Antrim Exploration (Ireland) Ltd. received formal approval regarding its application for a 100% working interest in Frontier Exploration License (FEL) 1/13 by the Republic of Ireland’s Department of Communications, Energy and Natural Resources, parent company Antrim Energy Inc. said June 13.

Antrim identified two highly prospective Jurassic fault blocks and one Cretaceous submarine fan system in the FEL 1/13 License, which is offshore Ireland in the Porcupine Basin, as well as numerous other leads.

FEL 1/13 has a 15-year term, with an initial three-year term followed by three four-year terms. The initial three-year term expires in early July, and Antrim has submitted a request to extend the first exploration term by an additional two years. This request requires the approval of the Irish authorities.

Antrim is also currently seeking a new farm-in partner and operator to complete any additional technical work necessary during the period of any extension granted by the Irish authorities. The company’s goal is for a well commitment to be made at the end of the revised first exploration phase.

Antrim Energy Inc. is based in Calgary, Alberta.

Offshore