VANCOUVER, British Columbia, February 13, 2014 - Avanti Energy Inc. (TSXV: AVN) ("the Company") is pleased to announce that it has signed a memorandum of understanding (the "MOU") with Sierra Hamilton LLC for the purpose of evaluating opportunities in Brazil.
"We are very pleased to be working with Sierra Hamilton's Integrated Reservoir Services division on the evaluation of E&P investments in Brazil," Avanti President John McIntyre said. "Sierra Hamilton's presence in Brazil and deep technology resources in field development, planning and operations, as well as cutting edge unconventional expertise, will be of key importance to Avanti's efforts."
Avanti was recently established by oil industry executive McIntyre and his team of professionals, representing more than 200 years of global oil and gas experience in more than 20 countries including: Colombia, Brazil, Argentina, Peru and Venezuela. Avanti's focus is on the acquisition and enhancement of producing assets that may also possess unconventional upside potential. For more information, visit www.avantienergy.com
Sierra Engineering and Hamilton Group merged in December 2013 to form Sierra Hamilton. It is now one of the largest providers of outsourced engineering and on-site supervision services to the oil and gas industry. Sierra Hamilton has a highly experienced and well-established base of independent consultants and has operations across the United States, in South America, the North Atlantic, Africa, Asia and Australia. For more information, visit www.sierra-hamilton.com.
For more information regarding the Company please contact Karl Kottmeier, director, at 604 689 7422.
"John F. McIntyre"
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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