Antrim to Begin Drilling Erne Prospect in 4Q11
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.
- Enegi Mulls Newfoundland Divestment, Increased Stake in ABT (Aug 29)
- Antrim Energy Considering Selling Stake in Causeway Field (Nov 15)
- Production Resumes at Causeway, Cormorant East Fields (Oct 25)