UPDATE 1-Antrim Energy’s quarterly loss widens

* Q1 loss/shr $0.02 vs loss/shr $0.01 last year

* Q1 oil and gas rev $3.1 mln vs $3.2 mln last year

* Says sees FY production of 1,800 boepd in Argentina

* Shares down 2 pct

May 14 (BestGrowthStock) – Junior oil and gas explorer Antrim
Energy Inc (AEN.TO: ) posted a wider first-quarter loss, hurt by
lower oil sales volumes due to the sale of its Puesto Guardian
field in Argentina.

Antrim, which has assets in the UK North Sea and Argentina,
said it expects daily production in Argentina to average about
1,800 net barrels of oil equivalent per day (boepd) in 2010.

For the first quarter, average production in Argentina
increased 15 percent to 1,835 boep/d.

Antrim posted net loss of $2.1 million or 2 cents per
share, for the quarter, compared with a loss of $1.8 million,
or 1 cent a share, a year ago.

Oil and gas revenue decreased marginally to $3.1 million.

Shares of the company were trading down 2 percent at 97
Canadian cents Friday morning on the Toronto Stock Exchange.

Investment Basics

(Reporting by Arnika Thakur in Bangalore; Editing by Maju
Samuel)

UPDATE 1-Antrim Energy’s quarterly loss widens