Antrim finds numerous leads in Skellig offshore Ireland

Antrim Energy has detailed prospective hydrocarbon resources in frontier exploration license 1/13 in the Porcupine basin offshore southwest Ireland.

Offshore staff

CALGARY, Canada – Antrim Energy has detailed prospective hydrocarbon resources in frontier exploration license 1/13 in the Porcupine basin offshore southwest Ireland.

This covers blocks 44/4, 44/5 (part), 44/9, 44/10, 44/14 and 44/15, collectively known as the Skellig block. Antrim acquired a licensing option over the area in 2011 and later farmed out a 75% operating interest toKosmos Energy.

McDaniel & Associates Consultants, in accordance with National Instrument 51-101, estimates total unrisked potential from 17 identified leads at 1.1 Bboe. Two of the leads, C and M-3, could hold 482 MMboe.

The analysis is based on recently acquired3D seismic, which suggests a Lower Cretaceous slope fan and channel deposits are present, similar in geometry and seismic character to the Cretaceous oil discoveries offshore West Africa.

Kosmos carried Antrim for the full costs of the 1,000-sq km (386-sq mi) acquisition program.

07/31/2014

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