News

Apr 20, 2001 - 18:36 ET Antrim Energy Inc. Announces Improved Results for 2000

CALGARY, ALBERTA--ANTRIM ENERGY INC. (TSE:AEN) ("Antrim") 
announces a revenue increase in 2000 of 203% to $5,340,956 
($1,763,214 in 1999). Production volumes for 2000 were up 102% to 
143,371 Boe (392 Boe/d) compared to 69,266 Boe (194 Boe/d) in 
1999.  Antrim continues to be debt free, with working capital of 
$4.0 million at the end of 2000. 

Operating cash flow, during 2000, improved to $952,840 ($0.07 per 
common share), compared to negative $415,405 ($0.04 per common 
share) in 1999.  Loss for the year amounted to $82,153 ($0.01 per 
common share, fully diluted), compared to a loss of $1,198,592 
($0.10 per common share, fully diluted) in 1999. 

The fifth well in the New Zealand drilling program, Rimu A-3, has 
been cased to a depth of 3675 metres in preparation for production
testing.  Wireline logs indicate a section at least 20 metres 
thick of potential oil-bearing pay in the Upper Tariki Sandstone. 
The drilling rig will now move to the exploratory Kauri A-1 
location approximately 7 km southeast of the Rimu A-pad.  The 
Upper Tariki Sandstone intervals in both Rimu A-2 and A-3 will be 
tested using a second rig.  Antrim has a 5% working interest in 
this world class oil and gas discovery.  

Antrim is committed to a strategy of growth through high impact 
global exploration supported by cash flow from our expanding 
production base. 

Certain statements contained in this press release may be 
considered as "forward looking".  Such "forward looking" 
statements are subject to risks and uncertainties that could cause
actual results to differ materially from estimated or implied 
results. 

Updated information about Antrim can be accessed on its website: 
www.antrimenergy.com

FOR FURTHER INFORMATION PLEASE CONTACT:

Antrim Energy Inc.
Stephen Greer
Chairman & CEO
(403) 264-5111
Email: greer@antrimenergy.com

or

Antrim Energy Inc.
Keith Scrimger
CFO
(403) 264-5111
(403) 264-5113 (FAX)
Email: scrimger@antrimenergy.com
Website: www.antrimenergy.com