Antrim Begins Drilling on Fyne Field in UK North Sea

Antrim Energy Inc., an international oil and gas exploration and production company, announced that drilling has commenced on the Antrim-operated Fyne Field in the UK Central North Sea Block 21/28a (Antrim WI 75%, First Oil Expro Ltd. WI 25%).

The Fyne drilling program will target the Eocene Middle Tay Sandstone, which previously tested at rates up to 3,600 bopd of medium gravity (25 degrees API) oil from the Fyne discovery well (21/28a-2), drilled and suspended in 1986. The current operation will entail drilling one pilot well and two side tracks and is being optimized using 3-D seismic acquired during 2007.

Oil was also successfully tested from the Tay Formation in wells 21/28a-6 (1990) and 21/28a-8z (1998) in the adjacent Dandy Field which is situated 6 km to the southwest of Fyne on the same licence. Beginning with Fyne, Antrim intends to appraise the previous discoveries as well as other prospects on the Block.

The Fyne Field is on trend with several other Tay fields in the area, including the West Guillemot, Pict and Saxon developments. Fyne is also situated approximately 20 km from existing infrastructure which provides production services for several fields in the area.