News

Oct 1, 2004 - 16:00 ET Antrim Exercises Option in UK North Sea

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - Oct. 1, 
2004) - Antrim Energy Inc. ("Antrim") (TSX: AEN) (AIM: AEY) is pleased 
to announce that it has exercised its option and increased its equity in 
"Promote" Licence Blocks 42/21 and 42/22 from 20% to 60%. Blocks 42/21 
and 42/22 are located in the southern North Sea gas basin and were 
awarded as part of the 21st Offshore Licencing Round in October 2003. 
From the date of the award, Antrim has two years in which to commit to 
the drilling of one well or drop the blocks.

Blocks 42/21 and 42/22 are adjacent to Block 42/23 recently offered to 
Antrim pursuant to the UK's 22nd Offshore Licencing Round. Antrim is the 
designated "Permit Administrator" of the three Blocks. In September 
2004, Antrim announced its intention to drill an exploration well on 
Block 42/21 in early 2005.

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