Anterra Energy Inc.

Anterra Energy Inc.

November 12, 2010 16:00 ET

Anterra Energy Inc Corporate Developments

CALGARY, ALBERTA--(Marketwire - Nov. 12, 2010) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A) is pleased to announce certain corporate developments on its core oil and gas properties.

BRETON: At Breton, focused workovers and recompletions have increased production from this core property from 100 boepd in July, 2010 to 140 boepd in October, 2010. As a result, total Company production is presently 240 boped. Also at Breton, the Company's midstream business continues to perform well and is now a solid contributor to monthly revenue and cash flow.

BUCK LAKE: At LSD 01-17-45-5W5M in Buck Lake, Anterra has farmed out a portion of its interest for the drilling of a horizontal Cardium well budgeted at $3.3 million (gross), to two industry partners. Anterra is paying 40% of the costs of the drilling and completion and will own 60% of the working interest in the well and the section. The LSD 01-17 location directly offsets four vertical producing Cardium oil wells and one horizontal Cardium oil well in Section 9 to the east of the Anterra location. The well is expected to commence drilling by November 15, 2010. Anterra holds a further 6 sections of land over the Cardium play in the Pembina area and is seeking partners to drill horizontal tests on these lands.

JUDY CREEK: Anterra holds several sections of land in the Judy Creek area with two suspended Swan Hills reef wells on the property. The Company has recently farmed out the drilling of a $3 million Swan Hills test on the lands which is expected to commence drilling by December 1, 2010.

SASKATCHEWAN: Anterra holds 17 sections of land in the Abbott area of south east Saskatchewan and is seeking partners to run 3-D seismic and drill a horizontal Bakken well on the property.

About Anterra Energy

Anterra Energy is an independent exploration, development and production company with an emerging focus on the use of advanced exploration technologies including 3-D imaging, horizontal drilling and multi-stage completions to systematically develop its portfolio of conventional and non-conventional oil and gas projects. Complementing this strong exploitation and development focus, the Company owns and operates fee-based midstream facilities in western Canada. Anterra is a public Canadian company listed on the TSXV under the symbol AE.A. More information about Anterra is available on the Company's website at

Reader Advisory:

This news release contains certain forward-looking statements, which include assumptions with respect to future operations. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with oil and natural gas exploration, development, exploitation, production, marketing and transportation, volatility of commodity prices, availability of drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions in Canada and the United States, industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, and stock market volatility. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive.

Neither 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 release.

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