CALGARY, ALBERTA--(Marketwire - April 30, 2008) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THEU.S.
Antrim Energy Inc. ("the Company") (TSX:AEN) (AIM:AEY), an international oiland gas exploration and production company, today provided an update on itsdrilling program on the Antrim-operated well 21/28a-9 on the Fyne Field (AntrimWI 75%) in the UK Central North Sea.
As previously announced on April 8, 2008 the multilateral 28a-9 well wasdrilled as planned with three legs, one pilot hole and two sidetracks into theEocene Tay Sandstone. It was further announced that completion and testingoperations would commence on the third and final leg (21/28a-9y) with resultsexpected in April.
As planned, testing of 21/28a-9y has begun. However, unforeseen operationaldelays have postponed results which we anticipate announcing the first week ofMay.
About Antrim:
Antrim Energy Inc. is an international oil and gas exploration and productioncompany headquartered in Calgary, Alberta, Canada. Antrim's production andexploration operations are centered in Argentina and the United Kingdom. Antrimis listed on the Toronto Stock Exchange (AEN) and on the London Stock Exchange'sAlternative Investment Market (AEY). Visit www.antrimenergy.com for moreinformation.
Forward-Looking Statements
This news release contains certain forward-looking statements, which includeassumptions with respect to future plans, results and capital expenditures.Cumulative volumes are not necessarily representative of future productionvolumes. The reader is cautioned that assumptions used in the preparation ofsuch information may prove to be incorrect. All such forward looking statementsinvolve substantial known and unknown risks and uncertainties, certain of whichare beyond Antrim's control. Please refer to Antrim's Annual Information Formfor the year ended December 31, 2007 and dated March 31, 2008 and available forviewing at www.sedar.com, for a list of risk factors. Antrim's actual resultscould differ materially from those expressed in, or implied by, theseforward-looking statements and, accordingly, no assurances can be given that anyof the events anticipated by the forward-looking statements will transpire oroccur, or if any of them do so, what benefits that Antrim will derive therefrom.All subsequent forward-looking statements, whether written or oral, attributableto Antrim or persons acting on its behalf are expressly qualified in theirentirety by these cautionary statements. Furthermore, the forward-lookingstatements contained in this news release are made as at the date of this newsrelease.
Qualified Person Review
In accordance with AIM guidelines, Mr. Kerry Fulton, P. Eng and ChiefOperating Officer of Antrim, is the qualified person that has reviewed thetechnical information contained in this news release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Antrim Energy Inc.
Stephen Greer
President & CEO
(403) 264-5111
(403) 264-5113 (FAX)
Email: greer@antrimenergy.com
or
Antrim Energy Inc.
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
Royal Bank of Canada Europe Limited
Sarah Wharry
+ 44 20 7653 4667