News

Nov 21, 2007 - 16:42 ET Antrim Secures Additional Rig for 2008 Drilling Program in UK North Sea

CALGARY, ALBERTA AND LONDON, UNITED KINGDOM--(Marketwire - Nov. 21, 2007) - 

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Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim"), an international oil and gas exploration and production company, today announced that a second contract has been signed for a drilling rig to be used as part of Antrim's planned 2008 drilling program in the UK North Sea.

The contract will provide Antrim with the Transocean "Prospect" semi-submersible drilling rig. This is in addition to the drilling contract previously announced for the Fyne Field which is scheduled to commence in the first quarter of 2008. The new contract, scheduled to start next June, is for four wells at a rate of $300,000/day and will be managed by AGR Peak Well Management ("AGR"). AGR also managed the successful multi-well drilling program on the Antrim-operated Causeway property in the UK Northern North Sea.

The drilling contract will allow Antrim to accelerate appraisal activity on the Company's existing properties in the Northern and Central North Sea and is also expected to provide Antrim with the flexibility to add additional drilling opportunities to its 2008 program.

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

This news release contains certain forward-looking statements, which include assumptions with respect to future plans, results and capital expenditures. Cumulative volumes are not necessarily representative of future production volumes. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond Antrim's control. Please refer to Antrim's Annual Information Form for the year ended December 31, 2006 and dated March 30, 2007 and available for viewing at www.sedar.com, for a list of risk factors. Antrim's actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Antrim will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Antrim or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release.

Qualified Person Review

In accordance with AIM guidelines, Mr. Terry Lederhouse, P. Eng and Commercial Manager of Antrim, is the qualified person that has reviewed the technical information contained in this news 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

Nominated Adviser on AIM
Nabarro Wells & Co. Limited
Marc Cramsie/Robert Lo
+44 20 7710 7400