News

Oct 28, 2010 - 11:55 ET Antrim Acquires New Blocks in the UK North Sea

CALGARY, ALBERTA--(Marketwire - Oct. 28, 2010) -

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Antrim Energy Inc. ("Antrim" or "the Company") (TSX:AEN) (AIM:AEY), today announces it has been notified by the UK Department of Energy and Climate Change that it has been offered two new blocks in the UK North Sea in the 26th Seaward Licensing Round.

Block 21/29d is located in the Company's core Greater Fyne Area in the Central North Sea, and has been offered as a Promote Licence (Antrim 100%). The block contains several exploration targets defined by 3-D seismic, including the "Carra" Eocene Tay Prospect at 5000 feet (1525 metres) drilling depth and the "Erne" Eocene Tay Prospect at 5200 feet (1585 metres) drilling depth. The block falls within the joint venture area recently created between Antrim and Premier Oil, as announced on 06 October, 2010. Antrim's successful bid comprised the purchase and reprocessing of additional 3-D seismic data.

Block 21/7b is also located in the Central North Sea and has been offered as a Traditional Licence (Antrim 30%). The block contains the "Typhoon" Eocene Balder Prospect at 5600 feet (1710 meters), on trend with the recent Scolty oil and condensate discovery. The licence was acquired jointly with Premier Oil (70%, operator) with a bid comprising a firm well.

Stephen Greer, President and CEO of Antrim Energy, commented: "the successful acquisition of Block 21/29d enhances Antrim's commanding position in the Greater Fyne Area, adding to the Company's significant exploration portfolio in this core area. We anticipate exploration drilling in Greater Fyne to start in 2011. The acquisition of the Block 21/7b licence, including the Typhoon prospect, is part of the Company's strategy to expand its land holdings to similar play trends outside the Fyne area."

Forward-Looking Statements

Some of the statements in this announcement are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of Antrim Energy Inc. When used in this announcement, the word "anticipate" and similar expressions, and the negatives thereof, whether used in connection with recently awarded licences, drilling activity or otherwise, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcome to differ materially from those suggested by any such statements. 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, 2009 and dated March 23, 2010 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 Vice President Commercial of Antrim, is the qualified person that has reviewed the technical information contained in this news release.


FOR FURTHER INFORMATION PLEASE CONTACT:

Antrim Energy
Stephen Greer
President & CEO
(403) 264-5111
(403) 264-5113 (FAX)
greer@antrimenergy.com
or
Antrim Energy
Scott Berry
Manager, Investor Relations
(403) 264-5111
(403) 264-5113 (FAX)
berry@antrimenergy.com
or
Antrim Energy
Terry Lederhouse
Vice President Commercial
(403) 264-5111
(403) 264-5113 (FAX)
lederhouse@antrimenergy.com
www.antrimenergy.com
or
Nominated Adviser on AIM:
RBC Capital Markets
Martin Eales
+44 (0) 20 7029 7881