RE: RE: RE: RE: RE: Fyne Note that Antrim is also seeking a partner to fully develop the Greater Fyne field.
The P50 for this area is 170 million barrels
In addition to the development projects, Antrim and its partner Premier have approved an exploration well on the Cyclone prospect (30% WI), located on License P1784 Block 21/7b and have signed a contract for use of a semi-submersible drilling rig, with drilling anticipated to commence in October2012.
This well holds significant upside potential for Antrim, with the operator Premier estimating gross potential recoverable reserves of 35 MMB and a 40% chance of success.
• The Contender exploration well (8.4% WI) should be spudding very soon and and if successful is expected to be placed on production before year-end through the Cormorant north platform.
• Beyond the North Sea, Antrim also has potential projects in Tanzania and Ireland. Both are still in early stages, but they could hold significant potential for shareholders in the future.