Antrim Announces Oil Discovery at Erne, UK North Sea

Antrim Energy Inc. (TSX:AEN) reported initial drilling results on the Erne exploration well 21/29d-11 in the UK Central North Sea.

As quoted in the press release:

The Erne Well has been drilled to a total depth of 5,562 feet. Preliminary estimates indicate a thick gross hydrocarbon column in excess of 50 feet was encountered in the Eocene Upper Tay Sandstone, including 20 feet of net oil pay and a separate ten feet of net gas pay with average porosity exceeding 30 per cent and average hydrocarbon saturation of approximately 80 per cent.

Click here to read the Antrim Energy Inc. (TSX:AEN) press release.