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.

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