News

Dec 19, 2005 - 14:24 ET Antrim Energy Inc.: Argentina Operations Update

CALGARY, ALBERTA AND LONDON, UNITED KINGDOM--(CCNMatthews - Dec. 19, 2005) - Antrim Energy Inc. (TSX:AEN) (AIM:AEY) has drilled and cased Los Flamencos-1001a, the second well in Antrim's multiwell drilling program in Tierra del Fuego, Argentina.

Based on logging results, the well encountered at least a ten-metre thick pay interval in the Cretaceous target zone. Preliminary pressure analysis indicates that the well is a new pool discovery. It is expected that LF-1001a will be flow tested and completed as a production well in January 2006. The well will be placed on production through existing facilities.

The drilling rig used to drill LF-1001a is moving to the third location in the program at Las Violetas-1004, approximately 17 miles north of the successful LF-1001a well. Drilling operations at LV-104 are expected to commence before the end of December 2005.

In addition to the multiwell drilling program, Antrim has started a workover program on existing wells in Tierra del Fuego. The first workover in this program involved a fracture treatment of LF-2, and resulted in a six-fold increase in the well's productivity from approximately 0.25 MMcf/d to the current 1.6 MMcf/d. The well is now on production through existing facilities at this higher rate.

Antrim Energy has a 25.78% working interest in three producing exploitation concessions in Tierra del Fuego, located on the southern tip of Argentina in a special income tax free/duty free trading zone.

Updated information about Antrim can be accessed on its website. 

FOR FURTHER INFORMATION PLEASE CONTACT:

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

or

Antrim Energy Inc.
Dwayne Warkentin
Chief Operating Officer
(403) 264-5111
(403) 264-5113 (FAX)
Email: warkentin@antrimenergy.com
Website: www.antrimenergy.com