Antrim Energy Inc.
TSX : AEN
AIM : AEY

Antrim Energy Inc.

January 05, 2007 11:35 ET

Antrim Energy Inc.: Successful High Rate Gas Test in Argentina

CALGARY, ALBERTA AND LONDON, UNITED KINGDOM--(CCNMatthews - Jan. 5, 2007) - Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim") is pleased to report that Los Flamencos (LFa) 1005, the 16th well drilled in Antrim's 2006 19-well drilling program in Tierra del Fuego, Argentina, has tested approximately 7.1 million cubic feet per day with associated liquids at a flowing well head pressure of 597 psi. Further testing using larger capacity test equipment will be required to determine expected long term flow rates.

LFa-1005 was drilled in an area identified as a potential new pool in an undrilled fault block south of the recently discovered Los Patos oil field. The well was drilled to a target depth of 2,250 metres through the Springhill Formation. This test rate was achieved from a 7 metre (net) perforated interval.

Antrim and partners have started acquiring a new 260 km2 3D seismic program in the Tierra del Fuego area and additional 3D seismic programs are planned for 2007. This new seismic will allow Antrim to identify both infield development locations and undrilled fault block exploration locations for the previously announced 2 year drilling campaign scheduled to start the second quarter of 2007. Antrim's working interest in the Tierra del Fuego concession is 25.78%.

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. 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 press release.

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

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