Antrim Provides Update on Drilling Schedule in Fyne Area, Offshore UK

Antrim Provides Update on Drilling Schedule in Fyne Area

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

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