Antrim Energy (fka ATGYF)

[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