Antrim Energy Inc. ATGYF

Antrim Energy Completes Testing on Latest Fyne Wel

[zorgon1]

FOR: ANTRIM ENERGY INC.  

  

TSX SYMBOL: AEN  

AIM SYMBOL: AEY  

  

August 14, 2008  

  

Antrim Energy Completes Testing on Latest Fyne Well, UK, Central North Sea  

  

CALGARY, ALBERTA--(Marketwire - Aug. 14, 2008) -  

  

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.  

  

Antrim Energy Inc. ('Antrim' or 'the Company') (TSX:AEN) (AIM:AEY), an international oil and gas exploration  

and production company, today announced it has successfully tested the latest Fyne well 21/28a-10z at rates up  

to 4,000 bopd. The well was drilled in the western area of the Fyne Field on the Company's central North Sea  

Block 21/28a, where Antrim holds a 75% interest.  

  

As previously reported, the company-operated 21/28a-10z well was drilled as a sidetrack to 21/28a-10. The near  

vertical sidetrack encountered 60 ft of net oil pay in the Eocene Tay Sandstone. An additional 45 ft of gas pay  

was drilled in the Upper Tay Sandstone and remains untested. No oil/water contacts or gas/oil contacts were  

observed in either well. The reservoir section in the oil column was subsequently gravel packed and screened  

for the production test. The high flow rates of medium gravity oil, no water and a normal gas oil ratio tested  

under production conditions, are indicative of the very high reservoir quality Tay Sandstones drilled in this  

area.  

  

'This 4,000 bopd test underscores the potential of the Fyne Field and gives us the confidence to proceed with a  

Field Development Plan for the area. The result also bodes well for expected production rates from Antrim's  

21/28a-9y well, which penetrated 120 ft of measured depth net oil pay in the Tay Sandstone in the central part  

of the field,' said Stephen Greer, President and CEO. 'The successful test will lead to additional work by  

Antrim on other high interest discoveries and drilling prospects in the Fyne area.'  

  

To date, the 21/28a-10z well, was drilled ahead of schedule and under budget and will be retained as a future  

production well.  

  

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   www.antrimenergy.com for more
  

information.