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Antrim Energy Continues Derisking Skellig, Looking For Farm Out
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Antrim Energy Inc., an international oil and gas exploration company, has reported its financial and operational results for the three and six month period ended June 30, 2014.
All financial figures are unaudited and in US dollars unless otherwise noted.
Highlights: Completion of sale of UK subsidiary for $53 million plus assumption of certain liabilities Repayment of outstanding bank loan (Payment Swap) and oil hedge (Oil Swap) obligations Strong working capital balance ($17.5 million) at June 30, 2014 Total unrisked gross prospective resource potential of 1.1 billion barrels of oil equivalent ('Best Estimate') assigned to 17 leads within the Skellig Licence (Antrim 25%), offshore Ireland CorporateOn February 7, 2014 the Company announced that it entered into an agreement to sell…
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