The primary target zone in the recently drilled and cased Los Patos 1002 well in Tierra del Fuego, Argentina has tested a flow rate of 12.4 MMcf/d with associated liquids from a single 4 meter thick net pay section. The initial flow rate had a flowing pressure of 1400 psi. Further testing is underway to establish stabilized
flow rates over various pressures. However, the measured flow rate from Los Patos 1002 represents a substantial
increase over the 1-2 MMcf/d average initial flow rates obtained from gas wells in the area.
Drilling operations have started on the second well, Los Flamencos 1001a, in Antrim's multi-well Tierra del Fuego drilling program. This well should reach total depth prior to year end. Antrim's
working interest in the Tierra del Fuego licences is 25.8%.