Oil and gas junior says block is in its core area around the Fyne Field
In breaking news Friday, Calgary-based Antrim Energy (TSX: T.AEN, Stock Forum) announced that it has been offered Block 21/24b in the UK North Sea as part of the 25th Seaward Licencing Round.
The block was awarded to Antrim on a 100% working interest basis, and is in the company's core area around the Fyne Field in the Central North Sea. Antrim was previously awarded five blocks in the 25th Round, three of which are in the Fyne area.
The company says Block 21/24b will add approximately 36,000 acres to its asset portfolio in the area, and seismic processing will be completed and a contingent well will be drilled during the initial four year term.
"With its close proximity to existing fields and infrastructure, and potential in two proven producing formations, Block 21/24b is an exciting addition to Antrim's Central North Sea holdings," said Stephen Greer, Antrim's president and CEO.