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 protected] or 1-403-264-5111.