Antrim Energy Inc AIM AEY TSE AEN

ddevine,

Well if you value the Resource in the Ground at Causeway and probable production at US$60,000 per BOPD you are going to come to a far higher shareprice than C$4.40.

Antrim Energy Inc TSE:AEN LSE:AEY have probably had the highest success rate as operator drilling of any Oil company both in Argentina and North Sea in the last 24 months.

My personal view is that with or without RAB Capital PLC is that this share is worth multiples of current shareprice, and we will see a significant rerating in lead up to major Causeway target in April 2007.

I personally think this should be trading at C$7.40 by now, and will be trading at C$10.98 following expected success on next drill programme at Causeway.

226,000,000 Barrells of Oil in North Sea ie US$13,560,000,000 of Oil in the Ground as simply got to be worth multiples of current shareprice.

I reckon recent drill result of 14,500 BOPD alone should have added once producing US$870,000,000 to TSE:AEN Market capitalisation.

Causeway is worth IMHO billions of Dollars I think a 50,000 to 60,000 BOPD field and therefore technically worth US$3,000,000,000 to US$3,600,000,000 IMHO.

All IMHO, NAG, DYOR etc

Cheers

Ash:)