Antrim Energy Inc. is pleased to announce that, post completion of the Fyne and Erne abandonment programme in September 2015, amounts invoiced to its former joint venture partners for their portion of the abandonment costs have now been received.

The Company, with its current cash resources, and with no debt and no decommissioning obligations, is in a strong financial position. Estimated unrestricted cash on hand, less trade payables is US$9.7 million (CAD $0.07 per share).

In addition the Company anticipates, subject to finalization and government approval of the transfer of Kosmos Energy Ireland's interest in Frontier Exploration Licence 1/13 to Antrim, obtaining at no further cost a 100% working interest in this highly prospective area in the Porcupine Basin offshore Ireland's west coast.

Tags: Antrim Energy Inc.