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Avanti Energy Inc. (V:AVN)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEDAR
Company Contact
Address: 400-750 11 St Sw,
CALGARY AB T2P 3N7
Tel: N/A
Website: www.avantienergy.com
IR: See website
Key People
Robin Gamley
President, Director
Chris Bakker
Chief Executive Officer, Director
Natasha Tsai
Chief Financial Officer
Ali Esmail
Vice President - Engineering
Genga Nadaraju
Vice President - Subsurface Geology
Jim Wood
Director - Geoscience
Business Overview
Avanti Helium Corp., formerly Avanti Energy Inc., is a Canada-based gas exploration company. The Company is focused on the exploration, development, and production of helium across western Canada and the United States. Its projects include Greater Knappen Project and Leader Project. Its Greater Knappen Project covers an area of approximately 78,000 acres. Its targeted areas are located in Southern Alberta and Northwest Montana, which include Knappen, Aden, Kicking Horse, Sweetgrass and Keith. Its Leader Project is located in Southwest Saskatchewan, which contains three helium exploration permits for a total of approximately 63,000 acres. Its exploration permits include Burstall, Abbey and Kyle. Its targeted zones are the Devonian Souris River and Cambrian Deadwood SS with known helium concentrations up to 1.4% and nitrogen up to approximately 98%.
Financial Overview
For the six months ended 30 June 2022, Avanti Helium Corp revenues was not reported. Net loss increased 30% to C$4.8M. Higher net loss reflects Share-based compensation increase of 33% to C$1.8M (expense), Salary and benefits increase from C$55K to C$417K (expense), General and administrative fee increase from C$83K to C$442K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.09.
Employees: 4 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $51.81M as of Jun 30, 2022
Annual revenue (TTM): $0.00M as of Jun 30, 2022
EBITDA (TTM): -$11.59M as of Jun 30, 2022
Net annual income (TTM): -$11.67M as of Jun 30, 2022
Free cash flow (TTM): -$20.05M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 58,203,390 as of Jun 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization