CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwire - Jan. 18, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.
Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim" or the "Company")
Production has resumed from Antrim's Causeway Field (Antrim 35.5% interest) in the Northern North Sea, following a shut-in period of three days. The nearby Cormorant East Field (Antrim 8.4% interest) is expected to resume production in the next few days. This announcement is further to the announcement of January 16, 2013 that the export infrastructure system ("Export System") used by Causeway and Cormorant East was unavailable due to a precautionary shutdown of the Cormorant Alpha platform and the Brent Pipeline System. Antrim has now been notified by the Export System Operator, TAQA Bratani Limited, that the flow of crude oil to the Brent Pipeline System has been restored. Cormorant Alpha production (which does not include production from Causeway or Cormorant East) remains shut-in.
Production from both Causeway and Cormorant East is processed at the North Cormorant platform before being exported in a co-mingled stream across the Cormorant Alpha platform to the Brent Pipeline System entry point (located on the Cormorant Alpha platform) for onward transportation to the Sullom Voe terminal and subsequent sale. Approximately 80,000 barrels of oil per day ("bopd") of production from fields upstream of the Cormorant Alpha platform is exported via the Brent Pipeline System.
Additional information concerning Antrim Energy Inc. is available at www.antrimenergy.com. Investor inquiries may be directed to email@example.com or 1-403-264-5111.
Forward-Looking and Cautionary Statements
Some of the statements in this announcement may be forward-looking including statements relating to Antrim's production from the Causeway and Cormorant East Fields. When used in this announcement, the words "expect", "approximate" and similar expressions are intended to identify forward-looking statements. Forward-looking statements include statements regarding the intent, belief and current expectations of Antrim Energy Inc. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcome to differ materially from those suggested by any such statements. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond Antrim's control. Please refer to Antrim's Amended and Restated Annual Information Form for the year ended December 31, 2011 and dated March 26, 2012 and available for viewing at www.sedar.com, for a list of risk factors. Antrim's actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Antrim will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Antrim or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release.
In accordance with AIM guidelines, Mr. Terry Lederhouse, P. Eng. and VP - Commercial of Antrim, is the qualified person that has reviewed the technical information contained in this news release. Mr. Lederhouse has over 37 years of experience in the upstream oil and gas industry.