rns27 Aug 2015 08:06
Antrim Energy Interim Financial Report - Second Quarter 2015
CALGARY, ALBERTA--(Marketwired - Aug. 27, 2015) - Antrim Energy Inc. (TSX VENTURE:AEN)(AIM:AEY) -
Highlights
-- Commencement of four well abandonment program in United Kingdom Central
North Sea
-- Significant cost reduction expected from summer 2015 abandonment program
-- Continue to evaluate new opportunities for transformative upside
potential
-- Strong financial position including cash at June 30, 2015 of US $13.5
million
-- Large reduction in ongoing G&A costs
MANAGEMENT'S DISCUSSION AND ANALYSIS
This management's discussion and analysis ("MD&A") provides a detailed explanation of Antrim Energy Inc.'s (the
"Company" or "Antrim") operating results for the three and six months ended June 30, 2015 compared to the same
periods ended June 30, 2014 and should be read in conjunction with the audited consolidated financial
statements of Antrim for the year ended December 31, 2014. This MD&A has been prepared using information
available up to August 25, 2015. The interim consolidated financial statements of the Company have been
prepared in accordance with International Financial Reporting Standards ("IFRS"). Unless otherwise noted all
amounts are reported in United States ("US") dollars.