Press release from Marketwire
Antrim Energy Inc.: Causeway and Cormorant East Update and Appointment of RFC Ambrian Limited as Nominated Adviser and Broker
Tuesday, September 10, 2013
Antrim Energy Inc.: Causeway and Cormorant East Update and Appointment of RFC Ambrian Limited as Nominated Adviser and Broker02:00 EDT Tuesday, September 10, 2013
CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwired - Sept. 10, 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")
Antrim Energy Inc., a Canada-based international exploration and production company, today announced that routine maintenance of the North Cormorant platform has commenced as scheduled and oil production from the Causeway Field in UKCS P1383 Block 211/23d (Antrim working interest 35.5%) and the Cormorant East Field in UKCS P201 Block 211/22a Contender Area (Antrim working interest 8.4%) is currently shut-in. The maintenance work is expected to interrupt production from the Causeway and Cormorant East fields for approximately six weeks. Production rates from the Causeway Field are expected to rise with the startup of the electrical submersible pumps, which are planned to be deployed soon after production resumes. Water injection at Causeway is currently scheduled to commence in the second half of 2014.
The Company also today announced that RFC Ambrian Limited has been appointed as Nominated Adviser and Broker to the Company with immediate effect.
Additional information concerning Antrim Energy Inc. is available at www.antrimenergy.com. Investor inquiries may be directed to firstname.lastname@example.org or + 1 403 264-5111.
Forward-Looking and Cautionary Statements
This press release and any documents incorporated by reference herein contain certain forward-looking statements, including statements regarding Antrim's future business plans, which are based on Antrim's internal reasonable expectations, estimates, projections, assumptions and beliefs as at the date of such statements. Forward-looking statements often, but not always, are identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeting", "forecast", "achieve" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. These statements are not guarantees of future events or performance and involve known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements and information. Antrim believes that the expectations reflected in those forward-looking statements and information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements and information included in this press release and any documents incorporated by reference herein should not be unduly relied upon. Such forward-looking statements and information speak only as of the date of this press release or the particular document incorporated by reference herein and Antrim does not undertake any obligation to publicly update or revise any forward-looking statements or information, except as required by applicable laws.
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 38 years of experience in the upstream oil and gas industry.
FOR FURTHER INFORMATION PLEASE CONTACT:
Antrim Energy Inc.
President & CEO
+ 1 403 264-5111
Antrim Energy Inc.
Chief Financial Officer
+ 1 403 264-5111
RFC Ambrian Limited
+44 (0) 20 3440 6800
Tim Thompson/Tom Hufton
+44 (0) 20 7466 5000