News

May 14, 2007 - 02:00 ET Antrim Rig on Schedule for UK North Sea Causeway Multi-Well Drilling Program

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - May 14, 2007) - Antrim Energy Inc. ("Antrim"), (TSX:AEN) (AIM:AEY) an international oil and gas exploration and production company, today announced it has contracted AGR Peak Well Management of Aberdeen and the semi-submersible drilling rig the Transocean Prospect for the drilling of three wells near its August 2006 East Causeway discovery (Antrim 65.5%) in the UK North Sea. The 2006 discovery tested a combined flow rate of 14,500 barrels of light oil per day with no water.

The first well in this year's program, on schedule to commence the week of May 20, 2007, will be drilled approximately two miles southwest of the East Causeway Discovery to an estimated depth of 3,500 meters (11,500 ft) and is intended to appraise each of the Jurassic Tarbert, Ness and Etive Sandstones. The program will also assist in the evaluation of tie-in options for production to nearby facilities.

"Securing this rig from Transocean Inc. keeps us on schedule to meet our previously-announced timing for this project," said Stephen Greer, President and CEO of Antrim.

This drilling contract pertains to the November 2006 announcement by Antrim that they had signed a letter of intent to contract a drilling rig for the 2007 Causeway drilling program.

Elsewhere in the North Sea, Antrim (75%) is presently acquiring approximately 70 km2 3-D Seismic over the Fyne and Dandy fields in UKCS Block 21/28a. This seismic program is expected to establish an optimum location for development drilling, which is targeted to proceed in early 2008.

About Antrim

Antrim Energy Inc. is an international oil and gas exploration and production company headquartered in Calgary, Alberta, Canada. Antrim's objective is to create significant wealth for its shareholders through the discovery, production and sale of oil and gas. Antrim's production and exploration operations are centered in Argentina and its high impact oil and gas exploration is focused in the United Kingdom. Antrim is listed on the Toronto Stock Exchange (AEN) and on the London Stock Exchange's Alternative Investment Market (AEY). Visit www.antrimenergy.com for more information.

Forward-Looking Statements

Certain statements contained in this news 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. In accordance with AIM guidelines, Mr. Kerry Fulton, P. Eng and Chief Operating Officer of Antrim, is the qualified person that has reviewed the technical information contained in this news release.


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

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.
Kerry Fulton
Chief Operating Officer
(403) 264-5111
(403) 264-5113 (FAX)
Email: fulton@antrimenergy.com
Website: www.antrimenergy.com

or

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