Antrim Energy (fka ATGYF)

[TenKay]

Antrim Energy (ATGYF) company dissolved Cusip suspended.

http://otce.finra.org/DailyList

[MrGoldenRooster]

Recent excellent news, for anyone interested :
http://antrim.mwnewsroom.com/press-releases/antrim-energy-inc-announces-prospective-resources-in-fel-1-13-republic-of-irelan-tsx-venture-aen-201407290959734001

This makes the Company worth watching, again.

[kraftdinner]

Antrim Energy completes East Causeway drilling


2006-07-24 03:42 MT - News Release

Mr. Stephen Greer reports

ANTRIM ANNOUNCES CAUSEWAY DRILLING SUCCESS

Antrim Energy Inc. has completed drilling on the Antrim-operated East Causeway well (Antrim 65.5 per cent) in the United Kingdom North Sea. The 211/23d-17z well has been cased for production and a testing program is expected to commence later this week.

The well was drilled as planned both at a high angle and horizontally through the prospective zones to a measured depth of 14,900 feet (4,542 metres), representing a true maximum vertical depth of 10,370 feet (3,161 metres). Electric log and other well data received to date indicate that the 23d-17z well intersected approximately 1,185 feet (361 metres) of net oil-bearing sandstone representing 57 feet (17.4 metres) net vertical thickness of potential reservoir. Prospective reservoirs include the Jurassic Ness and Tarbert formations drilled in two fault compartments. Several oil-bearing sandstone intervals were encountered, each interval demonstrating excellent reservoir quality on log analysis with an average porosity value of approximately 20 per cent.

The 23d-17z testing program is expected to take at least 14 days.

[kraftdinner]

Antrim to start drilling U.K. North Sea in September


2005-07-14 03:23 MT - News Release

Mr. Stephen Greer reports

ANTRIM UPDATES UK NORTH SEA OPERATIONS; THE BREDFORD DOLPHIN, SEMI-SUBMERSIBLE DRILLING RIG, HAS BEEN CONTRACTED TO DRILL CLACHNABEN, IN THE NORTHWEST PORTION OF BLOCK 211/22A IN THE UK NORTH SEA

Antrim Energy Inc. is releasing an update on its upcoming drilling program in the United Kingdom North Sea.

The company expects drilling operations to commence in mid-September, 2005, subject to regulatory and other approvals, on Antrim's United Kingdom North Sea Prometheus prospect, blocks 42/21 and 42/22, in the Southern Gas basin. The Prometheus prospect will target the prolific Permian Leman sandstone close to and on trend with the Ravenspurn gas fields that contain at least 1.6 trillion cubic feet of initial recoverable gas reserves. The Prometheus well, which is expected to cost approximately 5.5 million pounds sterling ($12.0-million (Canadian)), will be drilled to target depth at no cost to Antrim. Antrim's interest at the conclusion of the drilling operation will be 17.5 per cent.

Drilling operations on Antrim's second well, Clachnaben, in the northern sector of the United Kingdom North Sea, are expected to commence in October, 2005. The Clachnaben well will target the oil prone Jurassic Brent sandstone in block 211/22a, adjacent to the Cormorant oil field and related export infrastructure. Dana Petroleum PLC, the licence operator, has contracted the Bredford Dolphin semi-submersible drilling rig to drill the well. If drilling is successful, it is envisaged that a fast-track subsea tie-back development would be pursued jointly with the adjacent 211/22a-1 discovery which was drilled in 1977 and flowed 1,280 barrels per day of 31-degree API oil. At that time, the 211/22a-1 well was plugged and abandoned as being uneconomic. Under a farm-out agreement with Dana, the Clachnaben well will be drilled to the target formation at no cost to Antrim. Antrim's interest at the conclusion of the drilling operation will be 21 per cent.

Under the Dana farm-out agreement, and following the conclusion of drilling operations on Dana's earning well, Antrim will increase its working interest from 75.794 per cent to 79 per cent in the southeast portion of the block which includes the prospective Osprey Ridge area. A discovery well (211/22a-3) drilled in 1984 on this portion of the block tested oil at 5,512 barrels per day from the Jurassic Brent reservoir. This well was also plugged and abandoned as it was considered uneconomic at that time.

Antrim's third drilling operation in the United Kingdom North Sea, the Bennachie prospect, is also expected to commence in the fourth quarter of 2005. The Bennachie well, operated by Nexen Petroleum U.K. Limited, will target the Jurassic Fulmar sandstone approximately 1.5 kilometres from the original Bennachie discovery well 21/15a-2 which tested high-quality 39-degree API oil at a stabilized rate of 4,364 barrels per day and 2.67 million cubic feet per day of associated gas. Antrim will earn a 25-per-cent interest in the licence, including the original Bennachie discovery well. Gross drilling costs are expected to be approximately 7.8 million pounds sterling ($17.4-millionn (Canadian)).

We seek Safe Harbor.

[kraftdinner]

Antrim Energy to JV on North Sea block with Dana

2005-03-21 10:12 MT - News Release


Mr. Stephen Greer reports

ANTRIM UK NORTH SEA FARM-OUT FINALIZED, BLOCK 211/22A, EAST SHETLAND BASIN

Antrim Energy Inc. has finalized a formal farm-out agreement relating to Antrim's North Sea block 211/22a. Under the agreement, Dana Petroleum PLC, a leading United Kingdom exploration and production company, will earn a 54.790-per-cent working interest in the north and western areas of Antrim's block in exchange for financing 100 per cent of the cost of an exploration well up to a gross cost of 5.75 million pounds sterling ($14-million). Antrim will retain a 21-per-cent working interest in this area of the block.

Block 211/22a is situated between the producing Cormorant and Dunlin oil fields which to date have produced over 400 million and 380 million barrels of oil respectively. Dana intends to drill the Clachnaben prospect in the northwest portion of the block as part of its 2005 North Sea drilling program. A discovery well drilled in 1976 on the northwest portion of the block (211/22a-1) tested oil at a rate of 1,280 barrels of oil per day.

Under the agreement, and following Dana's earning well, Antrim will increase its working interest from 75.794 per cent to 79 per cent in the southeast portion of the block which includes the prospective Osprey Ridge area. A discovery well (211/22a-3) drilled in 1984 on this portion of the block tested oil at 5,512 barrels of oil per day from a Jurassic reservoir. Antrim anticipates it will be appointed operator of the southeastern (Osprey Ridge) portion of the block.


We seek Safe Harbor.

[Ed Monton]

Antrim Completes Acquisition of Oil and Gas Fields in
Argentina

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - Feb. 14,
2005) - Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim") is pleased to
announce that it has completed the purchase of producing oil and natural
gas assets in the Tierra del Fuego region in southern Argentina.

The assets consist of a 25.78% working interest in three producing
exploitation concessions. The cost of the acquisition was approximately
US$5.7 million after closing adjustments, and was funded from existing
working capital. The acquisition adds approximately 140 bopd, 2.6 mmcf/d
of natural gas and 60 barrels of LPG's (butane and propane) per day to
Antrim's production. The effective date of the transaction was October
28, 2004.

Antrim is also pleased to report that an extensive 3-D seismic survey
has commenced over the Tierra del Fuego property. The survey will cover
300 km2 of prospective land and is expected to be completed within eight
weeks.

Stephen Greer, CEO of Antrim said "the successful acquisition of these
oil and gas fields strengthens our position in Argentina and underscores
our commitment to high net-back production growth, the acquisition
adding at least 100% to our current daily production in a duty and
tax-free area. Together with our partners, we believe that the new
properties will yield significant production increases through low risk
drilling. To capture these additional drilling opportunities we have
already initiated a comprehensive 300 km2 3-D seismic survey."

Antrim continues to focus on two primary areas, Argentina the site of
its latest production acquisition, and the UK where Antrim recently
announced the acquisition of additional interest in the North Sea Block
211/22a, the "Osprey Ridge."

Certain statements contained in this press release may be considered as
"forward looking." Such "forward looking" statements are subject to
risks and uncertainties that could cause actual results to differ
materially from estimated or implied results.

Updated information about Antrim can be accessed on its website:
www.antrimenergy.com

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Antrim Energy Inc.
Stephen Greer
Chairman & CEO
[phone]
[phone] (FAX)
Email: [e-mail]
or
Antrim Energy Inc.
Dwayne Warkentin
Vice-President, Operations
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.antrimenergy.com
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.

[Ed Monton]

Antrim Corporate Update

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - Jan. 18,
2005) - Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim") announced
today that it has exercised a right to acquire an additional 18.19%
working interest in UK North Sea Licence P.201 (Block 211/22a, "Osprey
Ridge"). The acquisition will increase Antrim's interest in the Block
from 57.6% to 75.79%. Closing of the purchase is expected to occur prior
to the end of January 2005.

