Antrim Energy Inc. ATGYF

RE: 79% of Causeway?

[Bigbadoil]

All those guys have been taken out. The option (21%) is on lands acquired to the east in September in the 23rd DTI licensing round. I would imagine the option is to Dana. The original license was split in 2 after Dana drilled the duster ( earning well) (N1/2 Dana 79% AEN 21%, S1/2 AEN 79% Dana 21%) The N1/2 maybe prospective if the Elixir play comes in. Causeway is a fault block prospect on the south block. Where as Jaguar is a stratigraphic fan (downdip) prospect. Causeway is less risky with 2 oil tests on the fault block. Jaguar more risky but with big upside. If it comes in, AEN may have a piece of it on their N. block. Dana may have drilled the earning well to get 79% cause they liked the Jaguar prospect too. Success by Elixir is good for all. Bigbadun'