Antrim Energy Inc.

TSX : AEN
AIM : AEY


Antrim Energy Inc.

November 22, 2012 02:01 ET

Antrim Announces Commencement of Drilling Operations for the Cyclone Prospect in UK Central North Sea

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwire - Nov. 22, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim" or the "Company")

Antrim today announced that it has been informed by operator Premier Oil UK Limited ("Premier") that drilling operations have commenced for the Cyclone prospect in UK Central North Sea Licence P1784 Block 21/7b (Antrim working interest 30%).

Well 21/07b-4, which is being drilled with the Awilco WilPhoenix semi-submersible rig, will target the Tertiary Cromarty sandstones at a drilling depth of approximately 5,000 feet true vertical depth. Antrim and Premier acquired the licence in the 26th Seaward Licensing Round, as previously announced on October 28, 2010.

Additional information concerning Antrim Energy Inc. is available at www.antrimenergy.com. Investor inquiries may be directed to info@antrimenergy.com or 1-403-264-5111.

Forward-Looking and Cautionary Statements

Some of the statements in this announcement may be forward-looking including statements relating to Antrim's business plans for drilling the Cyclone prospect. Forward-looking statements include statements regarding the intent, belief and current expectations of Antrim Energy Inc. When used in this announcement, the words "approximate" and similar expressions are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcome to differ materially from those suggested by any such statements, including without limitation, unanticipated delays with respect to drilling the Cyclone prospect. 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 Antrim's control. Please refer to Antrim's Amended and Restated Annual Information Form for the year ended December 31, 2011 and dated March 26, 2012 and available for viewing at www.sedar.com, for a list of risk factors. Antrim's actual results 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 so, what benefits that Antrim will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Antrim or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release.
In accordance with AIM guidelines, Mr. Kerry Fulton, P. Eng and Vice President of Operations of Antrim, is the qualified person that has reviewed the technical information contained in this news release. Mr. Fulton has over 30 years operating experience in the upstream oil and gas industry.

Contact Information