News

Jan 27, 2003 - 12:28 ET Antrim Operations Update, Tunisia

CALGARY, ALBERTA--ANTRIM ENERGY INC (TSE:"AEN", Antrim) reports 
that the Chott Fejaj #3A exploratory well (Antrim 34.286% working 
interest) in Tunisia, North Africa has been cased to a depth of 
4127m. 

To date the re-entry drilling operation has successfully 
penetrated approximately 650m of Triassic salt and claystone that 
is expected to comprise an effective seal for any underlying 
hydrocarbons. At a drilling depth of 4156m a significant quantity 
of drilling fluid was lost when the well penetrated a highly 
permeable zone. The setting of the new casing string is designed 
to allow the safe evaluation of this very permeable zone and any 
further zones of interest that may be encountered. Antrim 
anticipates that the well will be drilled to a depth of at least 
4250m. 

The Chott Fejaj structure is one of a series of 
seismically-defined structures on the Antrim concession, each 
associated with the regional Gafsa fault system and similar to 
the large fault-bounded three way dip closures which are 
productive in the Berkine Basin in neighbouring Algeria. 

The Chott Fejaj #3A well location is situated approximately 12 
kilometres from pipelines which carry oil and gas from fields in 
southern Tunisia to ports on the Mediterranean coast. 

Additional information can be obtained on the updated Antrim 
Energy website www.antrimenergy.com. 

Antrim is committed to enhancing shareholder value through high 
impact global exploration.

FOR FURTHER INFORMATION PLEASE CONTACT:

Antrim Energy Inc.
Stephen Greer
(403) 264-5111
(403) 264-5113 (FAX)
Email: greer@antrimenergy.com

or

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