Antrim also announces that Mr. Murray Sinclair has resigned from the
Board of Directors. Antrim would like to thank Mr. Sinclair for his many
contributions since joining the Board in October 2002. Mr. Sinclair's
insight and valuable input will be missed.

Certain statements contained in this press release may be considered as
"forward looking". Such "forward looking" statements are subject to
risks and uncertainties that could cause actual results to differ
materially from estimated or implied results.

Updated information about Antrim can be accessed on its website:
www.antrimenergy.com

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Antrim Energy Inc.
Stephen Greer
Chairman & CEO
[phone]
[phone] (FAX)
Email: [e-mail]
or
Antrim Energy Inc.
Keith Skipper
Executive Vice-President
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.antrimenergy.com
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.

[kraftdinner]

Antrim Updates UK Activities
NEWS RELEASE TRANSMITTED BY CCNMatthews


CALGARY, ALBERTA AND LONDON, UNITED KINGDOM--(CCNMatthews - Nov. 29,
2004) - Antrim (TSX:AEN) (LSE-AIM:AEY) is pleased to announce it has
signed an agreement with a US-based international energy company whereby
the company will, subject to regulatory and other approvals including
the negotiation of a definitive farm-in agreement and a joint operating
agreement, farm-in on Antrim's 60% interest in UK Blocks 42/21 and
42/22, located in the Southern Gas Basin of the North Sea. Under the
agreement, the new participant will use reasonable efforts to commit to
drilling a well on Block 42/21 by May 31, 2005. Provided that the
remaining 40% of the working interest is funded, the participant will
pay 60% of the well costs to earn a 45% interest in both Blocks. The
well, which will test a gas target in the Rotliegendes Formation, will
be drilled at no cost to Antrim. Antrim will retain a 15% interest in
the well and in Blocks 42/21 and 42/22. Under the same agreement, Antrim
has granted the participant an option to farm-in under similar terms on
Block 42/23 (Antrim 60% interest).

The exploration well in the southern gas basin will be drilled in a
mature area containing some of the UK's largest gas fields. The farm-in
blocks are located less than 20 km northwest of the Ravenspurn complex,
which has produced 1.6 Tcf of natural gas since production began in 1989.

Also in the UK North Sea, Antrim has committed to drill a well on Block
211/22a (Antrim 57.6%). This drilling commitment preserves the licence
on Block 211/22a, which contains two significant undeveloped oil
discoveries.

Antrim will open and staff an office in the UK early in 2005. This
commitment reflects the company's growing presence and our forecast
increased level of activity in the UK North Sea.

Stephen Greer, Chairman and CEO of Antrim said: "The farm-in commitment
will allow Antrim to concentrate on its recently acquired interests in
Block 211/22a, the 'Osprey Ridge' which will also be drilled in 2005.
This strategic farm-out will adjust the company's risk profile in favour
of the lower risk oil development projects represented both by the
discoveries in Block 211/22a and Antrim's recently announced production
successes in Argentina."

Certain statements contained in this press release may be considered as
"forward looking". Such "forward looking" statements are subject to
risks and uncertainties that could cause actual results to differ
materially from estimated or implied results. The TSX has not reviewed
and does not accept responsibility for the adequacy or accuracy of this
release.

FOR FURTHER INFORMATION PLEASE CONTACT:


FOR FURTHER INFORMATION PLEASE CONTACT:

Antrim Energy Inc.
Stephen Greer
Chairman & CEO
[phone]
[phone] (FAX)
Email: [e-mail]
or
Antrim Energy Inc.
Keith Skipper
Executive Vice-President
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.antrimenergy.com

[kraftdinner]

Antrim Increases Interest in UK North Sea Licence and Discoveries
NEWS RELEASE TRANSMITTED BY CCNMatthews


CALGARY, ALBERTA--(CCNMatthews - Nov. 3, 2004) - (TSX: AEN) - LONDON, UK
(AIM: AEY)

Antrim Energy Inc. announced today that it has exercised its pre-emptive
right to acquire an additional 39.2% working interest in UK North Sea
Licence P.201 (Block 211/22a, "Osprey Ridge"). The acquisition will
increase Antrim's interest in the Block from 18.4% to 57.6%. Closing of
the purchase is expected to occur prior to the end of November 2004. The
other current participants in the Block are ENI UKCS Limited
(24%-Operator) and CNR International (UK) Limited (18.4%).

The Osprey Ridge Block in the East Shetland Basin of the North Sea is
situated between the producing Cormorant and Dunlin oilfields, which to
date have produced over 400 and 380 million barrels of oil respectively.
Two discovery wells have been drilled on the Block, the most significant
of which is 211/21a-3, which tested oil from three zones at a combined
rate of 6,186 bopd from the Jurassic Brent interval (5,512 bopd from a
single zone).

Antrim intends to evaluate additional drilling targets in the prolific
sandstones of the Jurassic Brent Group, including the trends defined by
the two discovery wells, with a view to drilling at least one well in
2005.

Stephen Greer, Chairman and CEO of Antrim said, "This acquisition again
underscores our commitment to increase Antrim's presence in the UK North
Sea. Block 211/22a contains two significant oil discoveries and Antrim
will pursue both exploration and development opportunities related to
these discoveries. We are very pleased to be able to secure a majority
interest in this Block and continue with our strategy of growth in the
U.K. North Sea."

Certain statements contained in this press release may be considered as
"forward looking". Such "forward looking" statements are subject to
risks and uncertainties that could cause actual results to differ
materially from estimated or implied results. The TSX has not reviewed
and does not accept responsibility for the adequacy or accuracy of this
release.

Updated information about Antrim can be accessed on its website:
www.antrimenergy.com

FOR FURTHER INFORMATION PLEASE CONTACT:


FOR FURTHER INFORMATION PLEASE CONTACT:

Antrim Energy Inc.
Stephen Greer
Chairman & CEO
[phone]
[phone] (FAX)
Email: [e-mail]
or
Antrim Energy Inc.
Keith Skipper
Executive Vice-President
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.antrimenergy.com

[Ed Monton]

Don't kick yourself too hard. It sounds like you did okay. Anyway, it could have gone the other way...

[kraftdinner]

Yep. Sold some at 1.60, 2.20, 1.40 and the last qtr at 0.98 and 1.04 for a small loss. On the brighter side I have lots of cash right now, will wait a bit to see what the stock does but will probably buy some for the UK drilling next year. Made back what I went down in the metals correction and a little more, but I had hoped for better and am kicking myself a bit for not selling more sooner as I gave back a healthy chunk of change.

Looking at a few miners and a few oilers, quarterly earnings will be out in a few weeks and I expect there to be a few corrections in some of the domestic oils but generally the values from the spring and summer will still look like values. I might tighten up on what I consider a decent debt:ACFPS ratio to guard against managements possible mismanagement when the POO correction comes, anybody under 1.0 should be safe. Still think TUI is the best buy out there and a long term, if less than exciting, hold.

Currently 30/30/30 metals/oils/cash. Will add 2 or 3 miners and pick a few oils to go a little heavier on. Would like to be about 70% oil.

[Ed Monton]

I take it the Australia play was a bust? I hope you sold when it started to go down.

There's some news tonight on their Argentina wells.

Antrim Announces Successful Results from Operations in
Argentina

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - Oct. 28,
2004) - Antrim Energy Inc. ("Antrim") (TSX: AEN) (AIM: AEY) is pleased
to announce the results of recent and continuing workover operations
from the Puesto Guardian Oil Field (Antrim 40% working interest) in
Argentina. To-date Antrim has completed work on three wells suspended by
a former operator in the Dos Puntitas Pool. Workover operations, which
started in September 2004, have resulted in three successful
completions. Well DP-10 tested 250 bopd and is currently flowing to
surface at 60 bopd. With pumping equipment DP-10 is expected to produce
at a stabilized rate of approximately 100 bopd. Well DP-12 tested 170
bopd and is currently pumping at a stabilized rate of 135 bopd. Well
DP-15 has also been successfully completed and tested at 60 bopd. Well
DP-15 is currently being equipped to pump and is expected to be on long
term production in November 2004.

Workover operations are continuing in the field with another three wells
scheduled for recompletion before the end of the year. Recently
completed construction of additional processing facilities in Puesto
Guardian has allowed the Company to receive immediate benefit from the
incremental production (greater than 100 bopd net to Antrim) and sales
gained from the new production has already paid out the costs of the
operations to-date.

Oil production from the Puesto Guardian Field (1450 bopd) is currently
at its highest level since 1988. The field peaked production in 1983
producing 9500 bopd. Antrim intends to continue this successful
re-development program to maximize production from this area.

Certain statements contained in this press release may be considered as
"forward looking". Such "forward looking" statements are subject to
risks and uncertainties that could cause actual results to differ
materially from estimated or implied results.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Antrim Energy Inc.
Stephen Greer
Chairman & CEO
[phone]
[phone] (FAX)
Email: [e-mail]
or
Antrim Energy Inc.
Keith Skipper
Executive Vice-President
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.antrimenergy.com
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.

