News

Sep 28, 2004 - 19:49 ET Antrim Starts Offshore Operations in Australia

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - Sept. 28, 
2004) - (TSX: AEN)(AIM: AEY)

Antrim Energy Inc. ("Antrim") has been advised by The Peak Group, who 
are managing Antrim's drilling operations in Australia, that 
Transocean's semi-submersible drilling platform, Sedco 703, has been 
released by Woodside to Antrim. Mobilization and anchoring of the 
platform is expected to take, weather permitting, approximately 3 
days. Drilling operations are anticipated to begin within 48 hours of 
the rig being secured at the South Galapagos #1 location. 

The South Galapagos #1 well is to be drilled on Permit WA-306-P on 
the NorthWest Shelf of Australia. The well is to be drilled in 344 
meters of water to a projected depth of 3,772 meters subsea in the 
Jurassic section. Drilling time to total depth is estimated to be 32 
days. In August 2004 Antrim announced an agreement whereby ONGC 
Videsh Limited ("OVL") will earn a 55% working interest in the permit 
by funding 80% of the gross well cost up to USD$9.0 million. Antrim 
is Operator of the project and will retain a 32.5% working interest 
in the permit. The remaining 12.5% working interest is held by 
Magellan Petroleum (WA) Pty. Ltd. 

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. 

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