Antrim Energy Inc.
TSX : AEN
AIM : AEY

Antrim Energy Inc.

October 26, 2005 12:57 ET

Drilling Started on Antrim's 'Clachnaben' Prospect in UK North Sea

CALGARY, ALBERTA--(CCNMatthews - Oct. 26, 2005) - Antrim Energy Inc. (TSX:AEN) (AIM:AEY) is pleased to announce that drilling has commenced on the Clachnaben prospect, Block 211/22a in the UK North Sea, operated by Dana Petroleum plc. The Bredford Dolphin semi-submersible drilling platform will drill the well to a planned depth of 3,565 metres (11,700 ft). Operations are expected to be completed within 40 days.

The well will target the oil prone Jurassic Brent Sandstone, adjacent to the Cormorant oil field and related infrastructure.

The Clachnaben well will be drilled at no cost to Antrim to a ceiling of Pounds Sterling 5.75million ($12.2 million CAD), at which point Antrim will retain a 21% participating interest in the well, bear its share of any additional well costs and a hold a 21% participating interest in the northwest portion of the licence. At the same time, Antrim's interest will increase from 75.794% to 79% in the southeast portion of the licence, which includes the prospective Osprey Ridge area.

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.

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