Antrim Announces US$50 Million Working Capital Debt Facility

Calgary, Alberta (March 6, 2008) - Antrim Energy Inc. ("the Company" ((TSX: AEN; AIM: AEY), an international oil and gas exploration and production company, today announced that Bank of Scotland plc has agreed to provide the Company's subsidiary Antrim Resources (NI) Limited ("Antrim" with a US$50 million working capital facility.

The working capital facility will be available for pre-development costs associated with Antrim's Causeway property (Antrim 65.5%, operator). Antrim is currently preparing a Field Development Plan ("FDP" for the property. Discussions with nearby production facility owners are well underway and an agreed 'export' route and FDP is expected to be submitted to the Department for Business, Enterprise and Regulatory Reform during the second quarter of 2008.

"We are delighted to work with Bank of Scotland in the development of the Causeway area and look forward to working with them in delivering on our overall UK growth strategy," said Stephen Greer, President and CEO. "Concurrent with our Causeway development, we also anticipate accelerated development of the Fyne and Dandy fields with production forecast, upon approval of a FDP, for early 2010."

The working capital facility is subject to satisfactory due diligence, execution of full documentation and achievement of all conditions precedent. Upon approval of the FDP, the facility is expected to be replaced with a US $150 million senior secured field development facility and US $40 million contingent cost overrun facility. The facilities, together with Antrim's current treasury, will be used to finance Antrim's share of Causeway development costs in the UK North Sea. Early cash flow from Causeway production is expected to fund the development of additional reserves in the Causeway area.

About Antrim:
Antrim Energy Inc. is an international oil and gas exploration and production company headquartered in Calgary, Alberta, Canada. Antrim's production and exploration operations are centered in Argentina and the United Kingdom. Antrim is listed on the Toronto Stock Exchange (AEN) and on the London Stock Exchange's Alternative Investment Market (AEY). Visit www.antrimenergy.com for more information.

For further information please contact:
Stephen Greer
President & CEO, Antrim Energy
Telephone: (403) 264-5111
Fax: (403) 264-5113
E-mail: greer@antrimenergy.com

Anthony J. Potter
Chief Financial Officer, Antrim Energy
Telephone: (403) 264-5111
Fax: (403) 264-5113
E-mail: potter@antrimenergy.com

Nominated Adviser on AIM:
Royal Bank of Canada Europe Limited
Sarah Wharry
Tel: + 44 20 7653 4667

Forward-Looking Statements

This news release contains certain forward-looking statements, which include assumptions with respect to future plans, results and capital expenditures. Cumulative volumes are not necessarily representative of future production volumes. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond Antrim's control. Please refer to Antrim's Annual Information Form for the year ended December 31, 2006 and dated March 30, 2007 and available for viewing at www.sedar.com, for a list of risk factors. Antrim's actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Antrim will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Antrim or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release.

Qualified Person Review

In accordance with AIM guidelines, Mr. Kerry Fulton, P. Eng and Chief Operating Officer of Antrim, is the qualified person that has reviewed the technical information contained in this news release.

 

Antrim Commences Drilling On The Fyne Field In UK North Sea

Calgary, Alberta (March 14 2008) - Antrim Energy Inc. ("the Company" (TSX: AEN; AIM: AEY), an international oil and gas exploration and production company, today announced that drilling has commenced on the Antrim-operated Fyne Field in the UK Central North Sea Block 21/28a (Antrim WI 75%, First Oil Expro Ltd. WI 25%).

The Fyne drilling program will target the Eocene Middle Tay Sandstone, which previously tested at rates up to 3,600 bopd of medium gravity (25° API) oil from the Fyne discovery well (21/28a-2), drilled and suspended in 1986. The current operation will entail drilling one pilot well and two side tracks and is being optimized using 3-D seismic acquired during 2007.

Oil was also successfully tested from the Tay Formation in wells 21/28a-6 (1990) and 21/28a-8z (1998) in the adjacent Dandy Field which is situated 6 km to the southwest of Fyne on the same licence. Beginning with Fyne, Antrim intends to appraise the previous discoveries as well as other prospects on the Block.

The Fyne Field is on trend with several other Tay fields in the area, including the West Guillemot, Pict and Saxon developments. Fyne is also situated approximately 20 km from existing infrastructure which provides production services for several fields in the area.

About Antrim:

Antrim Energy Inc. is an international oil and gas exploration and production company headquartered in Calgary, Alberta, Canada. Antrim's production and exploration operations are centered in Argentina and the United Kingdom. Antrim is listed on the Toronto Stock Exchange (AEN) and on the London Stock Exchange's Alternative Investment Market (AEY). Visit www.antrimenergy.com for more information.

For further information please contact:
Stephen Greer
President & CEO, Antrim Energy
Telephone: (403) 264-5111
Fax: (403) 264-5113
E-mail: greer@antrimenergy.com

Kerry Fulton
Chief Operating Officer, Antrim Energy
Telephone: (403) 264-5111
Fax: (403) 264-5113
E-mail: fulton@antrimenergy.com

Nominated Adviser on AIM:
Royal Bank of Canada Europe Limited
Sarah Wharry
Tel: + 44 20 7653 4667

Forward-Looking Statements

This news release contains certain forward-looking statements, which include assumptions with respect to future plans, results and capital expenditures. Cumulative volumes are not necessarily representative of future production volumes. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond Antrim's control. Please refer to Antrim's Annual Information Form for the year ended December 31, 2006 and dated March 30, 2007 and available for viewing at www.sedar.com, for a list of risk factors. Antrim's actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Antrim will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Antrim or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release.

