Antrim Says Bennachie Prospect Has Been Spud

Antrim Energy reports that drilling has commenced on the Bennachie prospect on Block 21/15a in the UK North Sea and operations are expected to take approximately 40 days. The well is being operated by Nexen Petroleum U.K. Limited. This is the third well in Antrim's 2005 UK North Sea drilling program.

The Bennachie well will target the Jurassic Fulmar Sandstone approximately 1.5 kms from the original Bennachie discovery well 21/15a-2, which tested high quality 39 degree API oil at a stabilized rate of 4,364 barrels per day and 2.67 MMcf/d of associated gas.

Nexen has contracted Transoceans's semisub, Transocean John Shaw, for the operation. Under the terms of a previously announced Farm-in Agreement, Antrim will earn a 25% working interest in the license, including the original discovery well, by participating in this well.

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