Antrim Energy Inc.
TSX : AEN
AIM : AEY

Antrim Energy Inc.

July 03, 2009 07:30 ET

Antrim Energy Awarded an Additional North Sea Block- Block 21/24b

CALGARY, ALBERTA--(Marketwire - July 3, 2009) - Antrim Energy Inc. ("the Company") (TSX:AEN) (AIM:AEY), today announces it has been notified by the UK Department of Energy and Climate Change (DECC) that it has been offered Block 21/24b in the UK North Sea as part of the 25th Seaward Licencing Round. The block, which was awarded to Antrim on a 100% working interest basis, is in the Company's core area around the Fyne Field in the Central North Sea. As announced in November of 2008, Antrim was previously awarded five blocks in the 25th Round, three of which are in the Fyne area.

Block 21/24b is approximately 10 kilometers northeast of the Fyne Field, and immediately adjacent to the Teal and South Teal Fields to the east, the Clapham and Guillemot Northwest Fields to the south and the Pict Field to the west. These fields all produce from either the Eocene Tay or the Upper Jurassic Fulmar Sandstones, and Block 21/24b is viewed to have potential in both of these formations. A significant oil column in the Fulmar was discovered in this block by a previous operator. This discovery well 21/24-4 was drilled in 1991, but not tested.

Block 21/24b will add approximately 36,000 acres to Antrim's asset portfolio in the area. The licence will be a Traditional Licence, with seismic processing to be completed and a contingent well to be drilled during the initial four year term. Stephen Greer, Antrim's President and CEO, commented, "With its close proximity to existing fields and infrastructure, and potential in two proven producing formations, Block 21/24b is an exciting addition to Antrim's Central North Sea holdings."

About Antrim:

Antrim Energy Inc. is a Canadian Calgary based high-growth junior oil and gas exploration and production company with assets in the UK North Sea and Argentina. 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. Cumulative volumes are not necessarily representative of future production volumes. 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, 2008 and dated March 31, 2009 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 Vice President Operations 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
    Vice President Operations
    (403) 264-5111
    (403) 264-5113 (FAX)
    Email: fulton@antrimenergy.com
    Website: www.antrimenergy.com
    or
    Nominated Adviser on AIM:
    Royal Bank of Canada Europe Limited
    Sarah Wharry
    + 44 20 7653 4667