Antrim Energy Inc AIM AEY TSE AEN

from Stockhouse: the good and the bad.

CALGARY, ALBERTA AND LONDON, UNITED KINGDOM, Dec 29, 2005 (CCNMatthews via COMTEX) --
Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim") is pleased to report that the recently drilled and cased Los Flamencos-1001a well in Tierra del Fuego, Argentina has tested a flow rate of approximately 14.0 million cubic feet per day at a flowing well head pressure of 1,707 psi for 2 hours on a 16mm (5/8") choke. The flowing rates were too high for the on-site testing equipment to obtain an accurate measurement of the condensate. Wells in the area generally produce at least 50 barrels of liquid (both condensate and natural gas liquids) per million cubic feet of gas production. The initial pressure results would indicate that this well is a new pool discovery.

Drilling operations have started on the third well, Las Violetas-104, in Antrim's multiwell drilling program in Tierra del Fuego. This well should reach total depth prior to the end of January 2006. Workover operations on existing wells on the licences continue to yield positive results. Antrim's working interest in the Tierra del Fuego licences is 25.78%.

In the United Kingdom, Antrim and co-venturer Nexen Petroleum U.K. Limited have agreed to abandon the Bennachie well drilled in Block 21/15a. It has been determined that, despite the presence of a thin sand on the crest of the Bennachie structure, the downdip presence of a 4,364 bopd test in a previously drilled well 21/15a-2 and proximity to the Forties export facilities, the reserves associated with the Bennanchie structure are too small to exploit