Antrim Energy Inc. declares the results of a prospective resources report for the Company's interests in Frontier Exploration Licence 1/13 (FEL 1/13) which includes blocks 44/4, 44/5 (part), 44/9, 44/10, 44/14 and 44/15 (collectively the "Skellig Block", Antrim 25% working interest) offshore Ireland.
These prospective resources were evaluated by McDaniel & Associates Consultants Ltd. (McDaniel) in accordance with National Instrument 51-101 in a report dated effective June 30, 2014. Prospective resources were assigned to 17 leads within the Skellig Block.
The report estimates a total unrisked prospective resource potential of 1.1 billion barrels of oil equivalent ('Best Estimate') on the licence. The report further assigns a best estimate of 482 million barrels of oil equivalent (42.7% of the total) to two of the primary leads currently designated Leads "C" and "M-3".