Finance & Stock Market News


BRIEF-Antrim to regain working interest, reserves in Fyne

Thu, 12th Apr 2012 20:04


April 12 (Reuters) - Antrim Energy Inc:

* To regain working interest, reserves and operat
orship in fyne; updates other

North Sea operations

* Current working interest in the fyne licence of 35.1% will increase to

between 58.4% and 100%

* Says in the meantime, Antrim is preparing a field development plan ('fdp')

for the fyne field.

* Production facility will be designed to handle gross peak production of

approximately 15,000 bopd

* Sees regaining operatorship in UK central North Sea licence p077 block 21/28a

from premier oil UK ltd at no cost

* Approval of the fdp by decc will allow Antrim to proceed with the development

and achieve first oil in late 2014.

* Says production startup from the causeway field is scheduled for the third

quarter this year

((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))



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