News

Nov 24, 2014 - 17:59 ET Antrim Energy Inc. Acknowledges Announcement

CALGARY, ALBERTA--(Marketwired - Nov. 24, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

Antrim Energy Inc. ("Antrim" or "the Company") (TSX VENTURE:AEN)(AIM:AEY), an international oil and gas exploration company, notes the announcement made earlier today by Sound Oil plc ("Sound Oil") that it intends to launch a public offer ("the Intended Offer") to acquire the entire issued share capital of Antrim for shares of Sound Oil.

Antrim advises that its board of directors (the "Board") will carefully review and evaluate the announcement and Intended Offer consistent with its fiduciary duties and in consultation with its legal and financial advisers. The Board will consider the Intended Offer as set out in the announcement with a view toward pursuing the course of action which best maximizes shareholder value. The Board will respond once it has completed this process.

The Company has previously stated that it intends to use its strong balance sheet and licence holding to pursue opportunities either asset specific or corporate where an acquisition or a corporate combination would enhance shareholder value. Prior to the announcement, Antrim confirms that it received an expression of interest from Sound Oil and has attempted to engage in preliminary discussions with Sound Oil to allow Antrim the opportunity to independently assess, in detail, the business and assets of Sound Oil as well as the merits, if any, of a potential combination. The Company was and remains concerned by Sound Oil's previous unwillingness to allow the Company to undertake normal due diligence procedures which the Board considers important for achieving a fair outcome in the interest of all of Antrim shareholders. The Company invites Sound Oil to engage with Antrim in a conventional dialogue.

About Antrim

Antrim Energy Inc. is a Canadian, Calgary based junior oil and gas exploration company with assets in the UK North Sea and Ireland. Antrim is listed on the TSX Venture Exchange (AEN) and on the London AIM market (AEY). Visit www.antrimenergy.com for more information.

Forward-Looking and Cautionary Statements

This press release contains certain forward-looking statements and forward-looking information which are based on Antrim's internal reasonable expectations, estimates, projections, assumptions and beliefs as at the date of such statements or information. Forward-looking statements often, but not always, are identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeting", "forecast", "achieve" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements and information. Antrim believes that the expectations reflected in those forward-looking statements and information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements and information included in this press release and any documents incorporated by reference herein should not be unduly relied upon. Such forward-looking statements and information speak only as of the date of this press release or the particular document incorporated by reference herein and Antrim does not undertake any obligation to publicly update or revise any forward-looking statements or information, except as required by applicable laws.


FOR FURTHER INFORMATION PLEASE CONTACT:

Antrim Energy Inc.
Anthony Potter
President, Chief Executive Officer and Chief Financial Offic
+ 1 403 264-5111
potter@antrimenergy.com

RFC Ambrian Limited
James Biddle
+44 (0) 20 3440 6800