Vancouver, British Columbia--(Newsfile Corp. - 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
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