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Antrim Energy (ATGYF) company dissolved Cusip suspended.
http://otce.finra.org/DailyList
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.
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.
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.
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.
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
(403) 264-5111
(403) 264-5113 (FAX)
Email: greer@antrimenergy.com
or
Antrim Energy Inc.
Dwayne Warkentin
Vice-President, Operations
(403) 264 5111
(403) 264 5113 (FAX)
Email: warkentin@antrimenergy.com
Website: www.antrimenergy.com
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
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
(403) 264-5111
(403) 264-5113 (FAX)
Email: greer@antrimenergy.com
or
Antrim Energy Inc.
Keith Skipper
Executive Vice-President
(403) 264-5111
(403) 264-5113 (FAX)
Email: skipper@antrimenergy.com
Website: www.antrimenergy.com
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
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
(403) 264-5111
(403) 264-5113 (FAX)
Email: greer@antrimenergy.com
or
Antrim Energy Inc.
Keith Skipper
Executive Vice-President
(403) 264-5111
(403) 264-5113 (FAX)
Email: skipper@antrimenergy.com
Website: www.antrimenergy.com
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
(403) 264-5111
(403) 264-5113 (FAX)
Email: greer@antrimenergy.com
or
Antrim Energy Inc.
Keith Skipper
Executive Vice-President
(403) 264-5111
(403) 264-5113 (FAX)
Email: skipper@antrimenergy.com
Website: www.antrimenergy.com
Don't kick yourself too hard. It sounds like you did okay. Anyway, it could have gone the other way...
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.
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
(403) 264-5111
(403) 264-5113 (FAX)
Email: greer@antrimenergy.com
or
Antrim Energy Inc.
Keith Skipper
Executive Vice-President
(403) 264-5111
(403) 264-5113 (FAX)
Email: skipper@antrimenergy.com
Website: www.antrimenergy.com
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
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: (07) 3224 1600.
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: greer@antrimenergy.comorAntrim Energy Inc.Keith SkipperExecutive Vice-President(403) 264-5111(403) 264-5113 (FAX)Email: skipper@antrimenergy.comWebsite: www.antrimenergy.com
NEWS RELEASE TRANSMITTED BY CCNMatthews
Copyright (C) 2004, CCNMatthews. All rights reserved.
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.
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: greer@antrimenergy.comorAntrim Energy Inc.Keith Skipper Executive Vice-President(403) 264 5111(403) 264 5113 (FAX)Email: skipper@antrimenergy.comWebsite: 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.
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%).
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%).
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
(403) 264-5111
(403) 264-5113 (FAX)
Email: greer@antrimenergy.com
or
Antrim Energy Inc.
Keith Skipper
Executive Vice-President
(403) 264-5111
(403) 264-5113 (FAX)
Email: skipper@antrimenergy.com
Website: www.antrimenergy.com
The TSX has not reviewed and does not accept responsibility for
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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%).
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%).
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%).
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.
John Clarke has issued an updated report on the companies website.
http://www.antrimenergy.com/BullletinAugust2004.pdf
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., +1-925-842-2589; or James
Pearson of ChevronTexaco Australia Pty Ltd, +61 8 9216 4236/
/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