News

Jun 4, 2002 - 16:02 ET Antrim Energy Inc. Board of Directors Has Struck a Special Commitee

CALGARY, ALBERTA--ANTRIM ENERGY INC. (TSE:AEN) ("Antrim") 
announced today at the company's Annual General Meeting that 
Antrim's Board of Directors has struck a Special Committee of 
independent directors to plot the future strategic direction of 
the company.  The Special Committee, which comprises Mr. M. Nunns 
(Committee Chairman), Mr. J. Brussa and Mr. V.N. Martin, will work
in conjunction with Antrim's management to enhance shareholder 
value. 

Mr. Stephen Greer (Chairman & CEO), on behalf of Antrim's Board 
commented: "The completion of recent and very profitable asset 
sales has resulted in a large working capital position and this, 
combined with continued growth in the Company's prospect inventory
makes a strategic review of the Company's direction at this point 
very opportune". 

As at March 31, 2002 Antrim Energy had working capital of $11.2 
million with no debt.  For the first three months of 2002, the 
company produced an average of 471 boepd primarily from Argentina 
and has significant land holdings in Australia, North and East 
Africa. 

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
(403) 264 5113 (FAX)
E-mail: greer@antrimenergy.com