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Market: TSX, AIM
Sector: Oil & Gas Exploration & Production
Epic: AEY
News: Latest news
Web Site: Antrim Energy
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Antrim Energy

Antrim Energy

Antrim Energy is a dual listed (AIM & TSX) oil and gas explorer and producer with producing assets in Argentina and development assets in the UK North Sea.
Friday, July 03, 2009

Antrim Energy wins North Sea Block 21/24b

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Antrim Energy Inc (TSX:AEN, AIM:AEY) said it was notified by the UK Department of Energy and Climate Change (DECC) that it has been offered Block 21/24b in the UK North Sea as part of the 25th seaward licencing round.

The block, which was awarded to Antrim on a 100 percent working interest basis, is in the company's core area around the Fyne field in the central North Sea. As announced in November 2008, Antrim was previously awarded five blocks in the 25th Round, three of which are in the Fyne area.

Block 21/24b is approximately 10 kilometers northeast of the Fyne Field, and immediately adjacent to the Teal and South Teal fields to the east, the Clapham and Guillemot Northwest fields to the south and the Pict Field to the west. These fields all produce from either the Eocene Tay or the Upper Jurassic Fulmar Sandstones, and Block 21/24b is viewed to have potential in both of these formations.

Block 21/24b will add approximately 36,000 acres to Antrim's asset portfolio in the area.

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