News

Aug 27, 2003 - 14:35 ET Antrim Consolidates Argentina Production Venture

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--Antrim Energy Inc. 
("Antrim") is pleased to announce a change in Operatorship of its 
Puesto Guardian Field in Argentina (Antrim 40% working interest). 
Under agreements executed this week in Buenos Aires, the current 
Operator EPP Petroleo S.A. has agreed to withdraw from and 
transfer its residual interests in the Puesto Guardian Joint 
Venture to Antrim and its joint venture partner Tripetrol 
Petroleum Ecuador Inc. Antrim, through its wholly-owned 
subsidiary, Netherfield Corp., will immediately assume 
operatorship until replaced by an operating company which is to 
be jointly owned by Antrim and Tripetrol. This new company, to be 
called Petrolera San Jose S.R.L. ("Petrolera"), will be formed 
exclusively for the purpose of operating the Puesto Guardian 
property in an efficient manner.  

The change of operatorship will ensure that Antrim and Tripetrol 
have direct control over production and exploration activities in 
the Puesto Guardian Field. This should allow Antrim to accelerate 
oil production as well as reduce its operating costs. The field 
is currently producing approximately 1,038 bopd gross (Antrim net 
415 bopd) and a program of new well workover operations is 
expected to begin in September.  

Antrim is a global oil and gas exploration and production company 
based in Canada with properties and current exploration 
activities in Argentina, Australia, Tanzania and the United 
Kingdom.  

Certain statements contained in this press release may be 
considered "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
(403) 264-5111
Email: greer@antrimenergy.com

or

Antrim Energy Inc.
Janet Missal
Investor Relations
(403) 264-5113
Email: missal@antrimenergy.com
Website: www.antrimenergy.com