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Fyne appraisal extends field potential

Offshore staff

CALGARY, Canada -- The 21/28a-10 well on the Fyne field has encountered 32 ft (9.7 m) of net oil pay in the Eocene Tay Sandstone, according to Antrim Energy.

The well intersected several oil bearing sandstones and log analysis indicates that the Tay reservoir in 21/28a-10 is very porous (average 30%), the company says. In addition, reservoir sampling indicates that the sandstones are exceptionally permeable with permeabilities to oil measured in excess of 1000 mD. No water bearing zones were encountered in the Tay section, Antrim says.

The company now plans to drill a sidetrack to the southeast of the location. If the sidetrack is also successful, the new wellbore will be flow tested. The additional drilling and testing operation is anticipated to take approximately three weeks to complete.

"This result clearly demonstrates the Fyne oil accumulation has significant lateral extent proving reservoir and structural continuity across the field," says Stephen Greer, Antrim's president and CEO. "If successful, the next sidetrack would be the final drilling operation before the Fyne partnership would apply for field development approval from the Department for Business, Enterprise, and Regulatory Reform (BERR), the UK regulatory authority."

07/23/2008

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