Antrim Energy Inc.

Antrim Energy Inc.

March 15, 2005 16:32 ET

Antrim Argentina Operations Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ANTRIM ENERGY INC.

TSX SYMBOL: AEN
AIM SYMBOL: AEY

MARCH 15, 2005 - 16:32 ET

Antrim Argentina Operations Update

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - March 15,
2005) - Antrim Energy Inc. (TSX: AEN) (AIM: AEY) is pleased to announce
that a new round of workover operations commenced March 15th, on
Antrim's Puesto Guardian property. These operations are a continuation
of the successful workover program which originally started in September
2004 and was suspended due to inclement weather in December 2004. The
2004 workover and recompletion program successfully added more than 100
bopd to Antrim's Puesto Guardian production. Increased sales from the
2004 operations have already paid out the costs associated with the
program. Workover operations on a further five wells are planned during
the months March - May, 2005.

A large (300 km2) 3-D seismic survey is in progress on Antrim's recently
acquired oil and gas properties in Tierra del Fuego, Southern Argentina.
New production from the successful workovers and from the Tierra del
Fuego properties brings Antrim's current corporate production to 1,100
boepd.(a)

Certain statements contained in this press release may be considered as
"forward looking". Such "forward looking" statements are subject to
risks and uncertainties that could cause actual results to differ
materially from estimated or implied results.

(a) The BOE conversion ratio of 6 Mcf:1 bbl is based on an energy
equivalency conversion method primarily applicable at the burner tip and
does not represent a value equivalency at the wellhead".

Updated information about Antrim can be accessed on its website:
www.antrimenergy.com

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Antrim Energy Inc.
    Stephen Greer
    President & CEO
    (403) 264-5111
    (403) 264-5113 (FAX)
    Email: greer@antrimenergy.com
    or
    Antrim Energy Inc.
    Dwayne Warkentin
    Chief Operating Officer
    (403) 264-5111
    (403) 264-5113 (FAX)
    Email: warkentin@antrimenergy.com
    Website: www.antrimenergy.com
    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.