Business News

Antrim Energy Commences Drilling on the Fyne Field, UK Central North Sea

2008-07-15 06:00:00

CALGARY, ALBERTA–(EMWNews – July 15, 2008) –


Antrim Energy Inc. (“the Company”) (TSX:AEN) (AIM:AEY), an international oil and gas exploration and production company, today announces it has commenced drilling operations on the Antrim-operated Fyne Field in the UK Central North Sea block 21/28a (Antrim working interest 75%).

The 21/28a-10 well will target the Eocene Tay Sandstone. This well is located approximately 1400 metres northwest of Antrim’s 21/28a-9y well, which penetrated 120 ft of oil pay (60 ft TVD) and came in at the top end of pre-drill expectations, and 1500 metres west of the previously drilled 21/28a-2 well, which tested up to 3,600 bopd from 30 ft of oil bearing Tay Sandstone. The 21/28a-10 well will be drilled and sidetracked with minimum deviation and, if successful, will be retained as a production well.

At year end 2007, Antrim’s Fyne and Dandy licence was determined by independent reserve evaluation engineers, McDaniel and Associates, to hold 131 million barrels of oil in place, or 21 million barrels of proved plus probable recoverable reserves (Antrim net 98 million barrels and 16 million barrels respectively), representing 42% of corporate recoverable proved plus probable reserves.

The Fyne Field is on trend with several other Tay fields in the area, including the West Guillemot, Pict and Saxon developments. Fyne is situated approximately 20 kilometres from existing infrastructure, which provides production services for several fields in the area.

As previously reported, the company has contracted the Transocean Prospect for this drilling program. Drilling operations, including are anticipated to take three weeks and, if successful, the well will be tested over a period of approximately two weeks.

About Antrim

Antrim Energy Inc. is a Canadian; Calgary based high-growth junior oil and gas exploration and production company with assets in the UK North Sea and Argentina. Antrim is listed on the Toronto Stock Exchange (AEN) and on the London Stock Exchange’s Alternative Investment Market (AEY). Visit 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. Cumulative volumes are not necessarily representative of future production volumes. 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, 2007 and dated March 31, 2008 and available for viewing at, 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.

For more information, please contact

Antrim Energy Inc.
Stephen Greer
President & CEO
(403) 264-5111
(403) 264-5113 (FAX)
Email: [email protected]


Antrim Energy Inc.
Kerry Fulton
Chief Operating Officer
(403) 264-5111
(403) 264-5113 (FAX)
Email: [email protected]


Royal Bank of Canada Europe Limited
Sarah Wharry
Nominated Adviser
+44 20 7653 4667

free cash grants, free grant money, free money, cash grants, scholarships, business grants, foundation grants, government grants, debt grants, consolidation, college tuition, financial aid, medical grants, personal grants, medical bills, unsecured loans, no interest loans, financing, loans, capital, non profit organizations

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website now offers Organic Lead Generation & Traffic Solutions

Senny Lorry

My great passion is bringing healing to people who have been through a traumatic/stressful experience. I help my clients, who include children, adults and families, to find healthy perceptions of themselves and strengthen their relationships so they can know themselves as peaceful, complete, whole and safe. Senny is our CrowdFunding Specialist

Related Articles

Check Also
Back to top button