News

Apr 19, 2004 - 07:00 ET Antrim Awards Drilling Contract and Announces Drilling Date for Offshore Australia

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - Apr 19, 2004) - Antrim Energy Inc. announced today that it has entered into a Drilling Contract with Sedco Forex International Inc. (Transocean) for Antrim's first offshore exploration well on the NorthWest Shelf of Australia. The well will be drilled using Transocean's semi-submersible drilling platform the Sedco 703. Transocean has informed Antrim that the rig is currently operating on the Australian NorthWest Shelf and may be available to start drilling operations on Antrim's "South Galapagos" prospect as early as the first week of September 2004.

The well will be located on Permit WA-306-P in the Barcoo Sub basin, NorthWest Shelf, Australia. The NorthWest Shelf is Australia's most prolific oil producing region containing oil fields as large as 400 million barrels recoverable. Most NorthWest Shelf field sizes range from 20 - 200 million barrels recoverable. Permit WA-306-P contains a cluster of drilling prospects including "Galapagos" and "South Galapagos". The first well, South Galapagos #1, will be drilled in 345 metres of water to a projected depth of 3775 metres in the Jurassic section. Drilling time to total depth is estimated to be 32 days. A period of testing would follow on positive drilling results. Antrim is Operator of the project and, following the evaluation of recently acquired seismic data, increased its interest in the permit through an agreement with its 50% partner Magellan. Antrim will fund Magellan's share of the well cost to earn an additional 37.5% interest, bringing Antrim's total interest to 87.5% in the WA-306-P permit.

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. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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)
Email: greer@antrimenergy.com

or

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