Antrim Energy Inc.
TSX : AEN
AIM : AEY

Antrim Energy Inc.

June 13, 2007 18:24 ET

Antrim Energy Begins Drilling Second Exploration Well on Medianera Licence in Argentina

CALGARY, ALBERTA--(Marketwire - June 13, 2007) -

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

Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim"), an international oil and gas exploration and production company, today announced that drilling has commenced on the second of two exploration wells on its Medianera licence in the Rio Negro Province in central Argentina. Antrim holds a 70% working interest in the Medianera licence.

Based on 3D seismic acquired in 2006, the second well M3001 targets a Cretaceous sequence at a depth of 1,400 metres. The well, which is located 2km west of the first well (M3002), is expected to take approximately 14 days to drill.

The first exploration well (M3002) has been drilled to target depth and cased in preparation for testing with results expected in early July.

About Antrim

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

Certain statements contained in this news 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.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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
    +44 20 7710 7400