Antrim Energy reports that the Ensco 101 has been moved to
the Prometheus exploration licence, blocks 42/21 and 42/22 in the
Southern North Sea. Drilling on the Prometheus prospect is expected to
commence on September 24, 2005 and will take up to 40 days.
The Prometheus well, which is expected to cost approximately Pounds
Sterling 5.5 MM (Cdn. $12.0 MM), will be drilled to target depth at no
cost to Antrim. Antrim's interest at the conclusion of the drilling
operation will be 17.5%. The Prometheus well is the first well in
Antrim's 2005 three-well program in the UK North Sea.
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