Aug 14, 2008 - 09:00 ET Antrim Energy Completes Testing on Latest Fyne Well, UK, Central North Sea

CALGARY, ALBERTA--(Marketwire - Aug. 14, 2008) - 


Antrim Energy Inc. ("Antrim" or "the Company") (TSX:AEN) (AIM:AEY), an international oil and gas exploration and production company, today announced it has successfully tested the latest Fyne well 21/28a-10z at rates up to 4,000 bopd. The well was drilled in the western area of the Fyne Field on the Company's central North Sea Block 21/28a, where Antrim holds a 75% interest.

As previously reported, the company-operated 21/28a-10z well was drilled as a sidetrack to 21/28a-10. The near vertical sidetrack encountered 60 ft of net oil pay in the Eocene Tay Sandstone. An additional 45 ft of gas pay was drilled in the Upper Tay Sandstone and remains untested. No oil/water contacts or gas/oil contacts were observed in either well. The reservoir section in the oil column was subsequently gravel packed and screened for the production test. The high flow rates of medium gravity oil, no water and a normal gas oil ratio tested under production conditions, are indicative of the very high reservoir quality Tay Sandstones drilled in this area.

"This 4,000 bopd test underscores the potential of the Fyne Field and gives us the confidence to proceed with a Field Development Plan for the area. The result also bodes well for expected production rates from Antrim's 21/28a-9y well, which penetrated 120 ft of measured depth net oil pay in the Tay Sandstone in the central part of the field," said Stephen Greer, President and CEO. "The successful test will lead to additional work by Antrim on other high interest discoveries and drilling prospects in the Fyne area."

To date, the 21/28a-10z well, was drilled ahead of schedule and under budget and will be retained as a future production well.

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 on AIM: Royal Bank of Canada Europe Limited Sarah Wharry + 44 20 7653 4667