Antrim Energy (fka ATGYF)

[kraftdinner]

That post was back in October, they announced the PP at the end of November and closed it just before Christmas. Hmmmm, that means it should have become free trading yesterday for a four month hold, could explain the recent decline.

[Ed Monton]

There was some speculation here that there may be another PP:

#msg-1663246


I may buy some AEN now but I will have to find a way out of some of my gold juniors first.

[kraftdinner]

I don't know, the last PP was at 90 cents though with warrants(?) at 1.30 so I had thought 1.10 (halfway) was a good spot. They have 15M in cash and they give the impression this is enough money for the well. They may want to raise cash for Tanzania or the UK though. I can see me accumulating more but I'm about a week away from the cash so I kind of hope it stays down here for a bit, there might not be any real excitement in the stock until July/August. Who knows, maybe they'll decide to drill 2 or all 3 at the same time LOL.

[Ed Monton]

Are they moving this down to do a PP ??

[kraftdinner]

2003 Financial and Operational Results

Nothing to brag about but tells you where the company is at. I bought in for the Australia drilling, if they hit last year won't matter.

http://www.stockhouse.ca/news/news.asp?newsid=2249928&tick=AEN

Some notes:
Shares: 31.3M, 32.9M f/d
Working Capital: $15.34M
Debt: None
Cashflow: (0.01)
Earnings: (0.14)
Revenue: $5.1M
Production: 405 boed avg. 464 boed exit

- loss due mostly to disappointing well in Tunisa and writedown of those assets

[kraftdinner]

Antrim Awards Drilling Contract and Announces Drilling Date for Offshore Australia

CALGARY, ALBERTA and LONDON, UNITED KINGDOM, Apr 19, 2004 (CCNMatthews via COMTEX)
Antrim Energy Inc. announced today that it has entered into a Drilling Contract with Sedco Forex International Inc. (Transocean) for Antrim's first offshore exploration well on the NorthWest Shelf of Australia. The well will be drilled using Transocean's semi-submersible drilling platform the Sedco 703. Transocean has informed Antrim that the rig is currently operating on the Australian NorthWest Shelf and may be available to start drilling operations on Antrim's 'South Galapagos'prospect as early as the first week of September 2004.

The well will be located on Permit WA-306-P in the Barcoo Sub basin, NorthWest Shelf, Australia. The NorthWest Shelf is Australia's most prolific oil producing region containing oil fields as large as 400 million barrels recoverable. Most NorthWest Shelf field sizes range from 20 - 200 million barrels recoverable. Permit WA-306-P contains a cluster of drilling prospects including 'Galapagos'and 'South Galapagos'. The first well, South Galapagos #1, will be drilled in 345 metres of water to a projected depth of 3775 metres in the Jurassic section. Drilling time to total depth is estimated to be 32 days. A period of testing would follow on positive drilling results. Antrim is Operator of the project and, following the evaluation of recently acquired seismic data, increased its interest in the permit through an agreement with its 50% partner Magellan. Antrim will fund Magellan's share of the well cost to earn an additional 37.5% interest, bringing Antrim's total interest to 87.5% in the WA-306-P permit.

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.

[Capt_Nemo]

baby grub!!!!!

[kraftdinner]

News release coming - from Stockhouse

SUBJECT: RE: Year End Results.. Posted By: ttree
Post Time: 4/12/04 12:57
« Previous Message Next Message »

Just talked to AEN today. They will be releaseing news in a week or so on the hiring of the drill rig. they want one well with an option for another. Annual results should be out within 2 weeks but they might be poor due the rain in argentina slowing down their oilfield production. TTREE

[kraftdinner]

January 16, 2004 Awards Contract for Drilling Management Offshore Australia

CALGARY, ALBERTA (TSX: AEN) – LONDON, UK (AIM: AEY), 16 January, 2004
Antrim Energy Inc. announced today that it has entered into a Drilling Management Contract with the Peak Group (“Peak”) for Antrim’s first offshore exploration well on the North West Shelf of Australia.

Antrim and Peak will immediately begin to finalize the well planning and rig contracting for the drilling planned for later in 2004. The well will be located on Permit WA-306-P in the Barcoo Sub basin, North West Shelf, Australia. The North West Shelf is Australia’s most prolific oil producing region. Permit WA-306-P contains a cluster of drilling prospects including “Galapagos” and “South Galapagos”. The first well, South Galapagos #1, will be drilled in 345 metres of water to a projected depth of 3775 metres in the Jurassic section. Antrim is Operator of the project and recently increased its interest in the permit through an agreement with its 50% partner Magellan. Antrim will fund Magellan’s share of the well cost to earn an additional 37.5% interest, bringing Antrim’s total interest to 87.5% in the WA-306-P permit.

