Antrim Begins Pre-Drilling Site Surveys in North Sea

Antrim Begins Pre-Drilling Site Surveys in North Sea

Tuesday, April 19, 2011
Antrim Energy Inc.

Antrim has contracted the survey vessel Kommander Jack and has commenced work to obtain site surveys in preparation for the 2011 UK North Sea drilling program.

Surveys will be obtained over the West Teal, Carra and Erne prospects, located in the Greater Fyne Area in Blocks 21/24b, 21/28b and 21/29d. The West Teal and Carra surveys are expected to confirm the surface drilling locations for two wells targeting the Jurassic Fulmar and Eocene Tay formations respectively, as previously disclosed on March 28, 2011. The West Teal prospect (Antrim 100%) is located in the northeast portion of the Greater Fyne Area approximately 3 km west of the Teal Field. The Carra prospect (Antrim 100 %) is located adjacent to and southeast of the Fyne Field. The Erne survey in Block 21/29d (Antrim 100%) has been added to the program to identify a surface location for a contingent well on that feature, an oil prospect in the Eocene Tay Formation located between the Fyne and NW Guillemot fields at a drilling depth of 6,500 ft.

Well project management and drilling services, including management of the site survey, are being provided to Antrim by AGR Petroleum Services. The site surveys should be completed in May in preparation for the exploration drilling program scheduled to start mid-year 2011. This exploration drilling program is in addition to the planned appraisal well to be drilled on the Fyne Field later this year, as announced on April 04, 2011.