Jul 14, 2008 - 13:16 ET Antrim Energy Appoints New CFO

CALGARY, ALBERTA--(Marketwire - July 14, 2008) - 


Antrim Energy Inc. ("the Company") (TSX:AEN) (AIM:AEY), an international oil and gas exploration and production company, is pleased to announce the appointment of Mr. Douglas B. Olson, CA, CFA, as its Chief Financial Officer effective July 28, 2008. Mr. Olson joins Antrim's executive management team with an extensive 30-year background in financial governance, corporate finance, strategic planning and reporting.

Mr. Olson, has held senior financial positions at a number of public companies in the energy services, power generation and exploration & production sectors. Most recently, as Vice President, Finance of an Income Trust, he managed key components of its $3.6 billion privatization. Mr. Olson obtained a Bachelor of Commerce degree from the University of Calgary and holds Chartered Accountant and Chartered Financial Analyst designations.

"We are extremely pleased Doug has agreed to join Antrim. He brings a wealth of financial and industry experience that will add significantly to the existing strong management team," commented Stephen Greer, President and CEO. "In addition to looking after the financial health of the company, Doug will also assist with corporate finance and corporate development capabilities in support of future acquisitions, joint ventures and financings."

As previously announced, Anthony Potter will remain at the Company until August 15, 2008, and thereafter provide services as needed in order to facilitate an orderly transition. Antrim would like to thank Mr. Potter for his significant contributions as Chief Financial Officer over the past five years.

About Antrim

Antrim Energy Inc. is a Canadian; Calgary based high-growth junior oil and gas exploration and Production Company with assets in the UK North Sea and Argentina. Antrim is listed on the Toronto Stock Exchange (AEN) and on the London Stock Exchange's Alternative Investment Market (AEY). Visit 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, 2007 and dated March 31, 2008 and available for viewing at, 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. 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.


Antrim Energy Inc. Stephen Greer President & CEO (403) 264-5111 (403) 264-5113 (FAX) Email: or Antrim Energy Inc. Kerry Fulton Chief Operating Officer (403) 264-5111 (403) 264-5113 (FAX) Email: Website: or Nominated Adviser Royal Bank of Canada Europe Limited Sarah Wharry +44 20 7653 4667