[kraftdinner]

7 October, 2004

Announcement to ASX & Media Release

Weekly Drilling Report - South Galapagos-1
Southern Browse Basin


South Galapagos-1 Well Location


Magellan Petroleum Australia Limited advises that the South Galapagos-1 exploration well in exploration permit WA-306-P (southern Browse Basin of the North West Shelf, offshore Western Australia) spudded at 01:00 hours WST on 5 October, and at 06:00 hours WST today was at a depth of 1,655 metres and drilling ahead in 171/" hole. The well is being drilled by Antrim Energy Australia, operator of the WA-306-P joint venture, with Magellan being fully funded through the drilling of the well.

South Galapagos - 1 Details:

Exploration Permit: WA-306-P

Location: Southern Browse Basin, Offshore Western Australia Approximately 280 km North West of Broome

Coordinates: Latitude: 15° 53' 37.7" South
Longitude: 120° 43' 40.928" East (GDA 94)
Water Depth: 342 metres
Proposed Total Depth: 3,772 metres RT
Operator: Antrim Energy Australia
Drilling Rig: Sedco 703 semi-submersible drilling rig
Primary Objective: Jurassic Lower Vulcan and Plover Formations
Current Operations: The well spudded at 01:00 hours Australian Western Standard Time on 5 October 2004. 30" conductor was set at 415 metres and at 06:00 hrs WST on 7 October the well was at a depth of 1,655 metres BRT and drilling ahead in 171/" hole.

Participants in the South Galapagos-1 well are:

Magellan Petroleum (WA) Pty Ltd
(a wholly-owned subsidiary of Magellan Petroleum Australia Limited)
12.5%

Antrim Energy Australia Pty Limited (Operator) 32.5%
ONGC Videsh Limited 55.0%

For further information, please contact either Dr Gwynn Davies, General Manager or
Mr Paul Lipski, Exploration Supervisor - Phone: [phone].

[kraftdinner]

Antrim Commences Drilling of South Galapagos # 1 Well
10/5/04

CALGARY, ALBERTA and LONDON, UNITED KINGDOM, Oct 5, 2004 (CCNMatthews via COMTEX) --
(TSX: AEN)(AIM: AEY)--Antrim Energy Inc. ("Antrim") announces that drilling has commenced on Antrim's South Galapagos #1 well location on Permit WA-306-P, NorthWest Shelf of Australia. The well is being drilled from
the Transocean Sedco 703 semi-submersible drilling platform. The 3,772 metre drilling operation is anticipated to take 32 days.

Permit WA-306-P contains a cluster of drilling prospects including "Galapagos" and "South Galapagos". South Galapagos #1 is the first well to be drilled on the permit.

Antrim, through its wholly owned subsidiary Antrim Energy Australia Pty Limited, is the operator of the project and retains a 32.5% working interest in the permit. In August 2004, Antrim entered into a Farmout Agreement with ONGC Videsh Limited ("OVL") whereby OVL will earn a 55% working interest in permit WA-306-P for funding 80% of the gross well cost up to USD$9.0 million. The remaining 12.5% working interest is held by Magellan Petroleum (W.A.) Pty. Ltd.

Certain statements contained in this press release may be considered as "forward looking". Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Updated information about Antrim can be accessed on its website: www.antrimenergy.com

Antrim Energy Inc.Stephen GreerChairman & CEO(403) 264-5111(403) 264-5113 (FAX)Email: [e-mail] Energy Inc.Keith SkipperExecutive Vice-President(403) 264-5111(403) 264-5113 (FAX)Email: [e-mail]: www.antrimenergy.com
NEWS RELEASE TRANSMITTED BY CCNMatthews
Copyright (C) 2004, CCNMatthews. All rights reserved.

[kraftdinner]

Antrim Energy increases its equity in Promote blocks

2004-10-01 16:23 ET - News Release


Mr. Stephen Greer reports

ANTRIM EXERCISES OPTION IN UK NORTH SEA

Antrim Energy Inc. has exercised its option and increased its equity in Promote licence blocks 42/21 and 42/22 from 20 per cent to 60 per cent. Blocks 42/21 and 42/22 are located in the southern North Sea gas basin and were awarded as part of the 21st offshore licencing round in October, 2003. From the date of the award, Antrim has two years in which to commit to the drilling of one well or drop the blocks.

Blocks 42/21 and 42/22 are adjacent to block 42/23 recently offered to Antrim pursuant to the United Kingdom's 22nd offshore licencing round. Antrim is the designated permit administrator of the three blocks. In September, 2004, Antrim announced its intention to drill an exploration well on block 42/21 in early 2005.

WARNING: The company relies upon litigation protection for "forward-looking" statements.

[kraftdinner]

Antrim Starts Offshore Operations in Australia
9/28/04

YA BABY!

CALGARY, ALBERTA and LONDON, UNITED KINGDOM, Sep 28, 2004 (CCNMatthews via COMTEX) --
(TSX: AEN)(AIM: AEY)

Antrim Energy Inc. ("Antrim") has been advised by The Peak Group, who are managing Antrim's drilling operations in Australia, that Transocean's semi-submersible drilling platform, Sedco 703, has been released by Woodside to Antrim. Mobilization and anchoring of the platform is expected to take, weather permitting, approximately 3 days. Drilling operations are anticipated to begin within 48 hours of the rig being secured at the South Galapagos #1 location.

The South Galapagos #1 well is to be drilled on Permit WA-306-P on the NorthWest Shelf of Australia. The well is to be drilled in 344 meters of water to a projected depth of 3,772 meters subsea in the Jurassic section. Drilling time to total depth is estimated to be 32 days. In August 2004 Antrim announced an agreement whereby ONGC Videsh Limited ("OVL") will earn a 55% working interest in the permit by funding 80% of the gross well cost up to USD$9.0 million. Antrim is Operator of the project and will retain a 32.5% working interest in the permit. The remaining 12.5% working interest is held by Magellan Petroleum (WA) Pty. Ltd.

Certain statements contained in this press release may be considered as "forward looking". Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

Updated information about Antrim can be accessed on its website: www.antrimenergy.com

Antrim Energy Inc.Stephen Greer Chairman & CEO(403) 264 5111(403) 264 5113 (FAX)Email: [e-mail] Energy Inc.Keith Skipper Executive Vice-President(403) 264 5111(403) 264 5113 (FAX)Email: [e-mail]: www.antrimenergy.com
NEWS RELEASE TRANSMITTED BY CCNMatthews The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Copyright (C) 2004, CCNMatthews. All rights reserved.

[kraftdinner]

Woodside's POLKADOT-1 Update

TUESDAY, 28 SEPTEMBER 2004
Woodside Energy Ltd., a wholly-owned subsidiary of Woodside Petroleum Ltd. and Operator of the WA-313-P Joint Venture, reports that on 28 September 2004 the Polkadot-1 exploration well is being plugged and abandoned. It is anticipated that the rig will be released on 29 September 2004.

The POLKADOT-1 well appraised the Hyland Bay Formation down dip of the Penguin-1 gas discovery. A 4 metre gross gas-bearing interval was intersected and sampled by wireline tools only.

The well was deepened to evaluate exploration targets in the Keyling Formation and intersected two gas-bearing intervals.

Since the last report, the larger gas-bearing interval within the Keyling Formation was perforated over 19 metres and production tested. The tested interval did not flow hydrocarbons to surface and the results are being evaluated.

Woodside’s interest in WA-313-P is 50%. The other participant is Eni Australia B.V. (50%).

[kraftdinner]

Woodside's POLKADOT-1 Update
This might be the last update we get before they announce test results and the release of the rig. I think we wait until next week though.
KD


TUESDAY, 21 SEPTEMBER 2004
Woodside Energy Ltd., a wholly-owned subsidiary of Woodside Petroleum Ltd. and Operator of the WA-313-P Joint Venture, reports that on 21 September 2004 the Polkadot-1 exploration well is being prepared for production testing.

Since the last report, wireline logging was completed and a 7 inch liner was run. All reported depths are referenced to the rig rotary table.

Woodside’s interest in WA-313-P is 50%. The other participant is Eni Australia B.V. (50%).

[Ed Monton]

Antrim Acquires New Property in North Sea

CALGARY, ALBERTA AND LONDON, UNITED KINGDOM--(CCNMatthews - Sept.
15, 2004) - (TSX: AEN)(AIM: AEY)

Antrim Energy Inc. ("Antrim") is pleased to provide the following
update of its activity in the United Kingdom.

Antrim has been offered Block 42/23, located in the United
Kingdom's North Sea southern gas basin, as a Promote Licence
Award under the UK's competitive 22nd Offshore Licensing Round.
Under the terms of the award, Antrim will have two years in which
to commit to the drilling of one well or relinquish the Block.
Antrim, the designated "Permit Administrator", will have a 60%
interest in the new Block.

