10:10 AM EST - Antrim Energy Inc. : announces the results of its exploration drilling in U.K. Central North Sea Licence P1784 Block 21/7b as well as providing an operational update on its other UKNS activities. The Cyclone well in U.K. Block 21/7b (Antrim working interest 30%) has reached a total depth of 6,076 feet and is being plugged and abandoned. The well encountered 105 feet of very porous and permeable Tertiary Cromarty sands. The well logs, however, identified only residual oil, suggesting that the trap, which was identified as the critical risk factor, was breached. Work will continue on the licence to evaluate the remaining prospectivity in light of the Cyclone well result. Antrim Energy Inc.
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