Antrim Energy Inc.

Antrim Energy Inc.

January 30, 2006 19:04 ET

Antrim Energy Inc.: Argentina and UK Operations Update

CALGARY, ALBERTA AND LONDON, UNITED KINGDOM--(CCNMatthews - Jan. 30, 2006) - Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim") has drilled and cased Los Patos1003, the fourth well in Antrim's multi-well drilling program in Tierra del Fuego, Argentina.

Based on logging results, the well encountered at least a 6.6 metre thick net pay interval in the target zone, the Cretaceous Springhill Formation. Production testing will be performed in February 2006 using the large capacity test equipment mobilized for earlier discoveries in the program.

The drilling rig used to drill Los Patos 1003 is moving to the fifth location in the program at Los Violetas 107. Drilling operations at LV-107 are expected to commence within the next week. Antrim has a 25.78% working interest in three producing exploitation concessions in Tierra del Fuego, located on the southern tip of Argentina.

In the United Kingdom, Antrim has been advised that the application made by its wholly owned subsidiary, Antrim Resources (N.I.) Limited, for exploration operatorship of Block 211/23d has been approved. Antrim was awarded Block 211/23d in September 2005 under the UK's competitive 23rd Seaward Licensing Bid Round. One discovery well (211/23b-11) was drilled in 1992 on Block 211/23d and tested oil at a rate of 8,100 bopd from the Jurassic Brent interval. Antrim applied for operatorship of the block to consolidate its interests in the area and allow Antrim to continue its plans to drill the Causeway Prospect in the area later this year. Antrim's working interest on Block 211/23d is 79%.

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. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Updated information about Antrim can be accessed on its website:

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