Antrim Energy Inc.
TSX : AEN
LSE : AEY

Antrim Energy Inc.

September 07, 2007 08:00 ET

Antrim to Case and Test Latest Causeway Well 211/22a-8, UK North Sea

CALGARY, ALBERTA--(Marketwire - Sept. 7, 2007) -

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

Antrim Energy Inc. ("Antrim")(TSX:AEN)(AIM:AEY), an international oil and gas exploration and production company, today announced that the latest well in its multi-well drilling program on the Causeway Field, UK North Sea is to be cased and tested.

The 22a-8 well was drilled into the southwestern fault compartment to a depth of 12,830ft (3,910m) and has intersected a pay section similar to that encountered in the previously drilled 211/22a-3 well (1984) which tested up to 5,500 bopd from the Jurassic Ness Formation. The 22a-8 was drilled approximately 1.4 km northeast of the 22a-3 location and encountered the Ness pay zone at a structural elevation 25ft (8m) higher than at 22a-3. Logging operations are continuing on the well. The additional logging, casing and testing operations are expected to take approximately 14 days to complete.

On completion of the 22a-8 operations, drilling will start on a fourth well targeting the Brent sequence of sandstones in the northern portion of the central fault compartment.

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
    Stephen Greer
    President & CEO
    (403) 264-5111
    (403) 264-5113 (FAX)
    Email: greer@antrimenergy.com
    or
    Antrim Energy
    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