Block 42/23 is adjacent to Antrim's other properties in the
southern gas basin, Blocks 42/21 and 42/22. The Company is
planning to drill an exploration well on Block 42/21 early in
2005. Under an agreement with UK-based Wham Energy, Antrim also
has an option to increase its equity in Blocks 42/21 and 42/22
from 20% to 60% before October 1, 2004.

Antrim's current land holdings in the southern gas basin are
located in a mature area containing some of the UK's largest gas
fields. Block 42/23 is situated 13 km northwest of the Ravenspurn
complex which has produced 1.6 Tcf natural gas since production
began in 1989.

Certain statements contained in this press release may be
considered as "forward looking". Such "forward looking"
statements are subject to risks and uncertainties that could
cause actual results to differ materially from estimated or
implied results.

Updated information about Antrim can be accessed on its website:
www.antrimenergy.com

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Antrim Energy Inc.
Stephen Greer
Chairman & CEO
[phone]
[phone] (FAX)
Email: [e-mail]
or
Antrim Energy Inc.
Keith Skipper
Executive Vice-President
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.antrimenergy.com
The TSX has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.

[kraftdinner]

Woodside Makes Discovery with Polkadot-1
Woodside Tuesday, September 14, 2004



Woodside reports that the Polkadot-1 exploration well is now running wireline logs. The well was drilled to a total depth of 3,791 meters.

Preliminary evaluation indicates that the Polkadot-1 well, which was drilled on the southern flank of the Polkadot structure, has intersected three gas zones with a cumulative gross thickness of approximately 50 meters. Production testing is being planned to establish reservoir producibility.

The well was drilled by Transocean's semisub, Sedco 703.

Woodside is operator of WA-313-P and holds a 50%. The other participant is Eni Australia B.V. (50%).

[kraftdinner]

Woodside drilling report
TUESDAY, 7 SEPTEMBER 2004

Woodside Energy Ltd., a wholly-owned subsidiary of Woodside Petroleum Ltd. and Operator of the WA-313-P Joint Venture, reports that on 7 September 2004 the Polkadot-1 exploration well was drilling ahead at a depth of 3,325 metres. Polkadot-1 is located approximately 30 kilometres north of the Blacktip gas discovery.

Since the last report, drilling continued in the 12¼ inch hole from 1,427 metres to 1,705 metres where 95/8 inch casing was set. Drilling continued in 8½ inch hole from 1,705 metres to the current depth.

All reported depths are referenced to the rig rotary table. Woodside’s interest in WA-313-P is 50%. The other participant is Eni Australia B.V. (50%).

[kraftdinner]

Woodside Energy Ltd. reports that the Polkadot-1 exploration well located in the Joseph Bonaparte Gulf in permit WA-313-P was spudded on August 29, 2004. Currently the well is drilling ahead at 1,427 meters.

Transocean's semisub, Sedco 703, is drilling the well. The location is approximately 300 kilometers south west of Darwin. Water depth at the location is 65 meters. Planned total depth is approximately 3,400 meters.

All reported depths (except water depth) are referenced to the rig rotary table.

Woodside's interest in WA-313-P is 50%. The other participant is Eni Australia B.V. (50%).

[kraftdinner]

ANTRIM ANNOUNCES FARMOUT OF SOUTH GALAPAGOS-1 WELL, OFFSHORE AUSTRALIA

Antrim Energy Inc. has entered into a farm-out agreement with ONGC Videsh Ltd. (OVL), whereby OVL will earn a 55-per-cent working interest in permit WA-306-P, Barcoo subbasin, for financing 80 per cent of the gross well cost, up to $9.0-million (U.S.), of Antrim's proposed South Galapagos No. 1 well, offshore Australia. Antrim will remain operator of the project and retain a 32.5-per-cent working interest in the permit. The remaining 12.5-per-cent working interest is held by Magellan Petroleum (W.A.) Pty. Ltd. Completion of the farm-out agreement is subject to certain conditions, including the approval of the Australian Foreign Investment Review Board.

The South Galapagos No. 1 well is scheduled to spud in September using Transocean's semi-submersible drilling platform the Sedco 703. The Sedco 703 drilling rig has been released by Chevron Texaco from its successful Wheatstone-1 location and is scheduled to drill one additional well before being made available to Antrim.

Permit WA-306-P contains a cluster of drilling prospects including Galapagos and South Galapagos. The first well, South Galapagos No. 1, will be drilled on permit WA-306-P, in 345 metres of water, to a projected depth of 3,775 metres in the Jurassic section. Drilling time to total depth is estimated to be 32 days.

ONGC Videsh Ltd. is a wholly owned subsidiary of the Oil and Natural Gas Corp. Ltd., India's largest integrated oil and gas company. OVL operates exclusively in international markets and is active in Asia Pacific, the Middle East and Africa.

Stephen Greer, chairman and chief executive officer of Antrim, said: "OVL's participation in this strategic farm-out underscores the high potential of our Australian drilling operation. The farm-out also ensures that Antrim will be well funded to participate in any development of a successful discovery in Australia and will further allow the company to accelerate its drilling program in the United Kingdom North Sea. Antrim retains operatorship in the Australian venture and the company has reinforced its strategy of high working interests in all of its high-impact exploration drilling programs."

WARNING: The company relies upon litigation protection for "forward-looking" statements.

[kraftdinner]

John Clarke has issued an updated report on the companies website.

http://www.antrimenergy.com/BullletinAugust2004.pdf

[kraftdinner]

ChevronTexaco Announces Natural Gas Discovery in Australia

SAN RAMON, Calif., Aug. 24 /PRNewswire-FirstCall/ -- ChevronTexaco Corp. today announced a significant natural gas discovery at its Wheatstone-1 well, located offshore 110 miles west-northwest of Dampier in Western Australia. A production test on the well, in retention lease WA-17-R, established a flow rate of 54 million cubic feet per day, which was constrained by rig equipment. The lease is held 100 percent by ChevronTexaco affiliates ChevronTexaco Australia Pty Ltd and Texaco Australia Pty Ltd. The Wheatstone Field extends north into an adjacent permit, WA-253-P, where ChevronTexaco affiliates also hold a 100 percent interest. George Kirkland, president of ChevronTexaco Overseas Petroleum, said, "This discovery underscores ChevronTexaco's strategy of focusing our exploration program on high-impact opportunities. Our continued exploration success in Australia, combined with our natural gas development plans, offers great prospects for gas customers, both in Australia and throughout the
Asia-Pacific Basin."

Jay Johnson, managing director of ChevronTexaco Australia, said the Wheatstone discovery would be an important addition to ChevronTexaco Australia's gas resources. "The discovery further confirms the world-class gas resources offshore Western Australia and is the latest step in our ongoing efforts to explore and develop Australia's gas resources."

The Wheatstone-1 well was spudded on July 23, 2004, and drilled to a true vertical depth of 11,096 feet using the semisubmersible Transocean "SEDCO 703" drilling rig in water depths of approximately 700 feet. The well encountered approximately 175 feet of net gas sands in the objective Jurassic Tithionian and Triassic Mungaroo AA sands within a 413-foot hydrocarbon column.

ChevronTexaco Australia is operator and joint-venture participant in the Gorgon development and permits in the Greater Gorgon Area, joint-venture participant in the North West Shelf Venture, and operator and joint venture participant in the Barrow Island and Thevenard Island oil fields, all located
off the northwest coast of Australia.

Currently celebrating its 125th anniversary, ChevronTexaco is the fifth-largest energy company in the world, based on market capitalization. With more than 50,000 employees, ChevronTexaco conducts business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and marketing and distributing fuels and other energy products. ChevronTexaco is based in San Ramon, Calif. More information on ChevronTexaco is available at www.chevrontexaco.com

Cautionary Statement Relevant to Forward-Looking Information for the Purpose of "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995.
Some of the items discussed in this press release are forward-looking statements about ChevronTexaco Corporation's intent to explore for and develop natural gas discoveries offshore Western Australia. These statements are based on management's current expectations, estimates and projections. The
statements included in this release are not guarantees. Actual outcomes and results could differ materially from what is expressed or forecasted in these
forward-looking statements.

SOURCE ChevronTexaco Corp.
-0- 08/24/2004
/CONTACT: Stan Luckoski of ChevronTexaco Corp., [phone]; or James
Pearson of ChevronTexaco Australia Pty Ltd, [phone]/
/Web site: http://www.chevrontexaco.com /
(CVX)

CO: ChevronTexaco Corp.; ChevronTexaco Australia Pty Ltd
ST: California, Australia
IN: OIL
SU: PDT DSC
http://www.prnewswire.com

[kraftdinner]

Antrim Energy Inc. Announces 2004 Second Quarter
Financial and Operational Results

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - Aug.
13, 2004) -

Antrim Energy Inc. ("Antrim")(TSX: AEN)(AIM: AEY) is pleased to
report its financial and operational results for the six month
period ended June 30, 2004.

