Antrim Energy Inc.
TSX : AEN
AIM : AEY

Antrim Energy Inc.

September 10, 2007 17:00 ET

Antrim Commences Drilling Program in Tierra del Fuego, Argentina

CALGARY, ALBERTA AND LONDON, UNITED KINGDOM--(Marketwire - Sept. 10, 2007) -

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

Antrim (TSX:AEN) (AIM:AEY) is pleased to announce the start of a two-year drilling program in Tierra del Fuego, Argentina. The first well in the program, LP-1009, has spud on the Los Patos field (Antrim 25.78%) approximately 0.5 km NW of the 2006 oil discovery LP-1005.

The program, previously announced on December 5, 2006, is expected to build on Antrim's successful 2006 drilling program and the Company's recent acquisition of an additional 309 km2 of 3-D seismic.

The drilling program, backed by a two-year drilling contract with Quintana WellPro SA, will initially target oil reservoirs in the Cretaceous Springhill Formation at an approximate depth of 2,300 m in the Los Patos area. Nine drilling locations have already been built and the construction of additional locations continues. Each well is expected to take between two and three weeks to drill and case.

At least two years of additional drilling is planned on the Tierra del Fuego licences. Initial results from the drilling program will be released following the end of the third quarter of 2007 as part of Antrim's normal quarterly reporting requirements, unless there is a material change.

The construction of new oil and gas production facilities in Tierra del Fuego is on schedule for completion in the fourth quarter of 2007.

About Antrim Energy Inc.

Antrim Energy Inc. is an international oil and gas exploration and production company headquartered in Calgary, Alberta, Canada. Antrim's objective is to create significant wealth for its shareholders through the discovery, production and sale of oil and gas. Antrim's production and exploration operations are centered in Argentina and its high impact oil and gas exploration is focused in the United Kingdom. Antrim is listed on the Toronto Stock Exchange (AEN) and on the London Stock Exchange's Alternative Investment Market (AEY). Visit www.antrimenergy.com for more information.

Forward-Looking Statements

This news release contains certain forward-looking statements, which include assumptions with respect to future plans, results and capital expenditures. 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 Annual Information Form for the year ended December 31, 2006 and dated March 30, 2007 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.

Qualified Person Review

In accordance with AIM guidelines, Mr. Kerry Fulton, P. Eng and Chief Operating Officer of Antrim, is the qualified person that has reviewed the technical information contained in this news release.

Contact Information

  • Antrim Energy Inc.
    Stephen Greer
    President & CEO
    (403) 264-5111
    (403) 264-5113 (FAX)
    Email: greer@antrimenergy.com
    or
    Antrim Energy Inc.
    Kerry Fulton
    Chief Operating Officer
    (403) 264-5111
    (403) 264-5113 (FAX)
    Email: fulton@antrimenergy.com
    Website: www.antrimenergy.com
    or
    Nominated Adviser on AIM
    Nabarro Wells & Co. Limited
    John Wilkes/Robert Lo/Harry Stockdale
    +44 20 7710 7400