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Kosmos farm-in to Antrim's Irish licences approved


Published May 15, 2013
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Antrim Energy Inc.

Antrim Energy Inc. announced consent has been received from the Irish Government for the transfer of interest and operatorship for its Licensing Option 11/5 (Antrim 100%) in the Porcupine Basin offshore Ireland's west coast.

The Transfer of the interest and operatorship was approved by the Minister of State at the Department of Communications, Energy and Natural Resources (DCENR) on May 7, 2013.

As previously announced on April 18, 2013, Kosmos Energy Ireland (Kosmos), a subsidiary of Kosmos Energy Ltd. acquires 75% interest and operatorship in the Licensing Option in exchange for carrying the full costs of a planned 3D seismic programme within the licence area (the "Skellig Block") and re-imbursement to Antrim of a portion of the exploration costs incurred on the blocks to date. Antrim retains 25% interest.

Tags: Antrim Energy Inc., Kosmos Energy




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