Antrim Shuts-In Causeway and Cormorant East Fields’ Production (UK)

Antrim Energy Inc., a Canada-based international exploration and production company, today announced that routine maintenance of the North Cormorant platform has commenced as scheduled and oil production from the Causeway Field in UKCS P1383 Block 211/23d (Antrim working interest 35.5%) and the Cormorant East Field in UKCS P201 Block 211/22a Contender Area (Antrim working interest 8.4%) is currently shut-in.

The maintenance work is expected to interrupt production from the Causeway and Cormorant East fields for approximately six weeks. Production rates from the Causeway Field are expected to rise with the startup of the electrical submersible pumps, which are planned to be deployed soon after production resumes. Water injection at Causeway is currently scheduled to commence in the second half of 2014.

The Company also today announced that RFC Ambrian Limited has been appointed as Nominated Adviser and Broker to the Company with immediate effect.

 

Press Release, September 10, 2013

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