Antrim Energy Inc. ATGYF

RE: Equity or Debt financing

[Bigbadoil]

Thx BIg Jonny! Now AEN has their larder full, onward and upward! May is not that far away and the spudding of the Causeway (central) prospect with a p50 reserve potential of 42mmmbbl. This is the only undrilled fault block on the Causeway trend, significantly de-risked by the success of last years East Causeway well. This is the only prospect on the trend with mapped four-way closure from the Seismic (in geo -tech terms this is a significant feature). I believe the Lower Etive mbr of the Brent Grp is prospective in this block because of this feature. In the other blocks the Etive is wet. Also a little tidbit- the company is very excited about the Medianara prospect in Argentina (to be drilled in late summer). The seismic shows alot of structuring below the Cretaceous production. If this wildcat is successful testing the Jurassic, there are many other structures to chase on the block. Not much is said about the Capricorn prospect as it has been partly farmed-out. However if you read all the Nr's,it seems the prospect is quite large in area. Bigbadun'