OTCPK:ATGYF - Post by User
Post by
syncrudeon Jan 25, 2006 6:25pm
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Post# 10242408
79% of Causeway?
79% of Causeway?back on July 2004, AEN owned 18% but decided to FOCUS ON CAUSEWAY AND FARM-OUT THE NORTHERN PROSPECT? I wonder if the partners (21%) will opt to DRILL or walk-away? and if the list includes ENI, CNQ and Marebeni Oil?? SINCE CONOCO SOLD OUT... even if Antrim farms-out a piece of this puzzle (to pay for the $10M well); they'd still have a healthy piece of the pie???
Canadian outfit Antrim Energy Inc. will buy an 18-percent working interest in U.K. sector block 211/22a, or Osprey Ridge, from ConocoPhillips, it was learned Friday. Antrim heralded the development from Calgary, Alberta, its headquarters. Eni UKCS Ltd. has 24 percent of license P.201 and is operator, Canadian outfit CNR has 18 percent and Marebeni Oil and Gas (UK) Ltd. retains a 39 percent stake.