Highlights for the first six months include:

- Majority of contracts awarded for Antrim's first well offshore
Australia

- Acquired interest in UK licence and discoveries

- 25% increase in oil production

- Increased cash flow from operations

- Strong working capital position

Antrim's activities in the first half of 2004 have closely
followed the theme of this year's annual report, Risk, Leadership
and Discovery. Antrim remains on track to drill its South
Galapagos #1 exploration well on the NorthWest Shelf of Australia
in September 2004. The drilling rig, Transocean's
semi-submersible drilling platform SEDCO 703, is currently
operating on the NorthWest Shelf and could be available to Antrim
as early as the first half of September 2004.

In June 2004, Antrim announced that it had entered into an
agreement to purchase an 18.4% working interest in UK North Sea
Licence P.201 (Block 211/22a, "Osprey Ridge"). Two discovery
wells have been drilled on the licence. This block is situated
between the producing Cormorant and Dunlin oilfields, which to
date have produced over 400 and 380 million barrels of oil
respectively.

Antrim has continued to increase production levels from the
Puesto Guardian Field, Argentina. Oil production in the first
half of 2004 was 442 barrels of oil per day compared to 429
barrels of oil per day in the fourth quarter of 2003 and an
average of 354 barrels of oil per day in the first half of 2003.
An additional 6-well workover program on previously shut-in
wells, initially expected to commence in May 2004, was delayed
due to rig availability and is now expected to commence in August
2004.

Antrim generated cash flow from operations in the six month
period ended June 30, 2004 of $653,924 ($0.02 per share) compared
to a net cash outflow of $121,456 ($0.01 per share) in the
comparable period in 2003. Net income (loss) in the first six
months of 2004 was a loss of $228,637 ($0.01 per share) compared
to a net loss of $1,827,429 ($0.09 per share) in 2003. Net income
increased primarily due to a write-down in the first quarter of
2003 of Antrim's Tunisian assets following the deepening and
subsequent abandonment of Chott Fejaj #3 well in February 2003.


/T/

Financial and Operating Results

-------------------------------------------

 
 Financial Results          Three Months Ended        Six Months Ended 
 ($000's except per                    June 30,                June 30, 
  share amounts)              2004        2003        2004        2003 
 -----------------------   -------  ----------  ----------  ---------- 
  
 Revenue                     1,677       1,010       3,275       2,488 
 Cash flow from 
  operations                   215        (468)        654        (121) 
 Cash flow from 
  operations per share        0.01       (0.02)       0.02       (0.01) 
 Net earnings (loss)          (241)       (681)       (229)     (1,808) 
 Net earnings (loss) 
  per share                  (0.01)      (0.03)      (0.01)      (0.09) 
 Working capital            14,921       7,886      14,921       7,886 
 Capital expenditures         (718)       (942)     (1,177)     (2,996) 
 Debt                          Nil         Nil         Nil         Nil 
  
 Common shares 
  outstanding (000's) 
 End of period              31,403      20,084      31,403      20,084 
 Weighted average 
  - basic                   31,387      20,062      31,369      20,056 
 Weighted average 
  - fully diluted           38,406      20,527      38,389      20,521 
  
 Operating Results 
 Wellhead price ($/BOE)      39.69       33.14       38.65       36.88 
 Royalties ($/BOE)           (6.31)      (5.42)      (5.48)      (4.93) 
 Operating expenses 
  ($/BOE)                    (6.87)     (14.55)      (8.30)      (9.37) 
                           ------------------------------------------- 
 Netback ($/BOE)             26.51       13.18       24.87       22.58 
                           ------------------------------------------- 
 Oil and natural gas 
  production (BOE)          42,244      30,463      84,746      67,463 
                           ------------------------------------------- 
 Oil and natural gas 
  production (BOE 
  per day)                     464         335         466         373 
                           ------------------------------------------- 
  
 Certain statements contained in this press release may be considered 
 as "forward looking". Such "forward looking" statements are subject 
 to risks and uncertainties that could cause actual results to differ 
 materially from estimated or implied results. 
  
 Updated information about Antrim can be accessed on its website: 
 www.antrimenergy.com 
  
  
  
 Antrim Energy Inc. 
 Consolidated Balance Sheets 
 As at June 30, 2004 and December 31, 2003 (Unaudited) 
  
 ---------------------------------------------------------------------- 
  
                                                    2004           2003 
                                                       $              $ 
                                          --------------  ------------- 
                                                            (restated - 
                                                                 note 3) 
 Assets 
 Current assets 
 Cash and cash equivalents                    10,271,982     15,136,075 
 Funds held in escrow                          4,318,523              - 
 Accounts receivable                           1,009,077      1,038,046 
 Inventory and other                             558,988        618,793 
                                          --------------  ------------- 
                                              16,158,570     16,792,914 
  
 Petroleum and natural gas properties 
  (notes 2 and 3)                              9,515,298      9,003,637 
 Office equipment - net of accumulated 
  amortization of $440,620 
  (2003 - $380,620)                              151,581        191,466 
                                          --------------  ------------- 
  
 Total Assets                                 25,825,449     25,988,017 
                                          --------------  ------------- 
                                          --------------  ------------- 
  
 Liabilities 
 Current liabilities 
 Accounts payable and accrued liabilities        775,557      1,447,908 
 Income taxes payable                            461,559          1,245 
                                          --------------  ------------- 
                                               1,237,116      1,449,153 
  
 Future income taxes                              66,443         66,443 
  
 Site restoration provision (note 3)             354,469        337,669 
                                          --------------  ------------- 
                                               1,658,028      1,853,265 
  
 Shareholders' Equity 
  
 Share capital (note 4)                       34,872,942     34,772,554 
 Contributed surplus (note 4)                    282,028        121,110 
 Deficit                                     (10,987,549)   (10,758,912) 
                                          --------------  ------------- 
                                              24,167,421     24,134,752 
                                          --------------  ------------- 
 Total Liabilities and 
  Shareholders' Equity                        25,825,449     25,988,017 
                                          --------------  ------------- 
                                          --------------  ------------- 
  
  
 Antrim Energy Inc. 
 Consolidated Statements of Income (Loss) and Deficit 
 For the Periods Ended June 30, 2004 and 2003 (Unaudited) 
  
 ---------------------------------------------------------------------- 
                                 Three Months                Six Months 
                                Ended June 30,            Ended June 30, 
                             2004        2003         2004         2003 
                                $           $            $            $ 
                     ------------- ----------- ------------ ----------- 
                                    (restated                 (restated 
                                     - note 3)                 - note 3) 
 Revenue 
 Oil and gas sales      1,676,537   1,009,655    3,275,202    2,487,893 
 Royalties               (266,656)   (165,060)    (464,308)    (332,315) 
                     ------------- ----------- ------------ ----------- 
                        1,409,881     844,595    2,810,894    2,155,578 
  
 Interest and other 
  income                   51,273      10,839      120,000       85,650 
                     ------------- ----------- ------------ ----------- 
                        1,461,154     855,434    2,930,894    2,241,228 
                     ------------- ----------- ------------ ----------- 
  
 Expenses 
 Operating                290,076     443,222      703,376      632,366 
 General and 
  administrative          668,970     494,749    1,132,834      812,802 
 Depletion and 
  depreciation            357,843     181,501      704,843      398,761 
 Accretion of asset 
  retirement 
  obligations               8,300       7,417       16,800       14,834 
 Foreign exchange 
  loss (gain)              29,176     324,675      (15,289)     333,163 
 Write off of 
  impaired assets               -           -            -    1,890,242 
                     ------------- ----------- ------------ ----------- 
                        1,354,365   1,451,564    2,542,564    4,082,168 
                     ------------- ----------- ------------ ----------- 
  
 Income (loss) for 
  the year before 
  income taxes            106,789    (596,130)     388,330   (1,840,940) 
  
 Income taxes 
  (recovery) 
   Current                347,680      89,500      616,967      638,165 
   Future                       -      (4,200)           -     (670,915) 
                     ------------- ----------- ------------ ----------- 
                          347,680      85,300      616,967      (32,750) 
                     ------------- ----------- ------------ ----------- 
  
 Net Income (Loss) 
  for the Period         (240,891)   (681,430)    (228,637)  (1,808,190) 
 Deficit - Beginning 
  of Period as 
  Previously 
  Reported            (10,746,658) (7,787,854) (10,656,042)  (7,787,854) 
 Retroactive 
  Adjustment 
  for Change in 
  Accounting 
  Policy                        -      15,590     (102,870)      15,590 
                     ------------- ----------- ------------ ----------- 
 Deficit - End 
  of Period           (10,987,549) (8,453,694) (10,987,549)  (9,580,454) 
                     ------------- ----------- ------------ ----------- 
                     ------------- ----------- ------------ ----------- 
  