Antrim awarded the management contract to Peak in recognition of Peak’s leading edge advantage in offshore drilling operations management.

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:
Antrim Energy Inc. OR Antrim Energy Inc.
Stephen Greer (Chairman & CEO) Keith Skipper (Executive Vice-President)
[phone] [phone]
[phone] (fax) [phone] (fax)
E-mail: [e-mail] Email: [e-mail]

[kraftdinner]

December 23, 2003 Closing of $10 Million Private Placement

CALGARY, ALBERTA (TSX: AEN) – LONDON, UK (AIM: AEY), 23 December 2003 -
Antrim Energy Inc. (“Antrim”) is pleased to announce that it has now closed its bought deal financing of 8,335,000 Units at a price of $0.90 per Unit for gross proceeds of $7,501,500. The Underwriters also exercised their option to increase the size of the offering by 2,836,867 Units for total gross proceeds of $10,054,680 (11,171,867 Units). Canaccord Capital Corporation acted as lead underwriter in connection with the private placement. Each Unit consists of one Common Share and one-half Warrant. Each whole Warrant is exercisable for a period of 12 months and entitles the holder to acquire one additional Common Share of Antrim at a price of $1.30 per share.

The net proceeds of the financing will be used by Antrim to further develop its global exploration program and for corporate working capital. Antrim is a global oil and gas exploration and production company with properties and current exploration activities in Argentina, Australia, Tanzania and the United Kingdom.

The Units were not offered or sold in the United States except in transactions exempt from the registration requirements of the United States Securities Act of 1933, as amended.

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:
Antrim Energy Inc. OR Antrim Energy Inc.
Stephen Greer (Chairman & CEO) Anthony J. Potter (Chief Financial Officer)
[phone] [phone]
[phone] (fax) [phone] (fax)
E-mail: [e-mail] Email: [e-mail]

[kraftdinner]

December 1, 2003 Announces Plans for Drilling in Australia


CALGARY, ALBERTA (TSX: AEN) – LONDON, UK (AIM: AEY), 1 December 2003 -
Antrim Energy Inc. (“Antrim”) is pleased to report that it has begun preparations to drill an offshore exploration well located on the North West Shelf of Australia. Antrim has entered into a contractual arrangement with Magellan Petroleum (W.A.) Pty Ltd., whereby Antrim will fund 100% of the cost of the first well to retain a 87.5% working interest in the WA-306-P permit. Antrim will immediately commence contractual negotiations with third parties to secure management of the drilling project and a drilling rig. The well will be drilled to a minimum depth of 3700 metres in 300 metres water depth. Antrim and Magellan will each continue to hold a 50% working interest in the adjacent permit, WA-307-P. Oil discoveries in this area are most often fast-tracked to production using floating production facilities.

The agreement with Magellan enables Antrim to take direct control over exploration of a significant portion of an 80 km trend of prospects identified on permits WA-306-P and WA-307-P. The results of Antrim’s recent 2003 seismic survey has upgraded the prospectivity of this trend resulting in the confirmation of several attractive drilling prospects. The initial well will target oil in the South Galapagos prospect, a significant ’four-way closed’ structure in the Jurassic Lower Vulcan and Plover Formations. The Jurassic formations on the North West Shelf host individual fields up to 180 Million barrels of recoverable oil and up to 20 Tcf of gas. The South Galapagos prospect lies 200 km southwest of the 20 Tcf and 300 Million barrel condensate Scott Reef/Brecknock Fields.

Stephen Greer, Chairman and Chief Executive Officer of Antrim commented: “Antrim is extremely pleased to announce this agreement with Magellan and our accelerated drilling plans for Australia. This is the beginning of a new phase in the growth of Antrim as a global explorer. The drilling activity in Australia will compliment other 2004 operations planned in the UK, Argentina and Tanzania.”

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

For further information, please contact:
Antrim Energy Inc. OR Antrim Energy Inc.
Stephen Greer (Chairman & CEO) Keith Skipper (Executive Vice President)
[phone] [phone]
[phone] (fax) [phone] (fax)
E-mail: [e-mail] Email: [e-mail]

[kraftdinner]

I thought so, picked up some more yesterday.

[Ed Monton]

It looks like $1.10 might be a good entry.

[kraftdinner]

Thanks, and I thought I paid particular attention to that.

[Tackler]

I see your board is under "banking and finance". If you pm Matt he can move it.

[no3putts1]

Grub!