Antrim Energy Logs Pay with Fourth Tierra del Fuego Well

Antrim Energy has drilled and cased Los Patos 1003, the fourth well in Antrim's multi-well drilling program in Tierra del Fuego, Argentina.

Based on logging results, the well encountered at least a 6.6 meter thick net pay interval in the target zone, the Cretaceous Springhill Formation. Production testing will be performed in February 2006 using the large capacity test equipment mobilized for earlier discoveries in the program.

The drilling rig used to drill Los Patos 1003 is moving to the fifth location in the program at Los Violetas 107. Drilling operations at LV-107 are expected to commence within the next week. Antrim has a 25.78% working interest in three producing exploitation concessions in Tierra del Fuego, located on the southern tip of Argentina.