 Net Income (Loss) 
  Per Common Share 
   - Basic                  (0.01)      (0.03)       (0.01)       (0.09) 
 Net Income (Loss) 
  Per Common Share 
   - Diluted                (0.01)      (0.03)       (0.01)       (0.09) 
 

/T/



-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Antrim Energy Inc.
Stephen Greer
Chairman & CEO
[phone]
[phone] (FAX)
Email: [e-mail]
or
Antrim Energy Inc.
Anthony J. Potter
Chief Financial Officer
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.antrimenergy.com

[kraftdinner]

Antrim aims to raise $7.5-million

2004-08-03 12:06 ET - News Release


Mr. Stephen Greer reports

ANTRIM ENERGY INC. ANNOUNCES PROPOSED PRIVATE PLACEMENT

Antrim Energy Inc. has entered into an agreement with Octagon Capital Corp., Canaccord Capital (Europe) Ltd. and Regent Mercantile Bancorp whereby Octagon and Canaccord will co-lead to purchase on a bought deal basis a total of 4,687,500 units at a price of $1.60 per unit for gross proceeds of $7.5-million. The underwriters will also act on a best efforts basis in respect of a private placement to European and Canadian investors of up to 4,687,500 units for additional gross proceeds of $7.5-million. Each unit consists of one common share and one-half of one warrant. Each whole warrant shall be exercisable for a period of 12 months following the closing of the offer and shall entitle the holder thereof to acquire one additional common share of Antrim at a price of $2.10 per share. Common shares issued pursuant to the arrangements set out above are expected to be admitted to listing and trading on the Toronto Stock Exchange in Canada and AIM in the United Kingdom.

Antrim plans to use the net proceeds of this offering for financing further North Sea acquisitions and development and for corporate working capital. It is contemplated that the offering will close on Aug. 18, 2004, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals.

WARNING: The company relies upon litigation protection for "forward-looking" statements.

[kraftdinner]

UK Oil & Gas Report from Canaccord Capital

Saw the report today, they do include the new UK lease in their evaluation. Their evaluation is based on a P100 for Argentina, P10 for Australia and a P25 for the UK. They have a Spec. Buy recommendation and a target of 99 pence(?) which would convert to about $2.40 a share here in Canada. Too bad the 1st qtr earnings weren't better.

The one thing that struck me about the report is out of 20 E&P, they have 5 sells, 6 holds, 3 buys, and 6 spec buys. You would never see that many sell recommendations on this continent.

[kraftdinner]

Another good move today. According to a post on Stockhouse, it is being attributed a 'spec buy' recommendation put out today by Cannacord (UK) on Antrim and Oilexco. I haven't seen it yet so I don't know what their targets are but the John Clarke report from a while ago gave a $1.91 a share target based on a P10 discount of the estimated Australian resource prospect. That was written before they bought the lease interest in the North Sea which has two old wells which flowed at about 1200 and 5500 bbld, I have no idea what reserves are attributed to these wells or how much value this lease and reserves add to the share value. My guess is there is still more upside due to the North Sea license, wild-a##-guess, a dollar. Anything higher than that is pure spec on Australia and a person buying is going to have to think hard with attention to capital preservation.

My penny's worth,

[kraftdinner]

Some interesting pictures from Magellan

http://www.magpet.com.au/magpet/pdf_files/2004_03_29/306_307montage_screen.pdf

[kraftdinner]

I don't think its too late, should be lots of upside before their done drilling. Here is Magellan's version of the structure.

http://www.magpet.com.au/magpet/pdf_files/2004_03_29/306_307PermitSummary.pdf

[Ed Monton]

Wow. Sure wish i had taken some around $1.00 now. Good pick.

[kraftdinner]

Map of the new lease

http://www.og.dti.gov.uk/information/bb_updates/maps/plate6.pdf

[kraftdinner]

News - (UK) North Sea

Antrim Acquires Interest in Fallow Licence and Discoveries, UK North Sea
7/1/04

CALGARY, ALBERTA and LONDON, UNITED KINGDOM, Jul 1, 2004 (CCNMatthews via COMTEX) --
CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - Jul Antrim Energy Inc. (TSX:AEN) (AIM:AEY) announced today that it has entered into a Sale and Purchase Agreement to purchase an 18.4% working interest in the UK North Sea Licence P.201 (Block 211/22a, "Osprey Ridge") from ConocoPhillips (U.K.) Theta Limited. Closing of the purchase is expected to occur prior to the end of July 2004. Other current participants in the Licence are ENI UKCS Limited (24%-Operator), CNR International (UK) Limited (18.4%) and Marabeni Oil and Gas (UK) Ltd. (39.2%).

The Osprey Ridge Licence is situated in the East Shetland Basin of the North Sea. The area defined by Block 211/22a has been designated fallow under the UK's PILOT initiatives to encourage new entrants and activities in the North Sea. The block is situated between the producing Cormorant and Dunlin oilfields, which to date have produced over 400 and 380 million barrels of oil respectively. Two discovery wells have been drilled on the acreage, the most significant of which is 211/21a-3, which tested oil at 5,512 bopd from a Jurassic reservoir in 1984. In 1976, the other discovery well (211/21a-1) tested oil at a rate of 1,280 bopd.

Antrim intends to evaluate potential targets in the prolific sandstones of the Jurassic Brent Group, including the trends defined by the two discovery wells, with a view to drilling at least one appraisal well in 2005.

Commenting on the acquisition, Stephen Greer (CEO) said, "This is an important step forward for Antrim in a very competitive market and underlines our strategy of growth in the U.K. North Sea. Together with our current holdings in the Southern Gas Basin, we are building a substantial and very exciting portfolio of drilling opportunities in the U.K."

Certain statements contained in this press release may be considered as "forward looking". Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Updated information about Antrim can be accessed on its website: www.antrimenergy.com

Antrim Energy Inc.Stephen GreerChairman & CEO(403) 264 5111(403) 264 5113 (FAX)[e-mail] Energy Inc.Keith SkipperExecutive Vice President(403) 264 5111(403) 264 5113 (FAX)[e-mail]
NEWS RELEASE TRANSMITTED BY CCNMatthews

Copyright (C) 2004, CCNMatthews. All rights reserved.

[kraftdinner]

According to the board on Stockhouse, somebody by the name of John Clark (never heard of him) at Octagon Capital has a report out on Antrim titled "Swinging for the fences". As far as I know thats it - found it at Reuters but they're charging $60 for it.

Edit: Looks like it is a 16 page report.

[Ed Monton]

Wow. Nice move. Congrats. Whats making this move other than $42 a barrel oil?

[kraftdinner]

Yahoo! Let's have more days like that! It will be interesting to see if it retreats tommorrow.

[kraftdinner]

The rig for Tanzania is available if they want to drill that also, even though they have the funds for this my guess is they will wait.

ASX ANNOUNCEMENT
RELEASE DATE: 11 May 2004
TO: Manager, Company Announcements
Australian Stock Exchange Limited

CONTACT: Tom Fontaine (08 9322 3244) PAGES: 2

RE: Nyuni-1A – Well Suspended with Oil & Gas Shows

Dear Sir/Madam,
Bounty Oil & Gas NL announces that drilling operations on its Nyuni-1A well, offshore Tanzania, have been completed, oil shows established and the well suspended while further study is carried out on the feasibility of a full testing program.

Both the target Lower Cretaceous (“Neocomian”) and Upper Jurassic formations revealed consistent shows of gas and oil. However, the results from the testing program, which used an MDT tool (Modular Formation Dynamics Tester) to provide down-hole well test information, have to date been inconclusive and subject to recurring mechanical failures of the tool. The MDT program was designed to take pressure data and fluid samples to a depth of 3886m, but no fluid samples have been obtained below a depth of 3406m. Given the uncertainty of being able to undertake satisfactory repairs to the tool in the near future, the testing program was terminated (with a substantial portion remaining incomplete), the tool stood down and the well suspended
with a wellhead in place.

The establishment of oil from an Upper Jurassic source rock in this region is a considerable achievement and a landmark for its hydrocarbon potential. Coupled with geochemical and other analyses of regional surface oil seeps, which precisely match oil shows analysed from Nyuni-1A, the well provides the first indication to date of a new oil province in East Africa, previously considered to be a purely gas-prone area.

Prior to any further drilling, the Joint Venture will conduct a detailed review of the licence area, integrating the information from the Nyuni-1/1A well. It is likely that existing seismic will be reprocessed in light of the well results and possible that further seismic acquisition carried out. A decision will be made on a full well test of the suspended Nyuni-1 and on the next drilling location as soon as this review has been concluded.

Bounty Managing Director Tom Fontaine said the drilling at Nyuni-1 had been an exciting project for the company.

“While we are clearly disappointed that we were unable to obtain definitive results at Nyuni-1, we believe that the well has confirmed the prospectivity of the region and has substantially upgraded the potential of the permit,” he said.

