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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: jonggua who wrote (8382)	6/4/2002 7:18:40 PM
From: Richard Saunders	Read Replies (1) \| Respond to of 24925

Antrim Energy Inc. Board of Directors Has Struck a Special Commitee CALGARY, ALBERTA--ANTRIM ENERGY INC. (TSE:AEN) ("Antrim") announced today at the company's Annual General Meeting that Antrim's Board of Directors has struck a Special Committee of independent directors to plot the future strategic direction of the company. The Special Committee, which comprises Mr. M. Nunns (Committee Chairman), Mr. J. Brussa and Mr. V.N. Martin, will work in conjunction with Antrim's management to enhance shareholder value. Mr. Stephen Greer (Chairman & CEO), on behalf of Antrim's Board commented: "The completion of recent and very profitable asset sales has resulted in a large working capital position and this, combined with continued growth in the Company's prospect inventory makes a strategic review of the Company's direction at this point very opportune". As at March 31, 2002 Antrim Energy had working capital of $11.2 million with no debt. For the first three months of 2002, the company produced an average of 471 boepd primarily from Argentina and has significant land holdings in Australia, North and East Africa. Certain statements contained in this press release may be considered as "forward looking". Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. Updated information about Antrim can be accessed on its website: www.antrimenergy.com