Argentina

Argentina offers great potential to companies the size of Antrim.  It is estimated that there remains over 3.1 billion barrels of oil in reserve in the country.  Additionally, Argentina has the third largest proven reserves of natural gas in Latin America (after Venezuela and Bolivia).

Antrim has been an active explorer and producer in Argentina since 1999
The major focus of the company over the past 3 years has been in Tierra del Fuego where the company holds a 25.78% WI in a 1,200 km2 onshore concession.


The Company has invested in 3-D seismic, exploration and development drilling, gas gathering and processing facilities.  In addition, the company has acquired and recorded approximately 800 km2 of 3-D seismic to date, and indentified several oil and gas bearing structures at the Cretaceous Springhill
formation level.

Antrim has consistently increased production from its Argentine properties. The Company’s net current production is approximately 1,800 boepd. Much of recent production increase has been due to increasing gas volumes produced from the Tierra del Fuego licences.

Antrim is currently engaged in an eight well drilling program in Tierre del Fuego designed to increase net production to 2000 BOEPD by the end of 2010.

 

Antrim holds interests in the following areas:

  • Tierra del Fuego (interest in three production licences)