Thursday, 14 February 2013

Antrim Energy eyeing North Sea production growth

Stephen Greer, President and CEO of Antrim Energy (LON:AEY TSX:AEN), tells Proactiveinvestors that while the company currently produces a net 1,800 - 2,000 barrels of oil per day, it is working towards approval for another N Sea licence - its Fyne field asset - which Stephen says has the potential for 9,000 barrels of oil per day. Add to this the assets the company holds in Tanzania and Ireland, Stephen says that now is the time to raise the company's profile. Antrim also has immediate access to $30mln through a forward sale of oil to Credit Suisse.

No comments:

Post a Comment