Antrim Files Final Prospectus

Antrim Energy has obtained a receipt from the applicable securities commission for a final short form prospectus in connection with its previously announced offering of 13,175,000 common shares of Antrim at a price of $3.70 per share for gross proceeds of $48,747,500.

The offering is being underwritten on a "bought deal" basis by a syndicate of underwriters led by Blackmont Capital Inc. ("Blackmont"), and including GMP Securities L.P., Tristone Capital Inc., Wellington West Capital Markets Inc. and Research Capital Corporation. Blackmont's alliance partner, Oriel Securities Limited is acting as special selling agent in connection with sales in the United Kingdom. Antrim has granted the underwriters an over-allotment option to purchase up to an additional 1,975,000 common shares, exercisable at any time until 30 days following closing. Closing is expected on or about November 21, 2006. Net proceeds from the offering will be used towards Antrim's 2007 North Sea drilling program and for general corporate purposes.