“Despite the well taking longer than anticipated to drill, Bounty will not be exposed to any additional expenditure, as our agreement with Aminex provides a cap to Bounty’s drilling costs for the Nyuni and Okuza wells. At such time as the costs meet or exceed an agreed level, Bounty will be provided with an opportunity to either continue to fund its 10% share or to proportionately dilute its interest to a minimum of 5%.

“We are enthusiastic about the region and are looking forward to the next round of drilling.”

Partners in the Nyuni Block are:
Bounty Oil & Gas NL 10% (earning)
Ndovu Resources Ltd* 60% (Operator)
Petrom SA 30%
*Ndovu Resources is a wholly owned subsidiary of Aminex Plc.

Yours sincerely,
BOUNTY OIL & GAS NL
Tom Fontaine
Managing Director

NOTE: In accordance with ASX listing requirements, the geological information supplied in this report has been based
on information provided by geologists who have had in excess of five years experience in their field of activity.

[kraftdinner]

Magellan Commences Its 2004 Drilling Program
DATE: May 18, 2004
FROM: PR Newswire
COPYRIGHT: Copyright © 2004 PR Newswire Association LLC. All rights reserved.

http://ogj.pennnet.com/home.cfm

MADISON, Conn., May 14 /PRNewswire/ -- Magellan Petroleum Corporation (NASDAQ:MPET) said that its 55-percent-held subsidiary, Magellan Petroleum Australia Limited, has made the following release:


Magellan Petroleum Australia Limited advises that it will spud the first well in its eight well 2004 drilling program at its Palm Valley gas field in the Amadeus Basin of the Northern Territory in the week commencing 17 May 2004, using OD&E's Rig 16. The development well, Palm Valley-11, is designed to increase gas deliverability from the field. The Palm Valley field is a naturally fractured gas reservoir and the well will be deviated from the vertical to increase the probability of intersecting fractures in the producing horizons of the field. Magellan has a 52.023% interest in, and is operator of, Production Lease (PL) No. 3 over the Palm Valley gas field.


Magellan (PLs 4 and 5 - 35% interest) will also participate in two gas development wells at the Mereenie oil and gas field in the Amadeus Basin. These two wells will be drilled by Santos, operator of the Mereenie field, following the Palm Valley-11 well, using the same rig. These wells are designed to increase gas deliverability from the Pacoota Sandstone reservoir.


Elsewhere in Australia, Magellan will participate in two exploration wells in the South Australian Cooper-Eromanga Basin and one in the southern Browse Basin, offshore Western Australia. In South Australia, the Myponga-1 (PEL 94 - Magellan 35%) and Noarlunga-1 (PEL 95 - Magellan 50%) wells will be drilled by the joint venture operator, Beach Petroleum in June. These wells will target oil plays in the Jurassic, Triassic and Permian sequences of the Cooper-Eromanga Basin.


The South Galapagos-1 offshore well (WA-306-P - Magellan 12.5%) will be drilled by Antrim Energy Australia, operator of the WA-306-P joint venture. Magellan has farmed out a 37.5% interest in the permit to Antrim, who is responsible for funding the well which is currently scheduled for drilling in September. The well will be drilled using the Transocean Sedco 703 semi- submersible drilling rig, and will target oil in the Lower Cretaceous and Jurassic-aged sandstones of the southern Browse Basin.


In New Zealand, Tap Oil, operator of the PEP 38765 joint venture (Magellan 12.5% interest) will drill the Miromiro-1 exploration well in the permit in the onshore Taranaki Basin. Miromiro-1 will target oil in the Mount Messenger and Moki Formations, and is expected to be drilled during the third quarter of 2004.


In the UK, Northern Petroleum, operator of the PEDL 113 joint venture (Magellan 22.5% interest) will drill the Sandhills-2 well on the Isle of Wight licence in September/October. Magellan has farmed out a 17.5% interest in the permit to Northern Petroleum and a 5% interest to Montrose Industries, both of whom will be responsible for funding Magellan's participation in the well. Sandhills-2 will target oil in the middle Jurassic Great Oolite Formation of the Weald-Wessex Basin of Southern England.


Magellan's current firm 2004 drilling schedule for its Australian, New Zealand and the UK tenements is as follows:


Permit Basin Well Magellan Proposed 2004
Interest Spud


PL 3 Amadeus NT Palm Valley-11 52.023% May
PL 4&5 Amadeus NT Mereenie East-43 35.0% 3rd Quarter
Mereenie West-18 35.0%
PEL 94 Cooper-Eromanga SA Myponga-1 35.0% June
PEL 95 Cooper-Eromanga SA Noarlunga-1 50.0% June
WA-306-P Browse Offshore WA South Galapagos-1 12.5% September
PEP 38765 Taranaki NZ Miromiro-1 12.5% 3rd Quarter
PEDL 113 Weald-Wessex UK Sandhills-2 22.5% 3rd Quarter


Additional wells, one in the Cooper Basin PEL 95 licence, two in the Taranaki Basin PEP 38748 permit and one in UK permit PEDL 125, are also being considered for drilling this year by the respective joint ventures.


The PEP38748 joint venture (Magellan 25% interest) is considering the drilling of a permit commitment well, plus one other well in PEP 38748 in the Taranaki Basin, during the fourth quarter of 2004.


The Hedge End-2 well in PEDL 125 (Magellan 40% interest), which will target the Jurassic Great Oolite Formation in the Weald-Wessex Basin of the Hampshire area of Southern England, is being considered for drilling by the joint venture. Northern Petroleum, operator of the joint venture, plans to drill Hedge End-2 following the Sandhills-2 well.


Statements in this release that are not historical in nature are intended to be -- and are hereby identified as -- "forward-looking statements" for purposes of the "Safe Harbor Statement" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Among those risks and uncertainties is the risk that any wells drilled may fail to encounter hydrocarbons in commercial quantities. The Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.


Source: Magellan Petroleum Corporation

CONTACT: James R. Joyce of Magellan Petroleum Corporation,
[phone]

[kraftdinner]

Well at least its not a loss, somehow it kind of sounds more pathetic than losing a million though. I'm not unhappy with that part of it, the part that does disappoint me was that I was expecting the production increase to take them over 500 boed - for no other reason than it seemed like a reasonable increase to me as I thought they were doing more workover activity than it appears they actually were. Well at least the production will keep the office running.

The drilling they do undertake is aiming for much higher impact than anything they could achieve in a single quarter in Argentina. If just one of the offshore plays they have hits it will make the company, and since the share float is reasonable with the money raised already a miss shouldn't break the company.

I found yesterday's releases on Stockwatch, while going through them I noticed that they have a fair number of these high impact wells to drill in the next two years to fulfill lease commitments. Hopefully they hit in Australia or a long term holder could have quite the whiplash ride.

[Ed Monton]

Antrim earns $12,254 in Q1 2004

2004-05-14 18:58 ET - News Release


Mr. Stephen Greer reports

ANTRIM ENERGY INC. ANNOUNCES 2004 FIRST QUARTER FINANCIAL AND OPERATIONAL RESULTS

Antrim Energy has released its financial and operational results for the three-month period ended March 31, 2004.

Highlights for the quarter include:


secured semi-submersible drilling rig and drill date for Antrim's first well offshore Australia;
16-per-cent increase in oil production;
27-per-cent increase in cash flow from operations; and
maintenance of strong working capital position.

In the first quarter of 2004, Antrim made substantial progress toward drilling its first offshore well in Australia. This well is the most challenging project in the company's history and underscores its commitment to seek to reward shareholders with high-impact discoveries.

In January, 2004, the company awarded the drilling management contract for the South Galapagos No. 1 well in Australia to the Peak Group, a major Australian- and U.K.-based worldwide supplier of offshore drilling and engineering services. In April, 2004, Antrim entered into a drilling contract with Sedco Forex International Inc. (Transocean) to use Transocean's semi-submersible drilling unit SEDCO 703. This drilling rig, currently operating on the NorthWest shelf, is expected to be available to Antrim as early as September, 2004.

In addition to the drilling operation in Australia, Antrim continues to develop its properties in the United Kingdom, Tanzania and Argentina. The development of these drilling prospects is underpinned by Antrim's strong working capital position and successful development of the Puesto Guardian oil field in Argentina.

Oil production from the Puesto Guardian field in the first quarter of 2004 was 444 barrels of oil per day, compared with 429 barrels of oil per day in the fourth quarter of 2003 and an average of 382 barrels of oil per day in 2003. As weather conditions in Argentina improve, a six-well workover program on previously shut-in wells will commence and is expected to continue for several months. An additional oil battery is also being constructed in order to handle the expected increase in production from the workover program.

