AVANTI IDENTIFIES ITALIAN FIELD EXTENSION OPPORTUNITY

Monday June 8, 2015

VANCOUVER, BRITISH COLUMBIA-- (June 8, 2015) - Avanti Energy Inc. (TSX VENTURE:AVN) ("Avanti" or the "Company")is pleased to announce it has identified a significant field extension opportunity within the Italian property operated by wholly-owned subsidiary CMI Energia S.p.A. As previously released, the property contains 76 bcf of proven and probable gas reserves. The current proven and probable field limits cover 2451 acres and the reserves have been fully delineated by two existing new wells along with six older wells. The two existing new wells are currently capable of production in excess of 20 mmcf of gas per day.

Based on Avanti's mapping of reprocessed seismic data, the field extension prospect is immediately northeast of the proven structure. It covers in excess of 2400 acres as mapped and would share a common gas water contact with the known accumulation. Management believes the field extension has tremendous potential to expand the existing reserves.

"While the field stepout opportunity had been recognized by the previous owners of CMI, Avanti's mapping of the reprocessed data has better defined the prospective area and structural relationship with adjacent production. This is a tremendous value-add for the company," commented John McIntyre, Avanti's president.

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, Indonesia, 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.

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.

 

 

 

CONTACT INFORMATION

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    Avanti Energy Inc.
    Kirk Gamley
    Corporate Communications
    604-689-7422
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