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Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
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  • Antrim Energy Eyeing North Sea Production Growth 0 comments
    Feb 14, 2013 3:10 PM

    Stephen Greer, President and CEO of Antrim Energy (LON:AEY TSX:AEN), tells Proactiveinvestors that while the company currently produces a net 1,800 - 2,000 barrels of oil per day, it is working towards approval for another N Sea licence - its Fyne field asset - which Stephen says has the potential for 9,000 barrels of oil per day. Add to this the assets the company holds in Tanzania and Ireland, Stephen says that now is the time to raise the company's profile. Antrim also has immediate access to $30mln through a forward sale of oil to Credit Suisse.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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