Antrim expects to commence drilling on the “Erne” exploration prospect (Antrim 50%, operator) in the Greater Fyne Area once the WilPhoenix rig has completed its current operations with another exploration company on a well West of Shetland.
Following the completion of the Erne well, the rig will move to Antrim’s “Carra” prospect (Antrim 100%). The East Fyne appraisal well is expected to commence drilling in the fourth quarter of 2011.
Antrim is pursuing a strategy of balancing longer term and capital-intensive investments in the UK North Sea with shorter investment cycle on-shore exploration and production opportunities. Antrim also considers other global exploration opportunities as they arise.
Source:Antrim , October 19, 2011