water make it an ideal value added partner for Avanti. Additionally, recently ratified “Unblock Italy” legislation has opened the way for faster permitting of energy projects, which is especially important to a Region such as Basilicata that is home to the largest oilfields in onshore Europe.”

Avanti was established in 2013 by energy industry executive John McIntyre and his team of professionals, representing over 200 years of global oil and gas experience in over 20 countries, including: Italy, Switzerland, United States, South Africa, Colombia, and Argentina. Avanti’s focus is on the acquisition and enhancement of producing and other low risk assets that may benefit from the application of proven technologies. 

For more information, please visit www.avantienergy.com.

For more information regarding the Company please contact Kirk Gamley, corporate communications, at 604-689-7422. 

“John F. McIntyre”                                                                                                                                       

President, CEO     

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


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