News

Mar 18, 2003 - 18:32 ET Antrim Signs UK Farmout Agreement

CALGARY, ALBERTA--ANTRIM ENERGY INC (TSX:"AEN") (Antrim) is 
pleased to report that the Company has signed a farm out 
agreement, which will allow Avery Resources Inc., an exploration 
company based in Calgary, Canada, to earn up to 50% interest in 
Antrim's South Larne Licence, Northern Ireland, UK. 

Antrim Energy, through its wholly owned UK subsidiary Antrim 
Resources (N.I.) Limited, currently holds a 75% working interest 
in the South Larne Licence. The onshore licence is in the second 
year of a 5 year exploration term. To date, under Antrim's 
operatorship, 100kms of seismic data has been acquired in the 
region and a slim hole stratigraphic test has been drilled that 
penetrated the Triassic Sandstone beneath an extensive cover of 
Tertiary Basalt. 

The South Larne UK Licence lies on a Triassic Sandstone trend 
which contains the 7.0 Tcf Morecambe Bay Gas Field in the East 
Irish Sea and the 1.0 Tcf Corrib Gas Field off the west coast of 
Ireland. It is anticipated that Avery Resources will contribute 
approximately $250,000 to the planned geophysical work to be 
completed prior to additional exploration drilling on the 
licence. 

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

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

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