Qualified Person Review

In accordance with AIM guidelines, Mr. Kerry Fulton, P. Eng and Chief Operating Officer of Antrim, is the qualified person that has reviewed the technical information contained in this news release.

 

11.06.2008 09:08

Antrim Energy starts seismic operations at Tierra Del Fuego operations

LONDON (Thomson Financial) - Oil and gas exploration company Antrim Energy Inc. (News) said seismic operations on Tierra del Fuego in Argentina began on June 9 and will continue into July.

President and chief executive Stephen Greer said the company has an extensive drilling inventory identified on its 3-D seismic and the new seismic surveys now being acquired will add to this inventory.

'With the pending completion of the gas processing and pipeline system our capacity to deliver gas to the continent will more than double by year end. This improved access is very timely as we believe that gas prices on the Argentine mainland will rise as domestic supply struggles to meet demand,' he added.

Antrim's working interest in the Tierra del Fuego concession is 25.78 percent.

TFN.newsdesk@thomson.com

npr/slm

COPYRIGHT

Copyright Thomson Financial News Limited 2008. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

 

Jun 13, 2008 02:47 ET

Antrim Energy Inc. Announces Management Change

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwire - June 13, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

Antrim Energy Inc. (TSX:AEN)(AIM:AEY) ("Antrim") announced today that Anthony Potter has provided the Company notice of his intention to resign as Chief Financial Officer of the Company in order to spend additional time with his family and pursue other personal interests. Mr. Potter will remain as acting Chief Financial Officer until August 15th, 2008 and thereafter provide services as needed in order to facilitate an orderly transition. Antrim expects to announce a new executive appointment in the next few weeks.

Stephen Greer, President and Chief Executive Officer said "On behalf of the Board of Directors, we wish to thank Mr. Potter for his many contributions to the Company over the past several years and wish him well in any future endeavors."

About Antrim

Antrim Energy Inc. is a Canadian, Calgary based high-growth junior oil and gas exploration and production company with assets in the UK North Sea and Argentina. Antrim is listed on the Toronto Stock Exchange (AEN) and on the London Stock Exchange's Alternative Investment Market (AEY). Visit www.antrimenergy.com for more information.

 

Jun 23, 2008 16:37 ET

Antrim Energy Inc. Announces "Bought Deal" Financing

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwire - June 23, 2008) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Antrim Energy Inc. ("Antrim" or the "Company") (TSX:AEN)(AIM:AEY) is pleased to announce that it has entered into an agreement to sell to a syndicate of underwriters, on a "bought deal" basis, 16,130,000 common shares at a price of C$3.10 per common share for gross proceeds of C$50,003,000. The syndicate will be co-led by RBC Capital Markets, as sole bookrunner, and Wellington West Capital Markets Inc. and also includes Cormark Securities Inc. and Research Capital Corporation, collectively (the "Underwriters"). In addition, the Company has also granted to the Underwriters an over-allotment option, exercisable in whole or in part at any time until 30 days following the closing date, to purchase up to an additional 15% of the number of common shares sold pursuant to the offering under the same terms and conditions. If the over-allotment option is exercised in full, the gross proceeds of the offering will be C$57,503,450. The offering will be made in each of the provinces in Canada, excluding Quebec, by way of short form prospectus and pursuant to applicable private placement exemptions in jurisdictions outside of Canada and the United Kingdom. The offering is scheduled to close on or about July 15, 2008.

Antrim plans to use the net proceeds of this offering to fund its ongoing appraisal of the Fyne field in the North Sea through to submission of a field development plan for the field and for general working capital purposes.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy the securities in any jurisdiction. The offered securities will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or applicable state securities laws, and may not be offered or sold in the United States absent registration or applicable exemption from such requirements.

Reader Advisory

This news release contains certain forward-looking statements, which include assumptions with respect to (i) funds to be raised in a financing; and (ii) future capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Please refer to the Company's Annual Information Form for the year ended December 31, 2007 and dated March 31, 2008 and available for viewing at www.sedar.com, for a list of risk factors. The Company's actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable Canadian securities laws and AIM Rules in the UK. 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.

 

 

24.06.2008 16:45

Antrim Energy to sell 16.1 mln shares for C$50 mln to underwriters syndicate

LONDON (Thomson Financial) - Antrim Energy Inc. (News) said it will sell 16.13 million shares to a syndicate of underwriters, on a bought deal basis, at C$3.10 per share to raise a gross C$50 million, with an over-allotment provision allowing for a total of C$57.5 million to be raised.

The AIM-listed Canadian oil and gas group said it plans to use the net proceeds of this offering to fund its ongoing appraisal of the Fyne field in the North Sea, through to submission of a field development plan for the field, and for general working capital purposes.

The company said it has also granted an over-allotment option to the underwriters, exercisable in whole or in part at any time until 30 days following the closing date, to purchase up to an additional 15 percent of the number of shares sold pursuant to the offering under the same terms and conditions.

If the over-allotment option is exercised in full, the gross proceeds of the offering will be about C$57.50 million and the offering is scheduled to close on or about July 15.

On June 16, Antrim Energy chief executive Stephen Greer told Thomson Financial News that the company considering a range of financing options, including further bank loans, for the Fyne oil project in the North Sea to replace the $100 million convertible bond it withdrew early this month.

Antrim dropped the bond issue after it found the terms too expensive. Proceeds were supposed to partly fund the $165 million it needs to develop Fyne and bring it on stream in early 2010.

TFN.newsdesk@thomson.com

ndi/ndi/am

COPYRIGHT

Copyright Thomson Financial News Limited 2008. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.