Antrim Energy Antrim Energy Inc. Acknowledges Announcement
November 25 2014 - 2:00AM
UK Regulatory
TIDMAEY
Antrim Energy Inc. Acknowledges Announcement
FOR: ANTRIM ENERGY INC.
TSX VENTURE SYMBOL: AEN
AIM SYMBOL: AEY
November 25, 2014
Antrim Energy Inc. Acknowledges Announcement
CALGARY, ALBERTA--(Marketwired - Nov. 25, 2014) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.
Antrim Energy Inc. ("Antrim" or "the Company") (TSX VENTURE:AEN)(AIM:AEY), an international oil and gas
exploration company, notes the announcement made earlier today by Sound Oil plc ("Sound Oil") that it intends
to launch a public offer ("the Intended Offer") to acquire the entire issued share capital of Antrim for shares
of Sound Oil.
Antrim advises that its board of directors (the "Board") will carefully review and evaluate the announcement
and Intended Offer consistent with its fiduciary duties and in consultation with its legal and financial
advisers. The Board will consider the Intended Offer as set out in the announcement with a view toward pursuing
the course of action which best maximizes shareholder value. The Board will respond once it has completed this
process.
The Company has previously stated that it intends to use its strong balance sheet and licence holding to pursue
opportunities either asset specific or corporate where an acquisition or a corporate combination would enhance
shareholder value. Prior to the announcement, Antrim confirms that it received an expression of interest from
Sound Oil and has attempted to engage in preliminary discussions with Sound Oil to allow Antrim the opportunity
to independently assess, in detail, the business and assets of Sound Oil as well as the merits, if any, of a
potential combination. The Company was and remains concerned by Sound Oil's previous unwillingness to allow the
Company to undertake normal due diligence procedures which the Board considers important for achieving a fair
outcome in the interest of all of Antrim shareholders. The Company invites Sound Oil to engage with Antrim in a
conventional dialogue.
About Antrim
Antrim Energy Inc. is a Canadian, Calgary based junior oil and gas exploration company with assets in the UK
North Sea and Ireland. Antrim is listed on the TSX Venture Exchange (AEN) and on the London AIM market (AEY).
Visit www.antrimenergy.com for more information.
Forward-Looking and Cautionary Statements
This press release contains certain forward-looking statements and forward-looking information which are based
on Antrim's internal reasonable expectations, estimates, projections, assumptions and beliefs as at the date of
such statements or information. 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 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Antrim Energy Inc.
Anthony Potter
President, Chief Executive Officer and Chief Financial Officer
+ 1 403 264-5111
potter@antrimenergy.com
OR
RFC Ambrian Limited
James Biddle
+44 (0) 20 3440 6800
Antrim Energy Inc.
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