Antrim generated cash flow from operations in the three-month period ended March 31, 2004, of $439,074 (one cent per share) compared with $346,310 (two cents per share) in the comparable period in 2003. Net income in the first three months of 2004 was income of $12,254 (nil per share) compared with a net loss of $1,126,759 (six cents per share) in 2003. Net income increased primarily due to a writedown in the first quarter of 2003 of Antrim's Tunisian assets following the deepening and subsequent abandonment of the Chott Fejaj No. 3 well in February, 2003.

WARNING: The company relies upon litigation protection for "forward-looking" statements.


CONSOLIDATED STATEMENT
OF INCOME (LOSS) AND (DEFICIT)
Three months ended March 31

2004 2003
Revenue

Oil and gas
sales 1,598,665 1,478,238

Royalties (197,652) (167,255)
---------- ----------
1,401,013 1,310,983
Interest and
other income 68,727 74,811
---------- ----------
1,469,740 1,385,794
---------- ----------
Expenses

Operating 241,716 189,143

General and
administrative 635,448 318,053

Depletion and
depreciation 347,000 217,260

Accretion of
asset
retirement
obligations 8,500 7,417

Foreign exchange
loss (gain) (44,465) 8,489

Write-off of
impaired assets - 1,890,242
---------- ----------
1,188,199 2,630,604
---------- ----------
Income (loss)
for the year
before income
taxes 281,541 (1,244,810)

Income taxes
(recovery)

Current 269,287 548,664

Future - (666,715)
---------- ----------
269,287 (118,051)
---------- ----------
Net income
(loss) for
the period 12,254 (1,126,759)

(Deficit) --
beginning of
period as
previously
reported (10,656,042) (7,787,854)

Retroactive
adjustment for
change in
accounting policy (102,870) 15,590
---------- ----------
(Deficit) --
end of period (10,746,658) (8,899,023)
---------- ----------
Net income
(loss) per
common share
-- basic 0.00 (0.06)

Net income
(loss) per
common share
-- diluted 0.00 (0.06)

[kraftdinner]

News- New director, not much. 1st qtr should be out end of the month I think and look better than year end due to workovers in Argentina and no more writeoffs due to Tunisia. Picked up some more today and looking forward to the mailing.

Antrim Energy Inc. Files Consolidated Financial Statements, Reserves Data
5/13/04

CALGARY, ALBERTA and LONDON, UNITED KINGDOM, May 13, 2004 (CCNMatthews via COMTEX) --
CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - May Antrim Energy Inc. ('Antrim') is pleased to announce that it has filed with Canadian securities regulatory authorities its audited Consolidated Financial Statements for the year ended December 31, 2003, the accompanying Management Discussion and Analysis and its Annual Information Form ('AIF') for the year ended December 31, 2003. Included in the AIF are Antrim's Statement of Reserves Data and Other Information, the report of independent qualified reserves evaluator and the report of management and directors required pursuant to National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. These filings will be available for review at www.sedar.com.

Antrim is also pleased to announce the appointment of Mr. Jay Zammit to its Board of Directors. Mr. Zammit, a partner at the law firm of Burstall Winger LLP in Calgary, practices in the areas of corporate finance and securities, advising on public and private financing matters as well as mergers, acquisitions and takeovers. Mr. Zammit currently holds positions on the boards of several public and private Canadian energy companies. Mr. Zammit previously held the position of Corporate Secretary with Antrim.

Antrim Energy Inc.Stephen GreerChairman &CEO(403) 264 5111Email: [e-mail] Energy Inc.Anthony J. PotterChief Financial Officer(403) 264 5111(403) 264 5113 (FAX)Email: [e-mail]: www.antrimenergy.com
NEWS RELEASE TRANSMITTED BY CCNMatthews

[Ed Monton]

They're not drilling the Aussy prospect until September, so I think I'll wait before jumping into this one. Unless of course another opportunity to buy under a $1.00 presents itself.

[kraftdinner]

Interesting little company you found there, has run pretty good. Oh well there will be others.

[Tackler]

Since you started this board KD it has been bugging me that I had seen a company a few months back drilling in the region but could not remember it. Now I found it and wish I had bought some APX. #msg-2996136

[kraftdinner]

Thanks to frans1 on Stockhouse for posting this link to the following article

http://www.oilbarrel.com/home.html

Antrim Steps Up Work Rate In Argentina But The Main Prize Lies In Australia
Antrim Energy is gearing up to start workover drilling on its Puesto Guardian field in northwest Argentina. The rig is due to arrive on May 1 when it will get to work on a number of wells that were suspended in the 1980s due to scaling problems.

“We have done quite a bit of research in the lab to get the right treatment for these wells,” CEO Stephen Greer told oilbarrel.com.

The company plans to bring the wells back on line, in order to ramp up field production from its current daily gross level of 1,200 barrels per day.

The lift in production will be a welcome contrast to last year, when the company battled increased gas production and mechanical problems at Puesto Guardian. The dip in production, wedded to costly remedial work to get output back on track, hit the Calgary-headquartered company’s 2003 financials with revenue down from the 2002 level of C$6 million to C$5.1 million. Capex almost tripled on 2002 levels to stand at C$4.4 million and the company posted a loss for the year of C$2.9 million.

With the troubles of 2003 now firmly behind it, Antrim is keen to exploit the opportunities in its portfolio. One key opportunity for future growth will be tested this autumn when exploration drilling gets underway on the WA-306-P and WA-307-P permits in the Barcoo sub-basin on Australia’s North West Shelf. The company last week contracted the Sedco 703 semi-submersible to spud its first wildcat in Australian waters, an event that could prove a company-maker. The two permits include the 80 km Galapagos-Shark trend which, according to Antrim’s 2003 seismic, holds a string of attractive look-alike structures.

The South Galapagos-1 well, due to spud in the first week of September, will probe a 100-150 million barrel prospect in waters 345 metres deep and some 200 km southwest of the 20 trillion cubic feet and 30 million barrel Scott Reef and Brecknock gas and condensate fields. Antrim, however, is hoping to find oil.

“There are live oil seeps on the surface and good oil shows in the wells in the basin,” said Greer. “It’s always possible we might find gas but it wouldn’t be a huge downside for a small company like us to have a large gas find sitting on our books.”

The company is cautiously optimistic about its chances of making a major oil strike and recently struck a deal with its previously 50/50 partner Magellan to carry 100 per cent of the drilling costs in return for 87.5 per cent of the equity. The increased exposure is a mark of Antrim’s hopes for the South Galapagos well.

“It’s a high risk wildcat but given the size of the prize it’s worth taking that risk,” said Greer. “And the important thing is that there’s a string of these structures to follow. If we are successful on the first one then it virtually guarantees success for some of the other structures.”

The dry hole costs of the well are put at US$5 million and for a completed well about US$8 million. The North West Shelf is Australia’s most prolific production region, containing oilfields with up to 400 million barrels of recoverable oil. Most of the fields on the shelf range in size from 20 million to 200 million barrels of recoverable oil, a reserve base that would leap frog AIM-quoted Antrim into a new E&P league.

The company has other promising assets in its portfolio, among them 100 per cent of the North Pemba prospect in Tanzania. Antrim had hoped to use the rig drilling Nyuni-1 for Aminex plc to spud an exploration well on North Pemba but, given the extensive delays at Nyuni, may now delay its plans.

“We had hoped to use that rig because a lot of the cost of drilling in these frontier regions is mobilising and demobilising rigs,” explained Greer. “If Aminex has a spectacular find then we would accelerate our plans but for now we are just keeping an eye on their programme.”

Antrim has also made a leap into the UK North Sea, winning 20 per cent of two new “promote” licences in the Southern North Sea gas basin. The company is swapping seismic data with a number of larger parties it hopes to attract to the licences before drilling the first well. It also operates the South Larne block onshore Northern Ireland.

Following its debut on AIM in July 2003, Antrim is keen to beef up its position in the UK and is in, according to Greer, “continuous discussions” to build a larger asset base in the country. “We expect to conclude something this year,” said Greer, adding: “We have the backing of investors who like exploration and exploration risk and there are not that many small companies in the UK who fill that niche, so that gives us a competitive edge. We are able to take on that additional risk whereas a lot of companies in the UK sector are going down the bank financing route and swapping and reselling assets, but at some point in the UK North Sea people will have to go out and start exploring again.”

And that, Greer hopes, is where Antrim Energy will come in…

[Ed Monton]

I was on the bid yesterday at .98 and today at 1.03. I'm waiting for the seller that was active on Monday to show up again.

[kraftdinner]

I picked up a little more in the morning at 1.06 and am done buying for now unless I sell something else but as this is sitting at 30% of my portfolio it would have to be a pretty good selling opportunity. I still have a couple big dogs from the last couple weeks but I like their story and am still inclined to stick with them for the time being.

[Ed Monton]

I'm on the bid for some AEN today. I should have done it yesterday by the looks of it.

[Ed Monton]

Duh. I didn't look at the date of that post but it makes sense.